Main Street Capital (NYSE:MAIN) Trading 0% Higher

Main Street Capital Co. (NYSE:MAIN - Get Free Report)'s stock price shot up 0% during trading on Wednesday . The stock traded as high as $48.86 and last traded at $48.70. 52,481 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 351,473 shares. The stock had previously closed at $48.69.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAIN. Royal Bank of Canada increased their price target on Main Street Capital from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Monday, January 22nd. UBS Group raised their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. B. Riley cut 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. Oppenheimer raised their target price on 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. Finally, Truist Financial raised their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, February 26th. Five research 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 stock presently has an average rating of "Hold" and a consensus target price of $45.50.

Main Street Capital Stock Performance

The stock has a market capitalization of $4.15 billion, a PE ratio of 9.35 and a beta of 1.29. The stock has a fifty day moving average of $46.43 and a 200-day moving average of $43.69. 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 announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 14.99% and a net margin of 85.62%. Equities analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. This represents a 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

A number of institutional investors have recently bought and sold shares of the business. DNB Asset Management AS lifted its holdings in shares of Main Street Capital by 71.7% in the 4th quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider's stock valued at $3,779,000 after purchasing an additional 36,498 shares during the last quarter. SS&H Financial Advisors Inc. purchased a new stake in shares of Main Street Capital in the 3rd quarter valued at about $821,000. Van ECK Associates Corp lifted its holdings in shares of Main Street Capital by 12.4% in the 3rd quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider's stock valued at $32,709,000 after purchasing an additional 88,802 shares during the last quarter. SMH Capital Advisors Inc. purchased a new stake in shares of Main Street Capital in the 3rd quarter valued at about $738,000. Finally, Tudor Investment Corp Et Al purchased a new stake in shares of Main Street Capital in the 3rd quarter valued at about $6,538,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

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.