Main Street Capital (NYSE:MAIN) Trading Down 0%

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

Wall Street Analyst Weigh In

MAIN has been the subject of several research analyst reports. B. Riley downgraded shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research note on Monday, January 8th. Oppenheimer lifted their price objective on shares of 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. UBS Group boosted their target price 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. Truist Financial upped their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada raised their price objective on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.17.

Main Street Capital Price Performance

The company has a 50 day moving average of $46.89 and a 200 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. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 9.56 and a beta of 1.25.

Main Street Capital (NYSE:MAIN) 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 business had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. As a group, equities research analysts anticipate that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a $0.30 dividend. This represents a dividend yield of 8.37%. The ex-dividend date 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 (DPR) is 55.17%.

Institutional Trading of Main Street Capital

Several hedge funds and other institutional investors have recently made changes to their positions in MAIN. Wambolt & Associates LLC boosted its stake in Main Street Capital by 17.6% in the 1st quarter. Wambolt & Associates LLC now owns 79,392 shares of the financial services provider’s stock worth $3,725,000 after buying an additional 11,889 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Main Street Capital by 9.8% during the first quarter. Private Advisor Group LLC now owns 118,278 shares of the financial services provider’s stock valued at $5,596,000 after acquiring an additional 10,543 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Main Street Capital by 9.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 13,766 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 1,149 shares in the last quarter. Van ECK Associates Corp grew its holdings in Main Street Capital by 13.9% during the 1st quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock worth $47,726,000 after acquiring an additional 122,757 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in Main Street Capital by 7.1% in the first quarter. Perigon Wealth Management LLC now owns 8,320 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds 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.