Shares of Main Street Capital Co. (NYSE:MAIN - Get Free Report) traded up 0.7% during trading on Friday . The company traded as high as $49.20 and last traded at $49.02. 86,461 shares were traded during mid-day trading, a decline of 75% from the average session volume of 348,654 shares. The stock had previously closed at $48.68.
Analysts Set New Price Targets
Several research firms have issued reports on MAIN. Royal Bank of Canada increased their target price on shares of Main Street Capital from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. Oppenheimer lifted their price objective on 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. Truist Financial upped 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. UBS Group lifted their price target 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. Finally, B. Riley cut shares of Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price objective on the stock. in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.50.
Read Our Latest Stock Analysis on Main Street Capital
Main Street Capital Stock Up 0.9 %
The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50-day moving average of $46.50 and a two-hundred day moving average of $43.73. The company has a market cap of $4.18 billion, a P/E ratio of 9.41 and a beta of 1.29.
Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share 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 during the quarter, compared to the consensus estimate of $125.52 million. On average, research analysts anticipate that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.
Main Street Capital Increases Dividend
The business also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were given a dividend of $0.30 per share. 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 dividend payout ratio (DPR) is presently 55.17%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in MAIN. Taylor Frigon Capital Management LLC raised its holdings in shares of Main Street Capital by 0.6% during the first quarter. Taylor Frigon Capital Management LLC now owns 40,320 shares of the financial services provider's stock valued at $1,908,000 after acquiring an additional 232 shares in the last quarter. NBC Securities Inc. raised its holdings in Main Street Capital by 6.7% in the 4th quarter. NBC Securities Inc. now owns 3,686 shares of the financial services provider's stock worth $159,000 after purchasing an additional 233 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Main Street Capital by 4.7% in the 1st quarter. Global Retirement Partners LLC now owns 5,211 shares of the financial services provider's stock worth $247,000 after purchasing an additional 235 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of Main Street Capital by 0.5% during the 4th quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider's stock valued at $2,262,000 after purchasing an additional 236 shares in the last quarter. Finally, Gradient Investments LLC increased its position in shares of Main Street Capital by 10.3% during the fourth quarter. Gradient Investments LLC now owns 2,661 shares of the financial services provider's stock valued at $115,000 after buying an additional 248 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.
Main Street Capital Company Profile
(
Get Free Report)
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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