Main Street Capital (NYSE:MAIN) Given New $51.00 Price Target at B. Riley

Main Street Capital (NYSE:MAIN - Free Report) had its price target raised by B. Riley from $49.00 to $51.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

Several other research firms have also recently weighed in on MAIN. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Oppenheimer boosted their price objective on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $48.80.

Main Street Capital Stock Up 1.0 %

Shares of NYSE MAIN traded up $0.54 during mid-day trading on Monday, reaching $52.41. 463,451 shares of the company's stock were exchanged, compared to its average volume of 362,837. Main Street Capital has a twelve month low of $40.25 and a twelve month high of $52.76. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 9.50 and a beta of 1.29. The business has a fifty day simple moving average of $50.60 and a 200 day simple moving average of $50.04.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting analysts' consensus estimates of $1.01. The company had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 89.25%. During the same period in the previous year, the company posted $1.06 earnings per share. As a group, equities analysts expect that Main Street Capital will post 4.12 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.72%. This is an increase from Main Street Capital's previous monthly dividend of $0.25. The ex-dividend date is Friday, March 7th. Main Street Capital's dividend payout ratio is presently 53.26%.

Hedge Funds Weigh In On Main Street Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new stake in shares of Main Street Capital during the 3rd quarter worth $28,000. Triad Wealth Partners LLC acquired a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $38,000. Optimum Investment Advisors grew its holdings in shares of Main Street Capital by 100.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 500 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Main Street Capital during the 3rd quarter worth approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 405 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

About Main Street Capital

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.