Main Street Capital (NYSE:MAIN) Shares Down 0.3%

Shares of Main Street Capital Co. (NYSE:MAIN - Get Free Report) were down 0.3% during mid-day trading on Tuesday . The company traded as low as $47.42 and last traded at $47.47. Approximately 65,081 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 358,816 shares. The stock had previously closed at $47.60.

Wall Street Analyst Weigh In

MAIN has been the topic of a number of recent analyst reports. Truist Financial increased their price target 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 raised their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, March 1st. B. Riley cut Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price target on the stock. in a report on Monday, January 8th. Royal Bank of Canada lifted 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. Finally, Oppenheimer boosted their target price on Main Street Capital from $41.00 to $43.00 and gave the stock a "market perform" rating in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $45.50.

Main Street Capital Price Performance

The stock has a market capitalization of $4.05 billion, a P/E ratio of 9.13 and a beta of 1.29. The stock's fifty day moving average is $45.83 and its 200-day moving average is $43.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $129.31 million for the quarter, compared to analysts' expectations of $125.52 million. On average, equities analysts anticipate that Main Street Capital Co. will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its stake in Main Street Capital by 945.9% in the 3rd quarter. Citigroup Inc. now owns 638 shares of the financial services provider's stock worth $26,000 after purchasing an additional 577 shares in the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of Main Street Capital by 562.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 849 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Main Street Capital by 73.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 483 shares during the last quarter. Signaturefd LLC lifted its position in shares of Main Street Capital by 157.9% during the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 747 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Main Street Capital during the 4th quarter valued at $55,000. Institutional investors 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.