Trading Report: Today: Main Street Capital Corp. (MAIN) To Go Ex-Dividend on October 18th

Today: Main Street Capital Corp. (MAIN) To Go Ex-Dividend on October 18th

Main Street Capital Corp. (NYSE:MAIN) announced a monthly dividend on Wednesday, August 3rd. Investors of record on Thursday, October 20th will be given a dividend of 0.185 per share on Tuesday, November 15th. This represents a $2.22 annualized dividend and a yield of 6.61%. The ex-dividend date is Tuesday, October 18th.

Shares of Main Street Capital Corp. (NYSE:MAIN) opened at 33.59 on Monday. The firm has a market cap of $1.76 billion, a PE ratio of 22.38 and a beta of 0.83. Main Street Capital Corp. has a 1-year low of $24.21 and a 1-year high of $34.75. The company’s 50-day moving average price is $34.28 and its 200 day moving average price is $32.91.

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

MAIN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Main Street Capital Corp. from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, July 19th. FBR & Co increased their price target on shares of 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 increased their price target on shares of 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 reaffirmed a “neutral” rating and issued a $33.00 price target on shares of Main Street Capital Corp. in a report on Wednesday, August 10th. Finally, Royal Bank Of Canada increased their price target on shares of 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Main Street Capital Corp. has a consensus rating of “Buy” and a consensus target price of $35.86.

A number of institutional investors have recently modified their holdings of the stock. WFG Advisors LP raised its position in shares of Main Street Capital Corp. by 111.8% in the second quarter. WFG Advisors LP now owns 3,600 shares of the company’s stock valued at $118,000 after buying an additional 1,900 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Main Street Capital Corp. by 14.1% in the second quarter. JPMorgan Chase & Co. now owns 3,912 shares of the company’s stock valued at $129,000 after buying an additional 482 shares during the last quarter. National Asset Management Inc. raised its position in shares of Main Street Capital Corp. by 2.4% in the second quarter. National Asset Management Inc. now owns 8,611 shares of the company’s stock valued at $283,000 after buying an additional 203 shares during the last quarter. US Bancorp DE raised its position in shares of Main Street Capital Corp. by 85.4% in the second quarter. US Bancorp DE now owns 9,902 shares of the company’s stock valued at $325,000 after buying an additional 4,561 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Main Street Capital Corp. by 25.1% in the second quarter. Janney Montgomery Scott LLC now owns 11,671 shares of the company’s stock valued at $339,000 after buying an additional 2,340 shares during the last quarter. 26.77% of the stock is currently owned by institutional investors.

Main Street Capital Corp. Company Profile

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