Main Street Capital Co. (NYSE:MAIN - Get Free Report)'s share price rose 0.7% during mid-day trading on Thursday . The stock traded as high as $47.48 and last traded at $47.47. Approximately 81,266 shares traded hands during trading, a decline of 78% from the average daily volume of 361,752 shares. The stock had previously closed at $47.12.
Analyst Ratings Changes
MAIN has been the subject of several research 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. UBS Group boosted their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, March 1st. Royal Bank of Canada lifted their price target on 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 downgraded Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price target on the stock. in a research report on Monday, January 8th. Finally, Oppenheimer lifted their price target on 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $45.50.
Read Our Latest Stock Report on Main Street Capital
Main Street Capital Price Performance
The firm has a market capitalization of $3.99 billion, a P/E ratio of 9.00 and a beta of 1.29. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $45.72 and a 200-day moving average of $42.96.
Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, beating 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 return on equity of 14.99% and a net margin of 85.62%. 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 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. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a dividend yield of 8.37%. This is a boost from Main Street Capital's previous dividend of $0.24. Main Street Capital's payout ratio is 55.17%.
Hedge Funds Weigh In On Main Street Capital
Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in Main Street Capital by 250.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,501,374 shares of the financial services provider's stock worth $96,378,000 after acquiring an additional 1,788,197 shares during the last quarter. Millennium Management LLC bought a new stake in Main Street Capital during the 4th quarter worth $6,674,000. Two Sigma Investments LP bought a new stake in Main Street Capital during the 3rd quarter worth $5,518,000. Tudor Investment Corp Et Al bought a new stake in shares of Main Street Capital in the 3rd quarter valued at about $6,538,000. Finally, First Financial Bankshares Inc bought a new stake in shares of Main Street Capital in the 4th quarter valued at about $6,122,000. Institutional investors and hedge funds own 20.31% of the company's stock.
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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