Main Street Capital (NYSE:MAIN) Shares Up 0.5%

Main Street Capital Co. (NYSE:MAIN - Get Free Report) shot up 0.5% during mid-day trading on Monday . The company traded as high as $47.65 and last traded at $47.18. 112,483 shares were traded during mid-day trading, a decline of 69% from the average session volume of 357,189 shares. The stock had previously closed at $46.94.

Analyst Ratings Changes

A number of brokerages have issued reports on MAIN. UBS Group boosted their target price 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. Oppenheimer boosted their target price on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a "market perform" rating in a research note on Monday, February 26th. Truist Financial boosted their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, February 26th. B. Riley downgraded shares of Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 target price for the company. in a research note on Monday, January 8th. Finally, Royal Bank of Canada upped their price objective on shares of Main Street Capital from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Monday, January 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $45.50.

Main Street Capital Stock Down 0.6 %

The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 8.94 and a beta of 1.29. The firm's 50 day moving average price is $45.96 and its two-hundred day moving average price is $43.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping 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 net margin of 85.62% and a return on equity of 14.99%. As a group, sell-side analysts forecast that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This is a boost from Main Street Capital's previous dividend of $0.24. This represents a yield of 8.37%. Main Street Capital's dividend payout ratio (DPR) is 55.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MAIN. Citigroup Inc. increased its holdings in Main Street Capital by 945.9% in the third quarter. Citigroup Inc. now owns 638 shares of the financial services provider's stock valued at $26,000 after buying an additional 577 shares in the last quarter. Impact Partnership Wealth LLC increased its stake in shares of Main Street Capital by 562.3% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider's stock worth $41,000 after purchasing an additional 849 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Main Street Capital by 73.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider's stock worth $49,000 after purchasing an additional 483 shares in the last quarter. Signaturefd LLC increased its stake in shares of Main Street Capital by 157.9% during the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider's stock worth $50,000 after purchasing an additional 747 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Main Street Capital during the 4th quarter worth approximately $55,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

About Main Street Capital

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.