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

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. 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. B. Riley downgraded Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Monday, January 8th. Royal Bank of Canada raised their price target 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. Truist Financial lifted their target price on 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, UBS Group lifted their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.50.

Main Street Capital Trading Up 0.2 %

The stock has a market cap of $4.15 billion, a P/E ratio of 9.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The business’s 50 day simple moving average is $46.50 and its 200 day simple moving average is $43.73.

Main Street Capital (NYSE:MAIN) last posted its earnings results 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. On average, 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 company also recently announced a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a dividend yield of 8.37%. This is a boost from Main Street Capital’s previous dividend of $0.24. Main Street Capital’s payout ratio is 55.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MAIN. SG Americas Securities LLC bought a new position in Main Street Capital in the 3rd quarter worth approximately $151,000. Impact Partnership Wealth LLC raised its position in Main Street Capital by 562.3% in the 3rd 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 during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Main Street Capital by 2.2% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 137,410 shares of the financial services provider’s stock worth $5,583,000 after purchasing an additional 2,905 shares during the last quarter. Uncommon Cents Investing LLC bought a new position in Main Street Capital in the 3rd quarter worth approximately $310,000. Finally, Day & Ennis LLC bought a new position in Main Street Capital in the 3rd quarter worth approximately $204,000. Institutional investors own 20.31% of the company’s stock.

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.