Main Street Capital (NYSE:MAIN) Shares Up 0.4% - Should You Buy?

Shares of Main Street Capital Co. (NYSE:MAIN - Get Free Report) were up 0.4% during trading on Tuesday . The stock traded as high as $56.36 and last traded at $56.27. Approximately 91,133 shares were traded during trading, a decline of 80% from the average daily volume of 462,450 shares. The stock had previously closed at $56.03.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Truist Financial cut their price target on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research report on Monday, May 12th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $52.80.

Main Street Capital Trading Up 0.5%

The firm's 50 day moving average is $54.33 and its 200 day moving average is $56.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $4.94 billion, a PE ratio of 10.05 and a beta of 0.86.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The business had revenue of $137.05 million for the quarter, compared to analyst estimates of $137.50 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. As a group, equities analysts predict that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a dividend of $0.255 per share. This is a positive change from Main Street Capital's previous monthly dividend of $0.25. The ex-dividend date is Monday, September 8th. This represents a $3.06 dividend on an annualized basis and a yield of 5.52%. Main Street Capital's dividend payout ratio is presently 50.93%.

Insiders Place Their Bets

In other Main Street Capital news, insider David L. Magdol sold 100,000 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the transaction, the insider now directly owns 377,182 shares of the company's stock, valued at approximately $21,895,415.10. The trade was a 20.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the completion of the transaction, the chief executive officer now owns 402,371 shares of the company's stock, valued at $23,357,636.55. This trade represents a 22.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.09% of the company's stock.

Institutional Investors Weigh In On Main Street Capital

Large investors have recently modified their holdings of the stock. Barclays PLC lifted its holdings in Main Street Capital by 75.6% in the third quarter. Barclays PLC now owns 72,265 shares of the financial services provider's stock worth $3,624,000 after buying an additional 31,110 shares during the period. Park Avenue Securities LLC bought a new position in shares of Main Street Capital in the 4th quarter worth approximately $222,000. Janney Montgomery Scott LLC lifted its stake in shares of Main Street Capital by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 20,670 shares of the financial services provider's stock valued at $1,211,000 after purchasing an additional 494 shares during the period. Wesbanco Bank Inc. purchased a new position in Main Street Capital during the fourth quarter valued at $220,000. Finally, Secure Asset Management LLC bought a new position in shares of Main Street Capital in the 4th quarter worth about $264,000. Institutional investors own 20.31% of the company's stock.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.