Main Street Capital Co. (NYSE:MAIN) Given Average Recommendation of “Hold” by Analysts

Shares of Main Street Capital Co. (NYSE:MAIN) have been given an average rating of “Hold” by the five ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $48.40.

Several research firms have issued reports on MAIN. B. Riley upped their price target 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Truist Financial upped their price objective on shares of Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, May 13th. Finally, Oppenheimer upped their price objective on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th.

Main Street Capital Stock Performance

Shares of MAIN opened at $49.29 on Wednesday. The firm’s 50 day moving average price is $50.17 and its two-hundred day moving average price is $48.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $4.22 billion, a P/E ratio of 8.99 and a beta of 1.29. Main Street Capital has a twelve month low of $37.70 and a twelve month high of $52.39.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. The business had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. During the same quarter in the previous year, the firm posted $1.06 earnings per share. On average, analysts forecast that Main Street Capital will post 4.08 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, September 20th. Main Street Capital’s payout ratio is 53.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sanders Morris Harris LLC bought a new position in Main Street Capital in the 1st quarter valued at approximately $9,889,000. First Financial Bankshares Inc acquired a new stake in Main Street Capital during the 4th quarter valued at approximately $6,122,000. Van ECK Associates Corp increased its position in 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 purchasing an additional 141,312 shares during the period. Confluence Investment Management LLC acquired a new stake in Main Street Capital during the 1st quarter valued at approximately $6,110,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Main Street Capital during the 4th quarter valued at approximately $4,884,000. 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.