Main Street Capital (NYSE:MAIN) Shares Up 0.6%

Shares of Main Street Capital Co. (NYSE:MAIN - Get Free Report) shot up 0.6% on Tuesday . The stock traded as high as $51.08 and last traded at $50.96. 144,088 shares were traded during trading, a decline of 59% from the average session volume of 347,829 shares. The stock had previously closed at $50.64.

Analyst Upgrades and Downgrades

Several research firms have commented on MAIN. B. Riley cut Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 target price on the stock. in a research note on Monday, January 8th. UBS Group raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Oppenheimer increased 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 note on Monday, February 26th. Truist Financial lifted their target price on Main Street Capital from $43.00 to $45.00 and gave the company a "hold" rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada increased their price target on Main Street Capital from $48.00 to $52.00 and gave the company an "outperform" rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $46.17.

Main Street Capital Price Performance

The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $47.26 and a 200 day moving average of $44.35. The firm has a market cap of $4.31 billion, a P/E ratio of 9.71 and a beta of 1.25.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its 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. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The company had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. On average, sell-side analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current 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 paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a yield of 8.37%. This is a positive change from Main Street Capital's previous dividend of $0.24. Main Street Capital's dividend payout ratio is 55.17%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently made changes to their positions in MAIN. NorthRock Partners LLC acquired a new position in Main Street Capital in the 1st quarter valued at $241,000. Concurrent Investment Advisors LLC raised its stake in Main Street Capital by 17.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 10,604 shares of the financial services provider's stock worth $502,000 after purchasing an additional 1,564 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Main Street Capital in the 1st quarter valued at about $475,000. Tectonic Advisors LLC grew its position in shares of Main Street Capital by 6.9% during the 1st quarter. Tectonic Advisors LLC now owns 133,650 shares of the financial services provider's stock worth $6,323,000 after purchasing an additional 8,626 shares in the last quarter. Finally, MGB Wealth Management LLC raised its position in shares of Main Street Capital by 1.8% in the first quarter. MGB Wealth Management LLC now owns 41,559 shares of the financial services provider's stock valued at $1,966,000 after buying an additional 740 shares in the last quarter. Institutional investors and hedge funds 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.