Main Street Capital (NYSE:MAIN) Reaches New 52-Week High at $49.60

Main Street Capital Co. (NYSE:MAIN)’s share price reached a new 52-week high on Monday . The stock traded as high as $49.60 and last traded at $49.53, with a volume of 44964 shares traded. The stock had previously closed at $49.13.

Wall Street Analyst Weigh In

MAIN has been the topic of a number of recent analyst reports. Oppenheimer boosted their price target 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. Royal Bank of Canada lifted their price target on Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday. UBS Group increased their price objective on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Truist Financial lifted their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. Finally, B. Riley lowered shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.17.

Main Street Capital Trading Down 0.2 %

The company has a 50 day moving average of $46.78 and a 200 day moving average of $43.98. The firm has a market cap of $4.22 billion, a P/E ratio of 9.50 and a beta of 1.29. 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 results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. Main Street Capital had a net margin of 85.62% and a return on equity of 14.99%. Analysts predict that Main Street Capital Co. will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. This is a positive change from Main Street Capital’s previous dividend of $0.24. This represents a yield of 8.37%. The ex-dividend date of this dividend was Tuesday, March 19th. Main Street Capital’s dividend payout ratio (DPR) is 55.17%.

Institutional Trading of Main Street Capital

Large investors have recently made changes to their positions in the stock. Sanders Morris Harris LLC bought a new stake in Main Street Capital during the first quarter worth approximately $9,889,000. Tudor Investment Corp Et Al bought a new stake in shares of Main Street Capital during the 3rd quarter worth $6,538,000. First Financial Bankshares Inc acquired a new position in Main Street Capital in the 4th quarter valued at $6,122,000. Confluence Investment Management LLC acquired a new position in Main Street Capital during the 1st quarter worth $6,110,000. Finally, Van ECK Associates Corp boosted its holdings in Main Street Capital by 13.9% during the first quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock valued at $47,726,000 after acquiring an additional 122,757 shares during the period. Institutional investors own 20.31% of the company’s stock.

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.