Main Street Capital (NYSE:MAIN) Stock Price Down 0.3%

Shares of Main Street Capital Co. (NYSE:MAINGet Free Report) fell 0.3% during mid-day trading on Friday . The stock traded as low as $48.88 and last traded at $48.98. 85,478 shares were traded during trading, a decline of 76% from the average session volume of 359,459 shares. The stock had previously closed at $49.14.

Analysts Set New Price Targets

MAIN has been the topic of several recent analyst reports. UBS Group upped their price target 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. Oppenheimer lifted their price objective 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. B. Riley boosted their target price on shares of Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Royal Bank of Canada upped their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, Truist Financial lifted their target price on Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Five 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 has an average rating of “Hold” and a consensus price target of $47.67.

View Our Latest Report on MAIN

Main Street Capital Trading Up 0.2 %

The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 8.94 and a beta of 1.28. The business has a fifty day moving average of $48.74 and a two-hundred day moving average of $45.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10.

Main Street Capital (NYSE:MAINGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. The business had revenue of $131.61 million for the quarter, compared to analyst estimates of $128.00 million. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. During the same period in the prior year, the business earned $1.02 earnings per share. As a group, equities analysts expect that Main Street Capital Co. will post 4.06 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 8th will be issued a $0.30 dividend. This represents a $3.60 annualized dividend and a yield of 7.31%. The ex-dividend date is Monday, July 8th. Main Street Capital’s dividend payout ratio (DPR) is 52.55%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently bought and sold shares of 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 purchasing an additional 71,698 shares during the period. Burgundy Asset Management Ltd. raised its position in Main Street Capital by 1.4% in the first quarter. Burgundy Asset Management Ltd. now owns 1,089,159 shares of the financial services provider’s stock valued at $51,528,000 after purchasing an additional 15,392 shares during the period. Van ECK Associates Corp lifted its stake in shares of Main Street Capital by 13.9% during the first quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock worth $47,726,000 after purchasing an additional 122,757 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Main Street Capital by 1.4% in the third quarter. Legal & General Group Plc now owns 588,490 shares of the financial services provider’s stock worth $23,902,000 after buying an additional 8,091 shares during the period. Finally, Sound Income Strategies LLC grew its position in Main Street Capital by 2.2% in the first quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider’s stock valued at $17,021,000 after acquiring an additional 7,790 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

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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