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Main Street Capital (NASDAQ:MAIN)’s share price fell 5.4% on Friday after the company announced weaker than expected quarterly earnings, Analyst Ratings Net reports. The stock traded as low as $28.69 and last traded at $29.16, with a volume of 1,040,677 shares trading hands. The stock had previously closed at $30.82.

The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.02.

The company also recently declared a monthly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Monday, July 21st will be given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend is Thursday, July 17th.

Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Main Street Capital from a “market perform” rating to an “outperform” rating in a research note on Thursday. They now have a $34.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $36.12.

The stock’s 50-day moving average is $32.13 and its 200-day moving average is $32.68. The company has a market cap of $1.177 billion and a price-to-earnings ratio of 11.65.

Main Street Capital Corporation (NASDAQ:MAIN) is a principal investment firm primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies, which it generally define as companies with annual revenues between $10 million and $100 million that operate in diverse industries.

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