Main Street Capital (NYSE:MAIN) Trading Up 0%

Shares of Main Street Capital Co. (NYSE:MAIN) rose 0% during trading on Wednesday . The stock traded as high as $48.86 and last traded at $48.70. Approximately 52,481 shares were traded during trading, a decline of 85% from the average daily volume of 351,473 shares. The stock had previously closed at $48.69.

Wall Street Analysts Forecast Growth

MAIN has been the subject of several research analyst reports. UBS Group lifted their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. B. Riley downgraded shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a report on Monday, January 8th. Royal Bank of Canada increased 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. Truist Financial increased their target price 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. Finally, Oppenheimer increased 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and an average price target of $45.50.

Main Street Capital Stock Performance

The company has a market cap of $4.15 billion, a P/E ratio of 9.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s fifty day moving average price is $46.34 and its two-hundred day moving average price is $43.66.

Main Street Capital (NYSE:MAIN) last issued 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. The business had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. As a group, equities analysts predict that Main Street Capital Co. will post 4.07 earnings per share for the current 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 paid 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 yield of 8.37%. Main Street Capital’s dividend payout ratio is presently 55.17%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAIN. Sanders Morris Harris LLC acquired a new position in Main Street Capital in the 1st quarter valued at approximately $9,889,000. Tudor Investment Corp Et Al acquired a new stake in shares of Main Street Capital during the third quarter worth $6,538,000. First Financial Bankshares Inc acquired a new stake in shares of Main Street Capital during the fourth quarter worth $6,122,000. Confluence Investment Management LLC acquired a new stake in shares of Main Street Capital during the first quarter worth $6,110,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Main Street Capital during the fourth quarter worth $4,884,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Company Profile

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.