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

Main Street Capital Co. (NYSE:MAIN - Get Free Report) shares rose 0.5% during mid-day trading on Monday . The company traded as high as $47.89 and last traded at $47.87. Approximately 87,418 shares traded hands during trading, a decline of 75% from the average daily volume of 352,973 shares. The stock had previously closed at $47.62.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MAIN. B. Riley downgraded 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 note on Monday, January 8th. 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 increased their target price on Main Street Capital from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Monday, January 22nd. UBS Group boosted their price target 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. Finally, Oppenheimer boosted their target price 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $45.50.

Main Street Capital Stock Up 1.1 %

The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 9.16 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a 50 day moving average price of $46.18 and a 200-day moving average price of $43.53.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its 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 company had revenue of $129.31 million during the quarter, compared to analyst estimates of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. As a group, equities analysts predict 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 paid a $0.30 dividend. This represents a yield of 8.37%. The ex-dividend date of this dividend was Tuesday, March 19th. This is an increase from Main Street Capital's previous dividend of $0.24. Main Street Capital's dividend payout ratio is presently 55.17%.

Institutional Trading of Main Street Capital

Hedge funds have recently added to or reduced their stakes in the business. Impact Partnership Wealth LLC boosted its holdings in shares of Main Street Capital by 562.3% in the third quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider's stock valued at $41,000 after buying an additional 849 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in 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 lifted its holdings in shares of Main Street Capital by 157.9% in the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 747 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of Main Street Capital during the fourth quarter worth about $72,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in Main Street Capital by 32.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 420 shares in the last quarter. Institutional investors and hedge funds 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.