Main Street Capital (NYSE:MAIN) Hits New 1-Year High at $47.89

Main Street Capital Co. (NYSE:MAIN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.89 and last traded at $47.85, with a volume of 82283 shares changing hands. The stock had previously closed at $47.62.

Wall Street Analyst Weigh In

MAIN has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, February 26th. B. Riley lowered shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Monday, January 8th. Oppenheimer boosted their price target on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. Royal Bank of Canada boosted their price target on shares of Main Street Capital from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, UBS Group boosted their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Five 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.

Main Street Capital Stock Up 1.1 %

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 9.33 and a beta of 1.29. The firm’s fifty day simple moving average is $46.34 and its two-hundred day simple moving average is $43.66.

Main Street Capital (NYSE:MAIN) last posted 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 analyst estimates of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. Sell-side analysts anticipate that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a $0.30 dividend. This represents a dividend 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 payout ratio is 55.17%.

Institutional Investors Weigh In On Main Street Capital

A number of institutional investors and hedge funds have recently made changes to their positions in MAIN. DnB Asset Management AS purchased a new stake in shares of Main Street Capital in the 3rd quarter valued at approximately $2,068,000. SG Americas Securities LLC purchased a new stake in Main Street Capital during the 3rd quarter worth approximately $151,000. Impact Partnership Wealth LLC increased its stake in Main Street Capital by 562.3% during the 3rd 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 during the period. SS&H Financial Advisors Inc. purchased a new stake in Main Street Capital during the 3rd quarter worth approximately $821,000. Finally, U.S. Capital Wealth Advisors LLC increased its stake in Main Street Capital by 2.2% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 137,410 shares of the financial services provider’s stock worth $5,583,000 after buying an additional 2,905 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.

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.