Main Street Capital (NYSE:MAIN) Trading 0.2% Higher

Shares of Main Street Capital Co. (NYSE:MAIN) traded up 0.2% on Wednesday . The stock traded as high as $46.86 and last traded at $46.77. 297,091 shares were traded during mid-day trading, a decline of 10% from the average session volume of 331,012 shares. The stock had previously closed at $46.68.

Wall Street Analyst Weigh In

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

Main Street Capital Price Performance

The company has a 50-day moving average price of $46.12 and a two-hundred day moving average price of $43.43. 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 company has a market cap of $4.01 billion, a PE ratio of 9.05 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The company had revenue of $129.31 million during the quarter, compared to the consensus estimate of $125.52 million. Sell-side 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 business also recently announced a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were given 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 dividend yield of 8.37%. Main Street Capital’s dividend payout ratio is presently 55.17%.

Institutional Investors Weigh In On Main Street Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Main Street Capital by 11.9% in the first quarter. PNC Financial Services Group Inc. now owns 8,504 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 904 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Main Street Capital during the first quarter valued at approximately $274,000. SS&H Financial Advisors Inc. acquired a new stake in Main Street Capital during the first quarter valued at approximately $1,079,000. Northern Trust Corp raised its stake in Main Street Capital by 40.1% during the first quarter. Northern Trust Corp now owns 47,333 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 13,542 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Main Street Capital by 6.9% during the first quarter. Invesco Ltd. now owns 43,655 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 2,814 shares in the last quarter. Hedge funds and other institutional investors 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.