Main Street Capital (NYSE:MAIN) PT Raised to $49.00

Main Street Capital (NYSE:MAIN) had its price objective lifted by investment analysts at B. Riley from $47.00 to $49.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. B. Riley’s target price suggests a potential downside of 1.72% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Truist Financial lifted their price objective on Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday. Royal Bank of Canada boosted their price target on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. UBS Group boosted their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Oppenheimer boosted their price target on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.67.

Main Street Capital Stock Performance

NYSE:MAIN opened at $49.86 on Monday. The stock has a market cap of $4.24 billion, a P/E ratio of 9.10 and a beta of 1.25. The stock has a 50 day simple moving average of $47.70 and a 200 day simple moving average of $44.75. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. Main Street Capital has a 1-year low of $37.70 and a 1-year high of $51.10.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The firm had revenue of $131.61 million during the quarter, compared to analysts’ expectations of $128.00 million. Main Street Capital had a return on equity of 15.06% and a net margin of 89.11%. During the same period in the previous year, the firm earned $1.02 EPS. Research analysts anticipate that Main Street Capital will post 4.07 earnings per share for the current year.

Institutional Investors Weigh In On Main Street Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in Main Street Capital by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 19,008 shares of the financial services provider’s stock worth $899,000 after acquiring an additional 6,468 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of Main Street Capital in the first quarter valued at about $568,000. Natixis increased its stake in shares of Main Street Capital by 27.4% in the first quarter. Natixis now owns 24,878 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 5,350 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Main Street Capital by 1.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 74,364 shares of the financial services provider’s stock valued at $3,523,000 after buying an additional 1,107 shares during the period. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Main Street Capital by 1.4% in the first quarter. Burgundy Asset Management Ltd. now owns 1,089,159 shares of the financial services provider’s stock valued at $51,528,000 after buying an additional 15,392 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Company Profile

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.