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

Shares of Main Street Capital Corporation (NYSE:MAIN) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $62.4286.

Several research firms have recently commented on MAIN. B. Riley cut their price target on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. JMP Securities set a $70.00 price objective on shares of Main Street Capital in a research report on Monday, December 8th. Weiss Ratings restated a “buy (b+)” rating on shares of Main Street Capital in a research note on Monday. Zacks Research lowered shares of Main Street Capital from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada cut their price target on shares of Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, December 9th.

Main Street Capital Stock Performance

NYSE MAIN opened at $60.37 on Thursday. The firm has a market cap of $5.41 billion, a P/E ratio of 10.01 and a beta of 0.80. Main Street Capital has a 52-week low of $47.00 and a 52-week high of $67.77. The business’s 50-day moving average price is $58.62 and its 200 day moving average price is $61.45. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN) last posted 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). Main Street Capital had a net margin of 95.59% and a return on equity of 12.39%. The company had revenue of $151.23 million for the quarter, compared to analysts’ expectations of $140.53 million. On average, equities research analysts expect that Main Street Capital will post 4.11 earnings per share for the current year.

Main Street Capital Announces Dividend

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

Institutional Trading of Main Street Capital

A number of institutional investors have recently modified their holdings of the business. Quest 10 Wealth Builders Inc. purchased a new position in Main Street Capital during the 3rd quarter valued at about $25,000. City Holding Co. acquired a new stake in shares of Main Street Capital in the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its stake in shares of Main Street Capital by 109.6% during 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. raised its position in shares of Main Street Capital by 203.0% during 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 during the last quarter. Finally, Archer Investment Corp lifted its stake in Main Street Capital by 134.5% in the 3rd quarter. Archer Investment Corp now owns 544 shares of the financial services provider’s stock valued at $35,000 after buying an additional 312 shares in 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.