Main Street Capital (NYSE:MAIN) Shares Down 0.5%

Main Street Capital Co. (NYSE:MAIN) was down 0.5% during mid-day trading on Thursday . The stock traded as low as $49.90 and last traded at $49.90. Approximately 83,286 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 347,764 shares. The stock had previously closed at $50.15.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MAIN. B. Riley cut shares of 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. UBS Group raised their price target on 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 boosted their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, February 26th. Royal Bank of Canada raised their target price on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Oppenheimer lifted their target price on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Main Street Capital presently has an average rating of “Hold” and a consensus price target of $46.17.

Main Street Capital Stock Down 0.7 %

The company has a market cap of $4.23 billion, a P/E ratio of 9.56 and a beta of 1.25. The stock has a 50-day moving average of $46.89 and a two-hundred day moving average of $44.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share 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 firm had revenue of $129.31 million during the quarter, compared to analyst estimates of $125.52 million. On average, research analysts anticipate that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.30 per share. This is a boost from Main Street Capital’s previous dividend of $0.24. This represents a dividend yield of 8.37%. The ex-dividend date was Tuesday, March 19th. Main Street Capital’s dividend payout ratio (DPR) is 55.17%.

Institutional Trading of Main Street Capital

Several hedge funds and other institutional investors have recently bought and sold shares of MAIN. Taylor Frigon Capital Management LLC grew its position in shares of Main Street Capital by 0.6% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 40,320 shares of the financial services provider’s stock worth $1,908,000 after buying an additional 232 shares during the last quarter. NBC Securities Inc. increased its position in Main Street Capital by 6.7% during the 4th quarter. NBC Securities Inc. now owns 3,686 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 233 shares during the period. Global Retirement Partners LLC lifted its position in shares of Main Street Capital by 4.7% in the 1st quarter. Global Retirement Partners LLC now owns 5,211 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 235 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of Main Street Capital by 0.5% during the 4th quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider’s stock valued at $2,262,000 after purchasing an additional 236 shares in the last quarter. Finally, Gradient Investments LLC increased its position in shares of Main Street Capital by 10.3% during the fourth quarter. Gradient Investments LLC now owns 2,661 shares of the financial services provider’s stock valued at $115,000 after buying an additional 248 shares during the period. Institutional investors own 20.31% of the company’s stock.

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.