Main Street Capital (NYSE:MAIN) Price Target Raised to $51.00 at B. Riley

Main Street Capital (NYSE:MAIN) had its target price upped by B. Riley from $49.00 to $51.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock. B. Riley also issued estimates for Main Street Capital’s Q4 2024 earnings at $1.05 EPS, FY2024 earnings at $4.12 EPS, Q1 2025 earnings at $0.99 EPS, Q2 2025 earnings at $1.02 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $4.03 EPS.

MAIN has been the topic of a number of other research reports. Oppenheimer upped their price target on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Trading Down 0.1 %

NYSE:MAIN opened at $52.16 on Monday. Main Street Capital has a 12 month low of $40.51 and a 12 month high of $52.89. The company has a current ratio of 0.08, a quick ratio of 0.07 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $50.77 and its 200 day moving average is $50.11. The stock has a market capitalization of $4.60 billion, a PE ratio of 9.45 and a beta of 1.29.

Main Street Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 7th will be paid a dividend of $0.25 per share. This is a positive change from Main Street Capital’s previous monthly dividend of $0.25. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 annualized dividend and a yield of 5.75%. Main Street Capital’s dividend payout ratio (DPR) is currently 53.26%.

Institutional Trading of Main Street Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Erste Asset Management GmbH purchased a new stake in shares of Main Street Capital during the 3rd quarter valued at $148,000. Tradition Wealth Management LLC raised its position in Main Street Capital by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 12,010 shares of the financial services provider’s stock valued at $602,000 after purchasing an additional 294 shares in the last quarter. Widmann Financial Services Inc. lifted its stake in Main Street Capital by 0.9% during the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock worth $1,153,000 after purchasing an additional 202 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Main Street Capital by 8.0% in the 3rd quarter. Verition Fund Management LLC now owns 11,197 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 833 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Main Street Capital by 64.7% during the 3rd quarter. Captrust Financial Advisors now owns 14,609 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 5,738 shares during 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.