Main Street Capital (NYSE:MAIN) Releases Q1 Earnings Guidance

Main Street Capital (NYSE:MAIN - Get Free Report) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.04-$1.06 for the period, compared to the consensus EPS estimate of $1.02.

Main Street Capital Price Performance

Shares of MAIN stock traded up $0.09 during mid-day trading on Tuesday, hitting $46.77. 296,952 shares of the stock traded hands, compared to its average volume of 360,428. Main Street Capital has a twelve month low of $37.70 and a twelve month high of $47.82. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 8.96 and a beta of 1.29. The company's 50-day simple moving average is $46.00 and its 200-day simple moving average is $43.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $129.31 million for the quarter, compared to analysts' expectations of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. As a group, equities research analysts expect that Main Street Capital will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. This is an increase 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 currently 55.17%.

Analyst Upgrades and Downgrades

MAIN has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Main Street Capital from $43.00 to $45.00 and gave the company a hold rating in a report on Monday, February 26th. Royal Bank of Canada lifted their price target on Main Street Capital from $46.00 to $48.00 and gave the company an outperform rating in a report on Monday, January 22nd. 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 report on Monday, January 8th. Oppenheimer lifted 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. Finally, UBS Group lifted their price objective 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. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $45.50.

Institutional Trading of Main Street Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new stake in shares of Main Street Capital in the first quarter worth about $202,000. Goldman Sachs Group Inc. bought a new position in Main Street Capital during the first quarter valued at about $201,000. Comerica Bank increased its stake in Main Street Capital by 8.2% during the fourth quarter. Comerica Bank now owns 4,471 shares of the financial services provider's stock valued at $193,000 after acquiring an additional 339 shares during the period. Money Concepts Capital Corp increased its stake in Main Street Capital by 4,989.5% during the fourth quarter. Money Concepts Capital Corp now owns 4,835 shares of the financial services provider's stock valued at $179,000 after acquiring an additional 4,740 shares during the period. Finally, BNP Paribas Arbitrage SNC increased its stake in Main Street Capital by 1,835.3% during the first quarter. BNP Paribas Arbitrage SNC now owns 3,561 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 3,377 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.

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.