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

Main Street Capital Co. (NYSE:MAIN)’s share price was up 0% during mid-day trading on Wednesday . The company 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.

Analyst Upgrades and Downgrades

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

Main Street Capital Trading Up 0.2 %

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 firm has a market capitalization of $4.15 billion, a PE ratio of 9.34 and a beta of 1.29. The company’s fifty day simple moving average is $46.34 and its 200-day simple moving average is $43.66.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $129.31 million for 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, 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 disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. This represents a yield of 8.37%. This is an increase from Main Street Capital’s previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital’s dividend payout ratio (DPR) is presently 55.17%.

Hedge Funds Weigh In On Main Street Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Impact Partnership Wealth LLC lifted 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 buying an additional 849 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Main Street Capital by 73.6% during 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 during the period. Signaturefd LLC boosted its holdings in Main Street Capital by 157.9% in the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 747 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Main Street Capital in the fourth quarter valued at $72,000. Finally, Newbridge Financial Services Group Inc. raised its position in Main Street Capital by 32.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 420 shares during the period. 20.31% of the stock is owned by hedge funds and other 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.