Main Street Capital (NYSE:MAIN) Stock Price Up 0.7%

Main Street Capital Co. (NYSE:MAIN)’s share price rose 0.7% during trading on Tuesday . The stock traded as high as $48.59 and last traded at $48.51. Approximately 72,364 shares traded hands during trading, a decline of 79% from the average daily volume of 352,169 shares. The stock had previously closed at $48.16.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAIN. Royal Bank of Canada upped their target price on Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. B. Riley lowered Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a research report on Monday, January 8th. Truist Financial upped their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, February 26th. Oppenheimer boosted their price target on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Finally, UBS Group boosted their price target on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.50.

Main Street Capital Stock Up 0.2 %

The firm has a market capitalization of $4.15 billion, a P/E ratio of 9.35 and a beta of 1.29. The stock has a fifty day moving average price of $46.43 and a two-hundred day moving average price of $43.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09.

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, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. Research analysts forecast that Main Street Capital Co. will post 4.07 EPS 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 dividend of $0.30 per share. This is an increase 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Impact Partnership Wealth LLC grew its stake in shares of Main Street Capital by 562.3% in the third quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 849 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Main Street Capital by 73.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 483 shares in the last quarter. Signaturefd LLC grew its stake 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 worth $50,000 after purchasing an additional 747 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Main Street Capital by 23.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,744 shares of the financial services provider’s stock valued at $71,000 after buying an additional 335 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in shares of Main Street Capital in the fourth quarter valued at $72,000. 20.31% of the stock is currently owned by institutional investors.

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.