Shares of Main Street Capital Co. (NYSE:MAIN - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $47.71 and last traded at $47.66, with a volume of 28974 shares traded. The stock had previously closed at $47.60.
Wall Street Analyst Weigh In
A number of research firms recently commented on MAIN. Truist Financial lifted their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, February 26th. Royal Bank of Canada raised their price target on shares of Main Street Capital from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday, January 22nd. B. Riley lowered shares of Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price target for the company. in a research report on Monday, January 8th. Oppenheimer raised their price target on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a "market perform" rating in a research report on Monday, February 26th. Finally, UBS Group raised their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $45.50.
View Our Latest Report on Main Street Capital
Main Street Capital Stock Performance
The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09. The firm's 50 day simple moving average is $45.83 and its 200-day simple moving average is $43.14. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 9.13 and a beta of 1.29.
Main Street Capital (NYSE:MAIN - Get Free Report) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. The company had revenue of $129.31 million for the quarter, compared to analysts' expectations of $125.52 million. On average, sell-side analysts predict that Main Street Capital Co. will post 4.07 EPS for the current year.
Main Street Capital Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.30 per share. This is a boost from Main Street Capital's previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. This represents a dividend yield of 8.37%. Main Street Capital's payout ratio is presently 55.17%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. NBC Securities Inc. lifted its position in Main Street Capital by 6.7% in the fourth quarter. NBC Securities Inc. now owns 3,686 shares of the financial services provider's stock valued at $159,000 after buying an additional 233 shares during the last quarter. Capital Investment Advisors LLC lifted its position in Main Street Capital by 0.5% in the fourth quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider's stock valued at $2,262,000 after buying an additional 236 shares during the last quarter. Gradient Investments LLC increased its stake in Main Street Capital by 10.3% during the fourth quarter. Gradient Investments LLC now owns 2,661 shares of the financial services provider's stock worth $115,000 after purchasing an additional 248 shares during the period. Larson Financial Group LLC increased its stake in Main Street Capital by 0.6% during the fourth quarter. Larson Financial Group LLC now owns 40,973 shares of the financial services provider's stock worth $1,771,000 after purchasing an additional 263 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Main Street Capital by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 7,706 shares of the financial services provider's stock worth $313,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.
About Main Street Capital
(
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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.
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