Main Street Capital (NYSE:MAIN) Trading Up 0.6%

Shares of Main Street Capital Co. (NYSE:MAIN) rose 0.6% on Friday . The company traded as high as $50.35 and last traded at $50.19. Approximately 75,922 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 346,665 shares. The stock had previously closed at $49.89.

Wall Street Analyst Weigh In

MAIN has been the topic of several research reports. Truist Financial boosted 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. 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 report on Monday, January 8th. Royal Bank of Canada boosted 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. Oppenheimer raised their price objective on 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. Finally, UBS Group boosted their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and a consensus target price of $46.17.

Main Street Capital Stock Up 1.0 %

The firm has a market cap of $4.28 billion, a PE ratio of 9.65 and a beta of 1.25. The company has a 50-day simple moving average of $47.07 and a 200-day simple moving average of $44.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick 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 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The company had revenue of $129.31 million for the quarter, compared to the consensus estimate of $125.52 million. Analysts expect 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 disclosed 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 is a positive change from Main Street Capital’s previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a yield of 8.37%. Main Street Capital’s dividend payout ratio (DPR) is presently 55.17%.

Hedge Funds Weigh In On Main Street Capital

Hedge funds have recently added to or reduced their stakes in the stock. LifeSteps Financial Inc. bought a new position in Main Street Capital in the first quarter worth approximately $35,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Main Street Capital by 73.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after buying an additional 483 shares during the period. Signaturefd LLC raised its holdings in shares of Main Street Capital by 157.9% in the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 747 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Main Street Capital in the fourth quarter worth about $72,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in Main Street Capital by 32.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 420 shares during the period. 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.