Main Street Capital Co. (NYSE:MAIN - Get Free Report) shot up 0% on Monday . The company traded as high as $47.42 and last traded at $47.34. 85,547 shares changed hands during trading, a decline of 76% from the average session volume of 360,829 shares. The stock had previously closed at $47.32.
Analyst Ratings Changes
A number of research firms have weighed in on MAIN. 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 note on Friday, March 1st. Oppenheimer lifted their price target on Main Street Capital from $41.00 to $43.00 and gave the company a "market perform" rating in a research note 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 research note on Monday, January 22nd. B. Riley lowered Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price target for the company. in a research note on Monday, January 8th. Finally, 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 research note 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $45.50.
View Our Latest Analysis on Main Street Capital
Main Street Capital Trading Up 0.6 %
The company has a 50 day simple moving average of $45.79 and a 200 day simple moving average of $43.09. 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 company has a market capitalization of $4.05 billion, a PE ratio of 9.12 and a beta of 1.29.
Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The company had revenue of $129.31 million during the quarter, compared to analyst estimates of $125.52 million. Analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current year.
Main Street Capital Increases Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were paid 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 payout ratio is 55.17%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in MAIN. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 purchasing an additional 1,788,197 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Main Street Capital during the 4th quarter worth approximately $6,674,000. Two Sigma Investments LP acquired a new position in shares of Main Street Capital during the 3rd quarter worth approximately $5,518,000. Tudor Investment Corp Et Al acquired a new position in shares of Main Street Capital during the 3rd quarter worth approximately $6,538,000. Finally, First Financial Bankshares Inc acquired a new position in shares of Main Street Capital during the 4th quarter worth approximately $6,122,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.
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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