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

Main Street Capital Co. (NYSE:MAINGet Free Report)’s share price was up 0% during trading on Tuesday . The company traded as high as $47.16 and last traded at $46.93. Approximately 104,312 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 362,664 shares. The stock had previously closed at $46.92.

Analyst Upgrades and Downgrades

A number of analysts have commented on MAIN shares. 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 report on Monday, February 26th. 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 report on Friday, March 1st. 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 note on Monday, January 8th. Oppenheimer raised their price target on 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. Finally, Royal Bank of Canada raised their price target on Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Five equities research 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.50.

Check Out Our Latest Report on Main Street Capital

Main Street Capital Stock Up 0.8 %

The company has a market capitalization of $4.04 billion, a PE ratio of 9.03 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 company has a 50-day moving average of $45.69 and a two-hundred day moving average of $42.93.

Main Street Capital (NYSE:MAINGet Free Report) last released its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $129.31 million for 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%. Sell-side analysts anticipate 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. Investors of record on Wednesday, March 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This is an increase from Main Street Capital’s previous dividend of $0.24. This represents a yield of 8.37%. Main Street Capital’s payout ratio is 55.17%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Confluence Investment Management LLC purchased a new position in shares of Main Street Capital in the first quarter valued at about $6,110,000. Newbridge Financial Services Group Inc. lifted its position in shares of 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 acquiring an additional 420 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Main Street Capital by 10.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 58,672 shares of the financial services provider’s stock valued at $2,536,000 after acquiring an additional 5,733 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Main Street Capital in the fourth quarter valued at about $86,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Main Street Capital in the fourth quarter valued at about $72,000. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Company Profile

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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.

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