Main Street Capital (NYSE:MAIN) Trading Down 0.1%

Main Street Capital Co. (NYSE:MAIN) was down 0.1% during mid-day trading on Tuesday . The stock traded as low as $46.10 and last traded at $46.64. Approximately 116,061 shares were traded during trading, a decline of 68% from the average daily volume of 357,745 shares. The stock had previously closed at $46.68.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MAIN shares. UBS Group boosted 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. Royal Bank of Canada boosted their price objective on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. Truist Financial boosted their price objective 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. B. Riley cut shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research note on Monday, January 8th. Finally, Oppenheimer boosted 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.50.

Main Street Capital Trading Up 0.4 %

The business’s 50-day moving average is $46.07 and its two-hundred day moving average is $43.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.99 billion, a PE ratio of 9.00 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results 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 analysts’ expectations of $125.52 million. On average, analysts predict that Main Street Capital Co. will post 4.07 earnings per share for the current year.

Main Street Capital Increases Dividend

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

Hedge Funds Weigh In On Main Street Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DNB Asset Management AS boosted its position in Main Street Capital by 71.7% in the 4th quarter. DNB Asset Management AS now owns 87,406 shares of the financial services provider’s stock valued at $3,779,000 after buying an additional 36,498 shares during the last quarter. SS&H Financial Advisors Inc. purchased a new position in Main Street Capital in the 3rd quarter valued at about $821,000. Van ECK Associates Corp boosted its position in Main Street Capital by 12.4% in the 3rd quarter. Van ECK Associates Corp now owns 805,063 shares of the financial services provider’s stock valued at $32,709,000 after buying an additional 88,802 shares during the last quarter. SMH Capital Advisors Inc. purchased a new position in Main Street Capital in the 3rd quarter valued at about $738,000. Finally, Tudor Investment Corp Et Al purchased a new position in Main Street Capital in the 3rd quarter valued at about $6,538,000. 20.31% of the stock is owned by hedge funds and other 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.