Main Street Capital (NYSE:MAIN) Stock Price Down 0.4%

Main Street Capital Co. (NYSE:MAIN) shares traded down 0.4% during trading on Thursday . The stock traded as low as $48.26 and last traded at $48.29. 73,851 shares were traded during mid-day trading, a decline of 80% from the average session volume of 363,196 shares. The stock had previously closed at $48.48.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Oppenheimer raised their target price on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. B. Riley raised their target price on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. UBS Group lifted their price target 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. 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, April 30th. Finally, Truist Financial boosted their price objective on Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and an average price target of $47.67.

Main Street Capital Stock Down 1.3 %

The business has a 50 day simple moving average of $48.03 and a 200 day simple moving average of $45.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $4.10 billion, a PE ratio of 8.81 and a beta of 1.25.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $131.61 million during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $1.02 EPS. On average, equities research analysts forecast that Main Street Capital Co. will post 4.06 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, June 21st. Main Street Capital’s dividend payout ratio (DPR) is presently 52.55%.

Hedge Funds Weigh In On Main Street Capital

Several large investors have recently added to or reduced their stakes in MAIN. Price T Rowe Associates Inc. MD raised its holdings in shares of Main Street Capital by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,435,508 shares of the financial services provider’s stock worth $148,518,000 after buying an additional 71,698 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in Main Street Capital by 1.4% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,089,159 shares of the financial services provider’s stock worth $51,528,000 after acquiring an additional 15,392 shares during the last quarter. Van ECK Associates Corp grew its position in Main Street Capital by 13.9% during the 1st quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock worth $47,726,000 after acquiring an additional 122,757 shares during the last quarter. Legal & General Group Plc grew its position in Main Street Capital by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 588,490 shares of the financial services provider’s stock worth $23,902,000 after acquiring an additional 8,091 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in Main Street Capital by 2.2% during the 1st quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider’s stock worth $17,021,000 after acquiring an additional 7,790 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

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.