Main Street Capital (NYSE:MAIN) Trading 0.7% Higher

Main Street Capital Co. (NYSE:MAIN - Get Free Report) traded up 0.7% on Tuesday . The stock traded as high as $48.59 and last traded at $48.51. 72,364 shares changed hands during trading, a decline of 79% from the average session volume of 352,169 shares. The stock had previously closed at $48.16.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MAIN. UBS Group raised their price objective 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. Oppenheimer upped their price objective 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 objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company 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 price target for the company. in a report on Monday, January 8th. Finally, Royal Bank of Canada raised 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $45.50.

Main Street Capital Stock Performance

The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 9.33 and a beta of 1.29. The stock has a 50 day moving average of $46.34 and a 200 day moving average of $43.66. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued 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. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. The business had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. As a group, analysts predict that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were given a $0.30 dividend. This represents a yield of 8.37%. This is a positive change from Main Street Capital's previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. Main Street Capital's payout ratio is presently 55.17%.

Institutional Investors Weigh In On Main Street Capital

A number of hedge funds have recently added to or reduced their stakes in the company. Sanders Morris Harris LLC bought a new position in Main Street Capital in the 1st quarter valued at about $9,889,000. Tudor Investment Corp Et Al purchased a new stake in shares of Main Street Capital in the third quarter worth approximately $6,538,000. First Financial Bankshares Inc purchased a new position in shares of Main Street Capital during the fourth quarter valued at approximately $6,122,000. Confluence Investment Management LLC bought a new stake in Main Street Capital during the first quarter worth $6,110,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Main Street Capital in the 4th quarter valued at $4,884,000. 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.