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

Main Street Capital Co. (NYSE:MAIN) shot up 0.6% on Monday . The company traded as high as $50.75 and last traded at $50.68. 162,413 shares traded hands during trading, a decline of 53% from the average session volume of 347,263 shares. The stock had previously closed at $50.37.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Oppenheimer lifted their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. UBS Group increased their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Truist Financial upped their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” 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’s stock. Based on data from MarketBeat, Main Street Capital has a consensus rating of “Hold” and an average target price of $46.17.

Main Street Capital Stock Down 0.1 %

The business has a fifty day moving average of $47.37 and a two-hundred day moving average of $44.40. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 9.70 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 announced its earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $125.52 million. As a group, equities analysts anticipate that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 5.81%. This is a boost from Main Street Capital’s previous monthly dividend of $0.24. Main Street Capital’s dividend payout ratio is presently 55.17%.

Institutional Investors Weigh In On Main Street Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LifeSteps Financial Inc. acquired a new stake in shares of Main Street Capital in the first quarter valued at approximately $35,000. Nomura Asset Management Co. Ltd. grew its position in Main Street Capital by 73.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 483 shares during the period. Signaturefd LLC grew its position in Main Street Capital by 157.9% in the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 747 shares during the period. Scarborough Advisors LLC purchased a new position in Main Street Capital in the fourth quarter worth approximately $72,000. Finally, Newbridge Financial Services Group Inc. grew its position in Main Street Capital by 32.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 420 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

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.