Main Street Capital (NYSE:MAIN) Stock Price Down 0%

Main Street Capital Co. (NYSE:MAIN - Get Free Report) was down 0% during trading on Tuesday . The company traded as low as $49.59 and last traded at $49.70. Approximately 79,438 shares traded hands during trading, a decline of 77% from the average daily volume of 348,597 shares. The stock had previously closed at $49.71.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAIN. 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 research note on Friday, March 1st. B. Riley lowered Main Street Capital from a "buy" rating to a "neutral" rating and set a $47.00 price target on the stock. in a research note on Monday, January 8th. Truist Financial lifted their price objective 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. Royal Bank of Canada increased their target price on Main Street Capital from $48.00 to $52.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Oppenheimer raised their price target 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $46.17.

Main Street Capital Price Performance

The company has a 50 day simple moving average of $46.78 and a 200 day simple moving average of $43.98. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 9.50 and a beta of 1.29. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $125.52 million. As a group, research analysts predict that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.30 per share. This is an increase from Main Street Capital's previous dividend of $0.24. This represents a yield of 8.37%. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital's payout ratio is currently 55.17%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Main Street Capital by 2.1% during the fourth 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 purchasing an additional 71,698 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Main Street Capital by 5.2% in 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 buying an additional 53,232 shares in the last quarter. Van ECK Associates Corp boosted its position in Main Street Capital by 13.9% in the 1st quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider's stock valued at $47,726,000 after buying an additional 122,757 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Main Street Capital by 1.4% during the third quarter. Legal & General Group Plc now owns 588,490 shares of the financial services provider's stock valued at $23,902,000 after acquiring an additional 8,091 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake 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 valued at $17,021,000 after acquiring an additional 7,790 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Company Profile

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.