NYSE:MAIN - Get Free Report )'s share price shot up 0.6% on Thursday after the company announced a dividend. The stock traded as high as $50.98 and last traded at $50.95. 61,958 shares traded hands during trading, a decline of 82% from the average session volume of 346,193 shares. The stock had previously closed at $50.63.
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The newly announced dividend which will be paid on Friday, September 13th. Investors of record on Friday, September 6th will be paid a $0.245 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend is Friday, September 6th. Main Street Capital's dividend payout ratio (DPR) is presently 55.17%.
Analysts Set New Price Targets MAIN has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the company an "outperform" rating in a report on Tuesday, April 30th. UBS Group upped their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, March 1st. Truist Financial upped their price target 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. Finally, Oppenheimer boosted their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a "market perform" rating in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $46.17.
Check Out Our Latest Analysis on Main Street Capital
Main Street Capital Stock Up 0.3 % 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 company has a market cap of $4.31 billion, a PE ratio of 9.74 and a beta of 1.25. The business has a 50-day simple moving average of $47.37 and a 200-day simple moving average of $44.40.
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 analysts' consensus estimates 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 company had revenue of $129.31 million for the quarter, compared to the consensus estimate of $125.52 million. Equities research analysts anticipate that Main Street Capital Co. will post 4.07 EPS for the current year.
Institutional Trading of Main Street Capital Several institutional investors and hedge funds have recently bought and sold shares of MAIN. Price T Rowe Associates Inc. MD raised its stake in shares of Main Street Capital by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,435,508 shares of the financial services provider's stock valued at $148,518,000 after acquiring an additional 71,698 shares during the period. Burgundy Asset Management Ltd. lifted its stake in Main Street Capital by 5.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,073,767 shares of the financial services provider's stock worth $46,419,000 after acquiring an additional 53,232 shares in the last quarter. Van ECK Associates Corp increased its stake in Main Street Capital by 13.9% during the first quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider's stock worth $47,726,000 after purchasing an additional 122,757 shares during the period. Legal & General Group Plc lifted its holdings in Main Street Capital by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 588,490 shares of the financial services provider's stock worth $23,902,000 after buying an additional 8,091 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Main Street Capital by 2.2% during the first quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider's stock worth $17,021,000 after acquiring an additional 7,790 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.
About Main Street Capital (
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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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