Main Street Capital (NYSE:MAIN) Stock Price Down 0.1%

Main Street Capital Co. (NYSE:MAIN) fell 0.1% during mid-day trading on Wednesday . The company traded as low as $48.88 and last traded at $48.95. 50,831 shares changed hands during trading, a decline of 86% from the average session volume of 360,259 shares. The stock had previously closed at $49.00.

Wall Street Analysts Forecast Growth

MAIN has been the subject of a number of research analyst reports. Oppenheimer lifted their price target on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. B. Riley increased their target price on shares of Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. UBS Group raised their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Royal Bank of Canada raised their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Finally, Truist Financial raised their price target on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital has an average rating of “Hold” and an average price target of $47.67.

Main Street Capital Trading Down 0.6 %

The company has a fifty day moving average of $47.98 and a two-hundred day moving average of $45.09. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 8.93 and a beta of 1.25. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, May 9th. The financial services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $131.61 million during the quarter, compared to analysts’ expectations of $128.00 million. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. During the same quarter last year, the business posted $1.02 EPS. On average, research analysts expect that Main Street Capital Co. will post 4.06 EPS for the current year.

Main Street Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, September 6th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.94 annualized dividend and a dividend yield of 6.04%. Main Street Capital’s dividend payout ratio (DPR) is 52.55%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Taylor Frigon Capital Management LLC increased its holdings in Main Street Capital by 0.6% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 40,320 shares of the financial services provider’s stock valued at $1,908,000 after buying an additional 232 shares during the period. NBC Securities Inc. raised its holdings in Main Street Capital by 6.7% during the 4th quarter. NBC Securities Inc. now owns 3,686 shares of the financial services provider’s stock worth $159,000 after buying an additional 233 shares during the period. Global Retirement Partners LLC grew its stake in shares of Main Street Capital by 4.7% during the 1st quarter. Global Retirement Partners LLC now owns 5,211 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 235 shares in the last quarter. Capital Investment Advisors LLC grew its stake in shares of Main Street Capital by 0.5% during the 4th quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider’s stock worth $2,262,000 after acquiring an additional 236 shares in the last quarter. Finally, Gradient Investments LLC grew its stake in shares of Main Street Capital by 10.3% in the fourth quarter. Gradient Investments LLC now owns 2,661 shares of the financial services provider’s stock valued at $115,000 after buying an additional 248 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

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.