Main Street Capital (NYSE:MAIN) Trading 1.1% Higher

Main Street Capital Co. (NYSE:MAIN) shot up 1.1% during mid-day trading on Thursday . The company traded as high as $47.36 and last traded at $47.31. 103,914 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 359,062 shares. The stock had previously closed at $46.78.

Analyst Ratings Changes

MAIN has been the topic of a number of research reports. Oppenheimer boosted their target price 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. Truist Financial upped 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 report on Monday, February 26th. UBS Group upped their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada raised their price target on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Finally, B. Riley downgraded Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and a consensus target price of $45.50.

Main Street Capital Stock Performance

The company has a 50-day moving average of $45.46 and a 200 day moving average of $42.71. The firm has a market capitalization of $4.02 billion, a PE ratio of 9.06 and a beta of 1.28. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14.

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 (EPS) 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 company had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $125.52 million. Equities research analysts predict that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

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

Institutional Trading of Main Street Capital

A number of hedge funds have recently modified their holdings of MAIN. Citigroup Inc. grew its stake in shares of Main Street Capital by 945.9% in the third quarter. Citigroup Inc. now owns 638 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 577 shares during the period. Impact Partnership Wealth LLC lifted its holdings in Main Street Capital by 562.3% during the third 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 in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of 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 lifted its stake in shares of Main Street Capital by 157.9% during the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after buying an additional 747 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in Main Street Capital in the 4th quarter worth $55,000. Institutional investors 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.