Main Street Capital (NYSE:MAIN) Trading 0.1% Higher

Main Street Capital Co. (NYSE:MAIN - Get Free Report) was up 0.1% on Thursday . The company traded as high as $47.80 and last traded at $47.64. Approximately 68,723 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 357,580 shares. The stock had previously closed at $47.58.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MAIN shares. Oppenheimer increased their price target 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. Royal Bank of Canada increased their price objective on shares of 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 cut shares of 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. UBS Group raised their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Finally, Truist Financial raised their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a "hold" rating in a research report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.50.

Main Street Capital Stock Performance

The company's 50-day simple moving average is $45.93 and its 200 day simple moving average is $43.20. 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 stock has a market cap of $4.06 billion, a P/E ratio of 9.16 and a beta of 1.29.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its earnings results 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 net margin of 85.62% and a return on equity of 14.99%. The firm had revenue of $129.31 million for the quarter, compared to analysts' expectations of $125.52 million. As a group, sell-side analysts expect that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The company 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. The ex-dividend date 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 dividend payout ratio (DPR) is currently 55.17%.

Institutional Investors Weigh In On Main Street Capital

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in Main Street Capital by 250.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,501,374 shares of the financial services provider's stock valued at $96,378,000 after buying an additional 1,788,197 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in Main Street Capital in the 1st quarter valued at approximately $9,889,000. Millennium Management LLC purchased a new position in Main Street Capital in the 4th quarter valued at approximately $6,674,000. Two Sigma Investments LP purchased a new position in Main Street Capital in the 3rd quarter valued at approximately $5,518,000. Finally, Tudor Investment Corp Et Al purchased a new position in Main Street Capital in the 3rd quarter valued at approximately $6,538,000. Hedge funds and other institutional investors 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.