Main Street Capital (NYSE:MAIN) Price Target Raised to $51.00 at B. Riley

Main Street Capital (NYSE:MAIN) had its price target upped by B. Riley from $49.00 to $51.00 in a research report report published on Monday,Benzinga reports. B. Riley currently has a neutral rating on the financial services provider’s stock.

A number of other analysts have also recently commented on MAIN. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer boosted their price target on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Main Street Capital presently has an average rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Performance

Main Street Capital stock opened at $52.45 on Monday. The stock’s 50 day simple moving average is $50.60 and its two-hundred day simple moving average is $50.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 9.49 and a beta of 1.29. Main Street Capital has a fifty-two week low of $40.25 and a fifty-two week high of $52.76.

Main Street Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 7th will be given a dividend of $0.25 per share. This is an increase from Main Street Capital’s previous monthly dividend of $0.25. The ex-dividend date is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.72%. Main Street Capital’s payout ratio is presently 53.26%.

Institutional Investors Weigh In On Main Street Capital

A number of hedge funds have recently modified their holdings of MAIN. Marietta Wealth Management LLC purchased a new stake in Main Street Capital in the 2nd quarter worth $581,000. Freestone Capital Holdings LLC purchased a new position in shares of Main Street Capital during the first quarter valued at about $568,000. Cetera Advisors LLC lifted its holdings in shares of Main Street Capital by 49.0% in the 1st quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock valued at $1,650,000 after acquiring an additional 11,464 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its stake in Main Street Capital by 238.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock worth $1,718,000 after purchasing an additional 23,970 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Main Street Capital in the first quarter worth about $549,000. 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.