Main Street Capital (NYSE:MAIN) Stock Price Down 0.2% - What's Next?

Shares of Main Street Capital Co. (NYSE:MAIN - Get Free Report) were down 0.2% during trading on Thursday . The stock traded as low as $54.91 and last traded at $55.23. Approximately 73,088 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 595,757 shares. The stock had previously closed at $55.37.

Analysts Set New Price Targets

Several analysts have recently commented on MAIN shares. Truist Financial dropped their price objective on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Monday, May 12th. Oppenheimer reissued a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. Finally, 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 report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Main Street Capital presently has a consensus rating of "Hold" and a consensus price target of $52.80.

Main Street Capital Stock Performance

The firm's 50-day moving average is $54.33 and its 200 day moving average is $56.58. The stock has a market cap of $4.94 billion, a PE ratio of 10.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. The firm had revenue of $137.05 million during the quarter, compared to the consensus estimate 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, research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, September 8th. This represents a $3.06 dividend on an annualized basis and a yield of 5.52%. This is an increase from Main Street Capital's previous monthly dividend of $0.25. Main Street Capital's dividend payout ratio is presently 50.93%.

Insiders Place Their Bets

In other news, CEO Dwayne L. Hyzak sold 120,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total value of $6,966,000.00. Following the completion of the transaction, the chief executive officer now owns 402,371 shares in the company, valued at $23,357,636.55. This trade represents a 22.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David L. Magdol sold 100,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 377,182 shares of the company's stock, valued at $21,895,415.10. This represents a 20.96% decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Main Street Capital

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in shares of Main Street Capital by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider's stock worth $75,469,000 after acquiring an additional 92,833 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Main Street Capital by 1.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider's stock worth $67,578,000 after buying an additional 17,196 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Main Street Capital by 45,123.0% during the first quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider's stock worth $33,405,000 after buying an additional 589,307 shares in the last quarter. Invesco Ltd. increased its stake in Main Street Capital by 282.5% during the first quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider's stock valued at $30,105,000 after purchasing an additional 393,101 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its stake in Main Street Capital by 5.2% during the first quarter. Adell Harriman & Carpenter Inc. now owns 447,642 shares of the financial services provider's stock valued at $25,319,000 after purchasing an additional 22,090 shares during the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

Main Street Capital Company Profile

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.