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

Main Street Capital (NYSE:MAIN) had its price target lifted by B. Riley from $49.00 to $51.00 in a research report report published on Monday,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock. B. Riley also issued estimates for Main Street Capital’s Q4 2024 earnings at $1.05 EPS, FY2024 earnings at $4.12 EPS, Q1 2025 earnings at $0.99 EPS, Q2 2025 earnings at $1.02 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $4.03 EPS.

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

Main Street Capital Price Performance

Main Street Capital stock opened at $52.16 on Monday. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 9.45 and a beta of 1.29. Main Street Capital has a 52-week low of $40.51 and a 52-week high of $52.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.07 and a current ratio of 0.08. The stock’s 50 day moving average price is $50.77 and its two-hundred day moving average price is $50.11.

Main Street Capital Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 7th will be given a $0.25 dividend. This is a boost from Main Street Capital’s previous monthly dividend of $0.25. The ex-dividend date is Friday, March 7th. This represents a $3.00 annualized dividend and a yield of 5.75%. Main Street Capital’s dividend payout ratio (DPR) is presently 53.26%.

Institutional Trading of Main Street Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. bought a new position in shares of Main Street Capital during the third quarter valued at about $28,000. Triad Wealth Partners LLC purchased a new stake in Main Street Capital in the 2nd quarter valued at about $38,000. Truvestments Capital LLC bought a new position in shares of Main Street Capital during the 3rd quarter worth approximately $39,000. Optimum Investment Advisors boosted its stake in shares of Main Street Capital by 100.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after buying an additional 500 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Main Street Capital in the third quarter valued at approximately $50,000. 20.31% of the stock is owned by institutional investors.

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.