Analysts Set Main Street Capital Corporation (NYSE:MAIN) Price Target at $61.71

Main Street Capital Corporation (NYSE:MAIN) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $61.7143.

A number of research firms have recently weighed in on MAIN. Citigroup reissued an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Citizens Jmp set a $70.00 target price on shares of Main Street Capital in a research note on Monday, December 8th. Wall Street Zen upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reissued a “buy (b+)” rating on shares of Main Street Capital in a report on Monday, December 22nd. Finally, Loop Capital upgraded shares of Main Street Capital to a “neutral” rating and set a $65.00 price objective on the stock in a research report on Thursday, January 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Main Street Capital by 49.0% during the second quarter. JPMorgan Chase & Co. now owns 200,717 shares of the financial services provider’s stock valued at $11,862,000 after acquiring an additional 65,979 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Main Street Capital in the second quarter valued at $1,685,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Main Street Capital by 5,556.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 36,144 shares of the financial services provider’s stock valued at $2,298,000 after acquiring an additional 35,505 shares in the last quarter. CWM LLC increased its position in Main Street Capital by 100.3% during the 3rd quarter. CWM LLC now owns 65,246 shares of the financial services provider’s stock valued at $4,149,000 after purchasing an additional 32,667 shares during the period. Finally, Westbourne Investment Advisors Inc. purchased a new position in Main Street Capital during the 2nd quarter valued at $739,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 3.6%

NYSE MAIN opened at $54.65 on Tuesday. The firm has a market cap of $4.92 billion, a PE ratio of 9.90 and a beta of 0.80. Main Street Capital has a 1-year low of $47.00 and a 1-year high of $67.77. The stock has a 50-day moving average of $60.65 and a 200-day moving average of $60.75. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $156.17 million for the quarter, compared to analyst estimates of $141.50 million. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%. As a group, sell-side analysts forecast that Main Street Capital will post 4.11 EPS for the current year.

Main Street Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Main Street Capital’s dividend payout ratio (DPR) is presently 56.52%.

About Main Street Capital

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.