Main Street Capital Corporation (NYSE:MAIN) Receives Average Rating of “Hold” from Brokerages

Main Street Capital Corporation (NYSE:MAIN) has been given a consensus rating of “Hold” by the nine research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $62.4286.

A number of research analysts recently issued reports on MAIN shares. Wall Street Zen lowered Main Street Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Royal Bank Of Canada reduced their target price on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 9th. B. Riley decreased their target price on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Citizens Jmp initiated coverage on Main Street Capital in a research note on Monday, December 8th. They issued a “market outperform” rating and a $70.00 price target for the company. Finally, JMP Securities set a $70.00 price objective on shares of Main Street Capital in a research report on Monday, December 8th.

Main Street Capital Price Performance

Shares of Main Street Capital stock opened at $60.37 on Thursday. The firm has a market cap of $5.41 billion, a PE ratio of 10.01 and a beta of 0.80. Main Street Capital has a 12-month low of $47.00 and a 12-month high of $67.77. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $58.62 and its two-hundred day simple moving average is $61.45.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.09). The firm had revenue of $151.23 million for the quarter, compared to the consensus estimate of $140.53 million. Main Street Capital had a net margin of 95.59% and a return on equity of 12.39%. As a group, equities analysts expect that Main Street Capital will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 5.2%. Main Street Capital’s payout ratio is currently 50.75%.

Institutional Trading of Main Street Capital

Several institutional investors and hedge funds have recently bought and sold shares of MAIN. Quest 10 Wealth Builders Inc. bought a new stake in Main Street Capital in the third quarter worth $25,000. City Holding Co. purchased a new position in shares of Main Street Capital in the 3rd quarter worth about $26,000. Smartleaf Asset Management LLC boosted its stake in Main Street Capital by 109.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 250 shares in the last quarter. Assetmark Inc. boosted its stake in Main Street Capital by 203.0% in the 3rd quarter. Assetmark Inc. now owns 506 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 339 shares in the last quarter. Finally, Archer Investment Corp grew its position in Main Street Capital by 134.5% during the 3rd quarter. Archer Investment Corp now owns 544 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 312 shares during the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.