Main Street Capital (NYSE:MAIN) Shares Up 0.4%

Main Street Capital Co. (NYSE:MAIN - Get Free Report) shares traded up 0.4% during mid-day trading on Friday . The company traded as high as $47.02 and last traded at $46.95. 82,920 shares traded hands during trading, a decline of 77% from the average session volume of 362,533 shares. The stock had previously closed at $46.77.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. B. Riley cut Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price objective on the stock. in a report on Monday, January 8th. Oppenheimer increased their price objective on Main Street Capital from $41.00 to $43.00 and gave the stock a "market perform" rating in a report on Monday, February 26th. UBS Group increased their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, March 1st. Truist Financial increased their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, February 26th. Finally, Royal Bank of Canada increased their price objective on Main Street Capital from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Monday, January 22nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $45.50.

Main Street Capital Trading Up 0.6 %

The firm has a fifty day simple moving average of $45.75 and a two-hundred day simple moving average of $43.00. The stock has a market cap of $4.02 billion, a PE ratio of 9.06 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.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings results 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 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 analysts expect that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Main Street Capital's previous dividend of $0.24. This represents a dividend yield of 8.37%. Main Street Capital's dividend payout ratio is 55.17%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors have recently modified their holdings of MAIN. 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 position in Main Street Capital during the 4th quarter worth approximately $6,674,000. Two Sigma Investments LP bought a new position in Main Street Capital during the 3rd quarter worth approximately $5,518,000. Tudor Investment Corp Et Al bought a new position in Main Street Capital during the 3rd quarter worth approximately $6,538,000. Finally, First Financial Bankshares Inc bought a new position in Main Street Capital during the 4th quarter worth approximately $6,122,000. 20.31% of the stock is currently owned by institutional investors.

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.