Main Street Capital Co. (NYSE:MAIN - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $50.70 and last traded at $50.70, with a volume of 2619 shares traded. The stock had previously closed at $50.37.
Wall Street Analysts Forecast Growth
Several research firms recently commented on MAIN. Oppenheimer increased their price objective on Main Street Capital from $41.00 to $43.00 and gave the company a "market perform" rating in a research report on Monday, February 26th. Truist Financial upped their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, February 26th. UBS Group upped their price target on Main Street Capital from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Royal Bank of Canada raised their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 30th. Finally, B. Riley cut Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price objective for the company. in a research note on Monday, January 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $46.17.
View Our Latest Research Report on Main Street Capital
Main Street Capital Trading Up 1.1 %
The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.33 billion, a PE ratio of 9.75 and a beta of 1.25. The business's 50-day moving average is $47.17 and its two-hundred day moving average is $44.27.
Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly 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. The firm had revenue of $129.31 million during the quarter, compared to analysts' expectations of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. On average, analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.
Main Street Capital Increases Dividend
The business also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.30 per share. This is a positive change from Main Street Capital's previous dividend of $0.24. This represents a yield of 8.37%. The ex-dividend date was Tuesday, March 19th. Main Street Capital's dividend payout ratio is presently 55.17%.
Hedge Funds Weigh In On Main Street Capital
Several hedge funds have recently bought and sold shares of the company. MGB Wealth Management LLC boosted its position in Main Street Capital by 1.8% during the first quarter. MGB Wealth Management LLC now owns 41,559 shares of the financial services provider's stock worth $1,966,000 after acquiring an additional 740 shares during the last quarter. Wambolt & Associates LLC lifted its stake in shares of Main Street Capital by 17.6% during the first quarter. Wambolt & Associates LLC now owns 79,392 shares of the financial services provider's stock worth $3,725,000 after purchasing an additional 11,889 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Main Street Capital by 9.8% in the first quarter. Private Advisor Group LLC now owns 118,278 shares of the financial services provider's stock valued at $5,596,000 after buying an additional 10,543 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Main Street Capital by 9.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 13,766 shares of the financial services provider's stock valued at $651,000 after buying an additional 1,149 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Main Street Capital by 13.9% during the first quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider's stock valued at $47,726,000 after purchasing an additional 122,757 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.
About Main Street Capital
(
Get Free Report)
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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