Main Street Capital (NYSE:MAIN) Trading Up 1.1%

Shares of Main Street Capital Co. (NYSE:MAIN) shot up 1.1% during trading on Thursday . The stock traded as high as $47.36 and last traded at $47.31. 103,914 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 359,062 shares. The stock had previously closed at $46.78.

Analyst Upgrades and Downgrades

MAIN has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their target price 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. Oppenheimer boosted their price target on 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. B. Riley downgraded 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. Truist Financial upped their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, February 26th. Finally, UBS Group increased their target price on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and an average price target of $45.50.

Main Street Capital Price Performance

The company’s 50-day simple moving average is $45.46 and its 200 day simple moving average is $42.71. The company has a market cap of $4.02 billion, a PE ratio of 9.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.09 and a current ratio of 0.09.

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, topping analysts’ consensus estimates of $1.06 by $0.06. The firm 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%. On average, sell-side 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 firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.30 per share. This is an increase from Main Street Capital’s previous dividend of $0.24. This represents a yield of 8.37%. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital’s payout ratio is currently 55.17%.

Hedge Funds Weigh In On Main Street Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in Main Street Capital by 11.9% during the first quarter. PNC Financial Services Group Inc. now owns 8,504 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 904 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Main Street Capital in the first quarter valued at $274,000. SS&H Financial Advisors Inc. acquired a new position in Main Street Capital during the 1st quarter valued at about $1,079,000. Northern Trust Corp raised its holdings in Main Street Capital by 40.1% in the first quarter. Northern Trust Corp now owns 47,333 shares of the financial services provider’s stock worth $2,018,000 after purchasing an additional 13,542 shares during the period. Finally, Invesco Ltd. lifted its stake in Main Street Capital by 6.9% in the 1st quarter. Invesco Ltd. now owns 43,655 shares of the financial services provider’s stock valued at $1,861,000 after acquiring an additional 2,814 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

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.