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

Shares of Main Street Capital Co. (NYSE:MAIN) have earned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $48.40.

A number of analysts recently commented on MAIN shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer upped their target price 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.

Main Street Capital Price Performance

Main Street Capital stock opened at $50.00 on Friday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 9.12 and a beta of 1.30. Main Street Capital has a 52-week low of $37.70 and a 52-week high of $52.39. 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’s 50 day moving average price is $49.68 and its two-hundred day moving average price is $48.99.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The business had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. During the same period last year, the company posted $1.06 earnings per share. On average, equities analysts predict that Main Street Capital will post 4.13 earnings per share for the current year.

Main Street Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be issued a $0.30 dividend. The ex-dividend date is Friday, September 20th. This represents a dividend yield of 7.66%. Main Street Capital’s dividend payout ratio is presently 53.65%.

Hedge Funds Weigh In On Main Street Capital

Several large investors have recently bought and sold shares of the stock. Sanders Morris Harris LLC bought a new position in shares of Main Street Capital during the 1st quarter worth approximately $9,889,000. First Financial Bankshares Inc bought a new stake in Main Street Capital during the fourth quarter worth $6,122,000. Van ECK Associates Corp boosted its position in Main Street Capital by 14.0% in the second quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after purchasing an additional 141,312 shares during the last quarter. Confluence Investment Management LLC bought a new position in Main Street Capital in the 1st quarter valued at $6,110,000. Finally, Adell Harriman & Carpenter Inc. increased its position in shares of Main Street Capital by 26.9% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock valued at $20,459,000 after purchasing an additional 85,995 shares during the last quarter. 20.31% of the stock is currently 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.