Main Street Capital (MAIN) Set to Announce Quarterly Earnings on Thursday

Main Street Capital (NYSE:MAINGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect Main Street Capital to post earnings of $0.70 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Main Street Capital (NYSE:MAINGet Rating) last released its earnings results on Thursday, February 24th. The financial services provider reported $0.77 EPS for the quarter. The company had revenue of $82.17 million for the quarter. Main Street Capital had a return on equity of 11.22% and a net margin of 114.43%. On average, analysts expect Main Street Capital to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE MAIN opened at $41.02 on Thursday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 1.89 and a beta of 1.38. Main Street Capital has a one year low of $37.91 and a one year high of $47.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.06 and a quick ratio of 0.06. The business’s fifty day moving average is $41.94 and its 200-day moving average is $43.29.

The firm also recently announced a dividend, which was paid on Wednesday, March 30th. Stockholders of record on Tuesday, March 22nd were paid a dividend of $0.075 per share. The ex-dividend date was Monday, March 21st. Main Street Capital’s payout ratio is 53.86%.

MAIN has been the topic of a number of recent analyst reports. TheStreet cut Main Street Capital from a “b” rating to a “c+” rating in a research note on Friday, February 25th. StockNews.com initiated coverage on Main Street Capital in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Hovde Group initiated coverage on Main Street Capital in a research note on Monday, March 7th. They issued a “market perform” rating and a $44.00 price objective on the stock. Finally, Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Main Street Capital has an average rating of “Hold” and an average target price of $44.83.

In other Main Street Capital news, Director John Earl Jackson acquired 1,800 shares of the business’s stock in a transaction dated Friday, March 25th. The stock was bought at an average price of $42.22 per share, with a total value of $75,996.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Vincent D. Foster sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $43.15, for a total value of $2,157,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 150,010 shares of company stock valued at $6,403,425 in the last ninety days. Insiders own 4.56% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new position in shares of Main Street Capital during the fourth quarter worth about $38,000. NEXT Financial Group Inc boosted its stake in Main Street Capital by 26.1% in the fourth quarter. NEXT Financial Group Inc now owns 2,201 shares of the financial services provider’s stock worth $98,000 after buying an additional 455 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in Main Street Capital in the fourth quarter worth approximately $311,000. V Wealth Advisors LLC boosted its stake in Main Street Capital by 6.3% in the fourth quarter. V Wealth Advisors LLC now owns 7,645 shares of the financial services provider’s stock worth $343,000 after buying an additional 450 shares in the last quarter. Finally, Credit Suisse AG purchased a new stake in Main Street Capital in the fourth quarter worth approximately $426,000. 17.84% of the stock is owned by institutional investors.

About Main Street Capital (Get Rating)

Main Street Capital Corporation is a private equity firm 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.

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Earnings History for Main Street Capital (NYSE:MAIN)

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