Main Street Capital (NYSE:MAIN) Shares Up 0.6%

Main Street Capital Co. (NYSE:MAIN) rose 0.6% on Friday . The stock traded as high as $50.35 and last traded at $50.19. Approximately 75,922 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 346,665 shares. The stock had previously closed at $49.89.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAIN. Truist Financial upped their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a 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 objective on the stock. in a report on Monday, January 8th. Royal Bank of Canada upped their target price on Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. UBS Group lifted their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Oppenheimer increased their price objective on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.17.

Main Street Capital Price Performance

The firm has a 50-day simple moving average of $47.07 and a two-hundred day simple moving average of $44.16. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 9.65 and a beta of 1.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The firm had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. As a group, analysts predict that Main Street Capital Co. will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wambolt & Associates LLC increased its stake in shares of Main Street Capital by 17.6% in the 1st quarter. Wambolt & Associates LLC now owns 79,392 shares of the financial services provider’s stock valued at $3,725,000 after purchasing an additional 11,889 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Main Street Capital by 9.8% in the first quarter. Private Advisor Group LLC now owns 118,278 shares of the financial services provider’s stock valued at $5,596,000 after buying an additional 10,543 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Main Street Capital by 9.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 13,766 shares of the financial services provider’s stock worth $651,000 after buying an additional 1,149 shares during the period. Van ECK Associates Corp lifted its position in shares of Main Street Capital by 13.9% during the 1st quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock valued at $47,726,000 after buying an additional 122,757 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in Main Street Capital by 7.1% in the 1st quarter. Perigon Wealth Management LLC now owns 8,320 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 550 shares during the period. 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.