Main Street Capital (NYSE:MAIN - Free Report) had its price target raised by Truist Financial from $52.00 to $62.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a hold rating on the financial services provider's stock.
Separately, B. Riley increased their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a report on Monday, November 11th.
Check Out Our Latest Report on Main Street Capital
Main Street Capital Stock Performance
Shares of MAIN stock traded down $0.27 during trading hours on Monday, reaching $60.53. The stock had a trading volume of 698,973 shares, compared to its average volume of 393,018. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Main Street Capital has a twelve month low of $45.00 and a twelve month high of $63.32. The firm has a 50-day simple moving average of $60.00 and a 200-day simple moving average of $54.62. The firm has a market capitalization of $5.34 billion, a PE ratio of 10.97 and a beta of 1.28.
Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.06). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. As a group, equities analysts forecast that Main Street Capital will post 4.11 earnings per share for the current year.
Main Street Capital Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 6th will be given a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.00 dividend on an annualized basis and a yield of 4.96%. Main Street Capital's dividend payout ratio is presently 51.37%.
Hedge Funds Weigh In On Main Street Capital
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in Main Street Capital by 7.8% in the 4th quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider's stock valued at $75,469,000 after buying an additional 92,833 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Main Street Capital by 1.5% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider's stock valued at $67,578,000 after purchasing an additional 17,196 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its position in shares of Main Street Capital by 1.5% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider's stock valued at $24,929,000 after purchasing an additional 6,297 shares in the last quarter. LPL Financial LLC boosted its position in shares of Main Street Capital by 1.6% during the 4th quarter. LPL Financial LLC now owns 299,165 shares of the financial services provider's stock valued at $17,525,000 after purchasing an additional 4,740 shares in the last quarter. Finally, Paradiem LLC boosted its position in shares of Main Street Capital by 0.3% during the 4th quarter. Paradiem LLC now owns 280,593 shares of the financial services provider's stock valued at $16,437,000 after purchasing an additional 732 shares in the last quarter. Institutional investors own 20.31% of the company's stock.
About Main Street Capital
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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.
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