Main Street Capital (NYSE:MAIN) Trading 0.5% Higher

Main Street Capital Co. (NYSE:MAINGet Free Report)’s share price traded up 0.5% on Wednesday . The company traded as high as $49.39 and last traded at $49.26. 81,136 shares were traded during mid-day trading, a decline of 77% from the average session volume of 360,422 shares. The stock had previously closed at $49.00.

Analysts Set New Price Targets

A number of analysts have commented on MAIN shares. Oppenheimer lifted their price target on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. B. Riley boosted their price objective on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Truist Financial boosted their price objective on Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, May 13th. UBS Group boosted their price objective on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada boosted their price objective on Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Five equities 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.com, Main Street Capital has a consensus rating of “Hold” and a consensus price target of $47.67.

View Our Latest Analysis on Main Street Capital

Main Street Capital Trading Up 0.4 %

The company has a 50 day simple moving average of $48.74 and a 200 day simple moving average of $45.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $4.23 billion, a PE ratio of 8.94 and a beta of 1.28.

Main Street Capital (NYSE:MAINGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $131.61 million during the quarter, compared to analyst estimates of $128.00 million. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. During the same period in the prior year, the business earned $1.02 earnings per share. Analysts anticipate that Main Street Capital Co. will post 4.06 earnings per share for the current year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 8th will be issued a $0.30 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Monday, July 8th. Main Street Capital’s dividend payout ratio is presently 52.55%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC acquired a new position in Main Street Capital during the first quarter worth $9,889,000. Tudor Investment Corp Et Al acquired a new stake in shares of Main Street Capital in the third quarter valued at $6,538,000. First Financial Bankshares Inc acquired a new stake in shares of Main Street Capital in the fourth quarter valued at $6,122,000. Confluence Investment Management LLC acquired a new stake in shares of Main Street Capital in the first quarter valued at $6,110,000. Finally, Van ECK Associates Corp raised its stake in shares of Main Street Capital by 13.9% in the first quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock valued at $47,726,000 after acquiring an additional 122,757 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Company Profile

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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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