Main Street Capital Co. (NYSE:MAIN) Receives Consensus Rating of “Hold” from Brokerages

Main Street Capital Co. (NYSE:MAIN) has earned a consensus recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $48.40.

MAIN has been the subject of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. B. Riley lifted their target price on shares of Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Oppenheimer upped their target price on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Finally, Truist Financial increased their price target on Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, May 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sanders Morris Harris LLC bought a new stake in Main Street Capital in the 1st quarter valued at about $9,889,000. First Financial Bankshares Inc bought a new stake in shares of Main Street Capital in the fourth quarter valued at approximately $6,122,000. Van ECK Associates Corp lifted its stake in shares of Main Street Capital by 14.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock valued at $58,069,000 after buying an additional 141,312 shares in the last quarter. Confluence Investment Management LLC bought a new position in Main Street Capital in the 1st quarter worth approximately $6,110,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Main Street Capital in the 4th quarter valued at approximately $4,884,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $49.58 on Wednesday. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 9.05 and a beta of 1.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. Main Street Capital has a fifty-two week low of $37.70 and a fifty-two week high of $52.39. The firm’s 50-day simple moving average is $50.13 and its 200 day simple moving average is $48.64.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Main Street Capital had a return on equity of 14.41% and a net margin of 87.58%. The company had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same quarter last year, the company earned $1.06 earnings per share. As a group, research analysts anticipate that Main Street Capital will post 4.13 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 20th. Main Street Capital’s dividend payout ratio (DPR) is presently 53.65%.

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.