Main Street Capital (NYSE:MAIN) Stock Price Up 0.7%

Main Street Capital Co. (NYSE:MAIN)’s stock price shot up 0.7% on Friday . The stock traded as high as $49.20 and last traded at $49.02. 86,461 shares were traded during mid-day trading, a decline of 75% from the average session volume of 348,654 shares. The stock had previously closed at $48.68.

Wall Street Analyst Weigh In

A number of analysts have commented on MAIN shares. Royal Bank of Canada boosted their price target on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. B. Riley lowered shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research note on Monday, January 8th. Truist Financial boosted their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. UBS Group boosted 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. Finally, Oppenheimer boosted their price target on shares of 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. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.50.

Main Street Capital Stock Up 0.9 %

The stock’s fifty day simple moving average is $46.59 and its 200-day simple moving average is $43.82. 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 stock has a market capitalization of $4.18 billion, a PE ratio of 9.41 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 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 forecast that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 20th were given a $0.30 dividend. This represents a dividend yield of 8.37%. This is a boost from Main Street Capital’s previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. Main Street Capital’s dividend payout ratio is 55.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MAIN. SG Americas Securities LLC bought a new position in Main Street Capital during the third quarter valued at approximately $151,000. Uncommon Cents Investing LLC bought a new position in Main Street Capital during the third quarter valued at approximately $310,000. Callahan Advisors LLC boosted its stake in shares of Main Street Capital by 5.2% during the third quarter. Callahan Advisors LLC now owns 14,545 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 715 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Main Street Capital by 23.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,744 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 335 shares during the period. Finally, Tectonic Advisors LLC boosted its stake in shares of Main Street Capital by 12.2% during the third quarter. Tectonic Advisors LLC now owns 116,343 shares of the financial services provider’s stock valued at $4,727,000 after purchasing an additional 12,674 shares during the period. 20.31% of the stock is currently owned by 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.