Main Street Capital (NYSE:MAIN) Shares Up 0.2%

Main Street Capital Co. (NYSE:MAIN - Get Free Report) rose 0.2% during mid-day trading on Thursday . The stock traded as high as $47.14 and last traded at $47.06. Approximately 48,668 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 354,762 shares. The stock had previously closed at $46.96.

Wall Street Analyst Weigh In

MAIN has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price objective on Main Street Capital from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. Truist Financial upped their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, February 26th. Oppenheimer lifted their price objective on shares of 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. 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, UBS Group lifted their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Five 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, the stock has an average rating of "Hold" and a consensus price target of $45.50.

Main Street Capital Stock Performance

The company's fifty day simple moving average is $46.07 and its two-hundred day simple moving average is $43.40. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 9.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly 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. The business had revenue of $129.31 million for 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%. Equities research analysts predict 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 declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were issued a $0.30 dividend. This represents a dividend yield of 8.37%. This is an increase from Main Street Capital's previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital's payout ratio is 55.17%.

Institutional Trading of Main Street Capital

Several institutional investors have recently added to or reduced their stakes in MAIN. DNB Asset Management AS raised its position in shares of Main Street Capital by 71.7% during the 4th quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider's stock worth $3,779,000 after purchasing an additional 36,498 shares during the period. SS&H Financial Advisors Inc. bought a new position in shares of Main Street Capital during the third quarter worth about $821,000. Van ECK Associates Corp grew its position in shares of Main Street Capital by 12.4% during the third quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider's stock worth $32,709,000 after acquiring an additional 88,802 shares during the last quarter. SMH Capital Advisors Inc. bought a new stake in Main Street Capital in the 3rd quarter valued at about $738,000. Finally, Tudor Investment Corp Et Al acquired a new position in Main Street Capital during the 3rd quarter valued at about $6,538,000. Institutional investors own 20.31% of the company's stock.

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.