FY2022 Earnings Forecast for Main Street Capital Co. Issued By Oppenheimer (NYSE:MAIN)

Main Street Capital Co. (NYSE:MAINGet Rating) – Stock analysts at Oppenheimer increased their FY2022 earnings per share (EPS) estimates for shares of Main Street Capital in a note issued to investors on Monday, November 7th. Oppenheimer analyst M. Penn now anticipates that the financial services provider will post earnings of $3.22 per share for the year, up from their prior forecast of $2.99. The consensus estimate for Main Street Capital’s current full-year earnings is $3.01 per share. Oppenheimer also issued estimates for Main Street Capital’s Q4 2022 earnings at $0.92 EPS, Q1 2023 earnings at $0.93 EPS, Q2 2023 earnings at $0.94 EPS, Q3 2023 earnings at $0.95 EPS and Q4 2023 earnings at $0.95 EPS.

Several other brokerages also recently issued reports on MAIN. StockNews.com assumed coverage on Main Street Capital in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Raymond James downgraded Main Street Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, August 8th. Hovde Group decreased their target price on Main Street Capital to $40.00 in a research note on Wednesday, October 5th. Finally, TheStreet downgraded Main Street Capital from a “b-” rating to a “c+” rating in a research note on Friday, September 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.67.

Main Street Capital Stock Down 1.2 %

MAIN stock opened at $39.04 on Wednesday. Main Street Capital has a twelve month low of $31.66 and a twelve month high of $47.13. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.85 billion, a P/E ratio of 12.24 and a beta of 1.33. The business’s 50-day moving average price is $36.88 and its 200-day moving average price is $39.01.

Institutional Trading of Main Street Capital

Large investors have recently added to or reduced their stakes in the company. MAI Capital Management increased its stake in Main Street Capital by 6.3% in the 1st quarter. MAI Capital Management now owns 16,546 shares of the financial services provider’s stock worth $706,000 after acquiring an additional 981 shares during the last quarter. WINTON GROUP Ltd increased its stake in Main Street Capital by 7.7% in the 1st quarter. WINTON GROUP Ltd now owns 56,226 shares of the financial services provider’s stock worth $2,397,000 after acquiring an additional 4,022 shares during the last quarter. Meridian Wealth Management LLC increased its stake in Main Street Capital by 3.0% in the 1st quarter. Meridian Wealth Management LLC now owns 86,939 shares of the financial services provider’s stock worth $3,707,000 after acquiring an additional 2,543 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Main Street Capital by 13.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 66,706 shares of the financial services provider’s stock worth $2,852,000 after acquiring an additional 8,165 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Main Street Capital by 1.0% in the 2nd quarter. M&T Bank Corp now owns 52,492 shares of the financial services provider’s stock worth $2,003,000 after acquiring an additional 517 shares during the last quarter. Institutional investors own 19.11% of the company’s stock.

Main Street Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 8th will be paid a $0.225 dividend. This represents a $2.70 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Tuesday, March 7th. Main Street Capital’s payout ratio is 82.76%.

About Main Street Capital

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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.

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Earnings History and Estimates for Main Street Capital (NYSE:MAIN)

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