Main Street Capital Co. (NYSE:MAIN - Get Free Report) traded up 0.2% on Wednesday . The company traded as high as $46.86 and last traded at $46.77. 297,091 shares were traded during trading, a decline of 10% from the average session volume of 331,012 shares. The stock had previously closed at $46.68.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on MAIN shares. UBS Group upped 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 report on Monday, February 26th. Truist Financial increased their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a research report on Monday, February 26th. Royal Bank of Canada boosted their price objective on Main Street Capital from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Monday, January 22nd. Finally, B. Riley lowered Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 target price for the company. in a research report on Monday, January 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $45.50.
Check Out Our Latest Research Report on Main Street Capital
Main Street Capital Price Performance
The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The company has a fifty day moving average price of $46.03 and a 200 day moving average price of $43.38. The company has a market capitalization of $3.99 billion, a P/E ratio of 9.00 and a beta of 1.29.
Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. On average, sell-side analysts forecast that Main Street Capital Co. will post 4.07 EPS for the current fiscal 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 paid a $0.30 dividend. This is a boost from Main Street Capital's previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. This represents a dividend yield of 8.37%. Main Street Capital's dividend payout ratio is presently 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 raised its position in Main Street Capital by 250.7% in the second 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 in the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Main Street Capital in the 1st quarter worth approximately $9,889,000. Millennium Management LLC acquired a new stake in Main Street Capital during the fourth quarter valued at approximately $6,674,000. Two Sigma Investments LP bought a new stake in Main Street Capital during the third quarter worth approximately $5,518,000. Finally, Tudor Investment Corp Et Al acquired a new position in Main Street Capital in the third quarter worth approximately $6,538,000. 20.31% of the stock is currently owned by institutional investors.
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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