Main Street Capital (NYSE:MAIN) Shares Down 0.5%

Main Street Capital Co. (NYSE:MAIN)’s stock price fell 0.5% during trading on Thursday . The stock traded as low as $48.39 and last traded at $48.58. 93,904 shares were traded during mid-day trading, a decline of 73% from the average session volume of 350,147 shares. The stock had previously closed at $48.80.

Wall Street Analyst Weigh In

Several brokerages have commented on MAIN. 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 note on Monday, January 8th. Oppenheimer increased 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. Truist Financial increased 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. Royal Bank of Canada increased their price objective on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Finally, UBS Group increased their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.50.

Main Street Capital Stock Performance

The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 9.41 and a beta of 1.29. The company’s 50-day simple moving average is $46.59 and its 200-day simple moving average is $43.79.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm 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%. Analysts predict that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.30 per share. This represents a yield of 8.37%. This is a boost 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 presently 55.17%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Main Street Capital during the 3rd quarter valued at $151,000. U.S. Capital Wealth Advisors LLC boosted its stake in shares of 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 valued at $5,583,000 after buying an additional 2,905 shares during the period. Uncommon Cents Investing LLC acquired a new stake in shares of Main Street Capital during the 3rd quarter valued at $310,000. Day & Ennis LLC acquired a new stake in shares of Main Street Capital during the 3rd quarter valued at $204,000. Finally, Callahan Advisors LLC lifted its stake in shares of Main Street Capital by 5.2% in the 3rd 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 last quarter. 20.31% of the stock is currently owned by hedge funds and other 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.