Main Street Capital (NYSE:MAIN) Stock Price Down 0.1%

Main Street Capital Co. (NYSE:MAIN - Get Free Report)'s stock price fell 0.1% on Tuesday . The company traded as low as $46.10 and last traded at $46.64. 116,061 shares changed hands during trading, a decline of 68% from the average session volume of 357,745 shares. The stock had previously closed at $46.68.

Analyst Ratings Changes

A number of research firms have weighed in on MAIN. Royal Bank of Canada upped their price target on Main Street Capital from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday, January 22nd. B. Riley downgraded Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price target for the company. in a research report on Monday, January 8th. Truist Financial upped their price objective 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 upped their price objective 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. Finally, Oppenheimer upped their price objective 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. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Main Street Capital currently has a consensus rating of "Hold" and an average target price of $45.50.

Main Street Capital Trading Up 0.2 %

The business has a 50 day moving average of $46.00 and a two-hundred day moving average of $43.33. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.97 billion, a P/E ratio of 8.96 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, beating analysts' consensus estimates 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 business had revenue of $129.31 million for the quarter, compared to analysts' expectations of $125.52 million. Analysts predict that Main Street Capital Co. will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

The firm 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. This represents a yield of 8.37%. The ex-dividend date of this dividend was Tuesday, March 19th. This is a boost from Main Street Capital's previous dividend of $0.24. Main Street Capital's dividend payout ratio is 55.17%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Register Financial Advisors LLC increased its position in Main Street Capital by 19.9% during the 1st quarter. Register Financial Advisors LLC now owns 2,712 shares of the financial services provider's stock worth $128,000 after buying an additional 450 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Main Street Capital by 1.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 43,538 shares of the financial services provider's stock worth $2,060,000 after buying an additional 492 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Main Street Capital by 2.2% during the 1st quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider's stock worth $17,021,000 after purchasing an additional 7,790 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of Main Street Capital during the 1st quarter worth $9,889,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of Main Street Capital during the 1st quarter worth $6,110,000. 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.