Main Street Capital Corporation (NYSE:MAIN) Announces $0.30 Quarterly Dividend

Main Street Capital Corporation (NYSE:MAIN) announced a quarterly dividend on Monday, August 4th, investing.com reports. Stockholders of record on Wednesday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, October 8th.

Main Street Capital has a dividend payout ratio of 78.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Main Street Capital to earn $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Price Performance

Shares of MAIN opened at $62.98 on Monday. The business’s 50-day moving average is $65.14 and its two-hundred day moving average is $59.81. The company has a market capitalization of $5.63 billion, a P/E ratio of 10.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Main Street Capital has a fifty-two week low of $47.00 and a fifty-two week high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The company had revenue of $143.97 million for the quarter, compared to the consensus estimate of $137.23 million. Research analysts predict that Main Street Capital will post 4.11 earnings per share for the current year.

Insider Transactions at Main Street Capital

In other Main Street Capital news, Director Nicholas Meserve sold 14,000 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $67.15, for a total value of $940,100.00. Following the completion of the transaction, the director owned 82,383 shares in the company, valued at $5,532,018.45. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Main Street Capital by 1.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,889 shares of the financial services provider’s stock valued at $939,000 after buying an additional 193 shares in the last quarter. Freedom Financial Partners LLC increased its holdings in Main Street Capital by 4.5% in the second quarter. Freedom Financial Partners LLC now owns 5,100 shares of the financial services provider’s stock valued at $301,000 after buying an additional 218 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Main Street Capital by 2.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 9,520 shares of the financial services provider’s stock valued at $538,000 after buying an additional 221 shares in the last quarter. Uncommon Cents Investing LLC increased its holdings in Main Street Capital by 1.4% in the first quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider’s stock valued at $917,000 after buying an additional 231 shares in the last quarter. Finally, Sigma Planning Corp increased its holdings in Main Street Capital by 0.5% in the first quarter. Sigma Planning Corp now owns 44,942 shares of the financial services provider’s stock valued at $2,542,000 after buying an additional 236 shares in the last quarter. 20.31% of the stock is 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.