Trade Report: The Main Street Capital Corp. (MAIN) to Issue Dividend of $0.19 on November 11th

The Main Street Capital Corp. (MAIN) to Issue Dividend of $0.19 on  November 11th

Main Street Capital Corp. (NYSE:MAIN) declared a dividend on Wednesday, August 3rd. Stockholders of record on Thursday, October 20th will be given a dividend of 0.185 per share on Friday, November 11th. The ex-dividend date is Tuesday, October 18th.

Main Street Capital Corp. (NYSE:MAIN) opened at 34.43 on Thursday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 22.94 and a beta of 0.83. Main Street Capital Corp. has a 52-week low of $24.21 and a 52-week high of $34.75. The stock’s 50 day moving average is $34.29 and its 200 day moving average is $32.88.

Main Street Capital Corp. (NYSE:MAIN) last issued its earnings results on Monday, August 8th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm earned $42.90 million during the quarter, compared to analysts’ expectations of $43.48 million. Main Street Capital Corp. had a return on equity of 10.30% and a net margin of 44.40%. Main Street Capital Corp.’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. On average, analysts predict that Main Street Capital Corp. will post $2.16 earnings per share for the current fiscal year.

In other Main Street Capital Corp. news, Chairman Vincent D. Foster purchased 2,764 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was acquired at an average cost of $33.01 per share, with a total value of $91,239.64. Following the completion of the acquisition, the chairman now directly owns 1,527,417 shares of the company’s stock, valued at approximately $50,420,035.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.69% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD boosted its position in Main Street Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 252,769 shares of the company’s stock worth $8,303,000 after buying an additional 32,142 shares in the last quarter. State of Wisconsin Investment Board boosted its position in Main Street Capital Corp. by 0.8% in the second quarter. State of Wisconsin Investment Board now owns 175,964 shares of the company’s stock worth $5,780,000 after buying an additional 1,477 shares in the last quarter. Van ECK Associates Corp boosted its position in Main Street Capital Corp. by 13.4% in the second quarter. Van ECK Associates Corp now owns 166,511 shares of the company’s stock worth $5,470,000 after buying an additional 19,643 shares in the last quarter. Raymond James & Associates boosted its position in Main Street Capital Corp. by 1.6% in the second quarter. Raymond James & Associates now owns 105,891 shares of the company’s stock worth $3,479,000 after buying an additional 1,670 shares in the last quarter. Finally, Advisor Group Inc. acquired a new position in Main Street Capital Corp. during the second quarter worth about $1,498,000. 26.77% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on MAIN shares. Zacks Investment Research raised Main Street Capital Corp. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Tuesday, July 19th. FBR & Co lifted their price objective on Main Street Capital Corp. from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, August 10th. Wunderlich lifted their price objective on Main Street Capital Corp. from $34.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. National Securities reissued a “neutral” rating and set a $33.00 price objective on shares of Main Street Capital Corp. in a report on Wednesday, August 10th. Finally, Royal Bank Of Canada lifted their price objective on Main Street Capital Corp. from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $35.86.

About Main Street Capital Corp.

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