Main Street Capital (NYSE:MAIN) Stock Price Up 0.2%

Shares of Main Street Capital Co. (NYSE:MAIN) rose 0.2% on Thursday . The company traded as high as $47.14 and last traded at $47.06. Approximately 48,668 shares changed hands during trading, a decline of 86% from the average daily volume of 354,762 shares. The stock had previously closed at $46.96.

Wall Street Analysts Forecast Growth

MAIN has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, February 26th. Royal Bank of Canada increased 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 report on Monday, January 22nd. Oppenheimer upped 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 upped 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. Finally, B. Riley downgraded 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 report on Monday, January 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.50.

Main Street Capital Stock Up 0.2 %

The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 9.02 and a beta of 1.29. The business’s 50 day moving average price is $46.07 and its 200 day moving average price is $43.40. 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 announced its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share 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 company had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. On average, equities analysts forecast that Main Street Capital Co. will post 4.07 EPS for the current year.

Main Street Capital Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were given a $0.30 dividend. 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 was Tuesday, March 19th. Main Street Capital’s payout ratio is currently 55.17%.

Hedge Funds Weigh In On Main Street Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. lifted its stake in Main Street Capital by 6.7% during the fourth quarter. NBC Securities Inc. now owns 3,686 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 233 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Main Street Capital by 0.5% during the fourth quarter. Capital Investment Advisors LLC now owns 52,334 shares of the financial services provider’s stock worth $2,262,000 after purchasing an additional 236 shares during the last quarter. Gradient Investments LLC lifted its stake in Main Street Capital by 10.3% during the fourth quarter. Gradient Investments LLC now owns 2,661 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 248 shares during the last quarter. Larson Financial Group LLC lifted its stake in Main Street Capital by 0.6% during the fourth quarter. Larson Financial Group LLC now owns 40,973 shares of the financial services provider’s stock worth $1,771,000 after purchasing an additional 263 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Main Street Capital by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 7,706 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors 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.