Main Street Capital (NYSE:MAIN) Trading Up 0.4%

Main Street Capital Co. (NYSE:MAIN) shares were up 0.4% during trading on Wednesday . The company traded as high as $46.82 and last traded at $46.59. Approximately 104,569 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 360,138 shares. The stock had previously closed at $46.40.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MAIN shares. UBS Group lifted their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Truist Financial lifted their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, February 26th. Oppenheimer increased their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. Royal Bank of Canada boosted their target price on shares of Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, 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 research report on Monday, January 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.50.

Main Street Capital Trading Up 1.1 %

The firm’s 50 day simple moving average is $45.53 and its two-hundred day simple moving average is $42.74. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.02 billion, a P/E ratio of 9.06 and a beta of 1.28.

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, beating 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 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 predict that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its holdings in shares of Main Street Capital by 945.9% during the third quarter. Citigroup Inc. now owns 638 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 577 shares during the period. Impact Partnership Wealth LLC lifted its position in Main Street Capital by 562.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 849 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Main Street Capital by 73.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 483 shares during the period. Signaturefd LLC grew its position in Main Street Capital by 157.9% in the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 747 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Main Street Capital in the fourth quarter valued at approximately $55,000. 20.31% of the stock is currently owned by institutional investors.

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.