Main Street Capital Corporation (NYSE:MAIN) Receives $61.71 Average Price Target from Brokerages

Shares of Main Street Capital Corporation (NYSE:MAIN) have earned an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $61.7143.

A number of equities research analysts have weighed in on the company. Loop Capital upgraded Main Street Capital to a “neutral” rating and set a $65.00 price objective for the company in a research note on Thursday, January 15th. Noble Financial restated a “neutral” rating on shares of Main Street Capital in a research note on Thursday, January 15th. Wall Street Zen upgraded Main Street Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Main Street Capital in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada decreased their target price on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, December 9th.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $54.08 on Friday. Main Street Capital has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The business has a 50 day moving average price of $57.66 and a two-hundred day moving average price of $59.25. 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 firm has a market cap of $4.87 billion, a PE ratio of 9.80 and a beta of 0.80.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%.The firm had revenue of $156.17 million during the quarter, compared to analyst estimates of $141.50 million. Sell-side analysts expect that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 8th will be given a $0.30 dividend. The ex-dividend date 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%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quest 10 Wealth Builders Inc. acquired a new position in shares of Main Street Capital in the 3rd quarter worth approximately $25,000. City Holding Co. acquired a new position in shares of Main Street Capital in the 3rd quarter worth approximately $26,000. Garner Asset Management Corp acquired a new position in shares of Main Street Capital in the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 250 shares in the last quarter. Finally, Investors Research Corp bought a new stake in shares of Main Street Capital in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

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.