Brokerages Set Main Street Capital Corporation (NYSE:MAIN) PT at $62.43

Shares of Main Street Capital Corporation (NYSE:MAIN) have been given an average rating of “Hold” by the nine research firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $62.4286.

A number of analysts have recently issued reports on the stock. B. Riley cut their price target on shares of Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b+)” rating on shares of Main Street Capital in a research note on Monday, December 22nd. Citigroup assumed coverage on Main Street Capital in a research report on Monday, December 8th. They issued an “outperform” rating on the stock. Truist Financial lowered their price target on Main Street Capital from $64.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, October 15th. Finally, Wall Street Zen downgraded Main Street Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th.

Main Street Capital Stock Up 0.4%

NYSE MAIN opened at $60.42 on Thursday. The business’s fifty day simple moving average is $58.88 and its 200-day simple moving average is $61.53. 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 $5.41 billion, a PE ratio of 10.02 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.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.09). Main Street Capital had a return on equity of 12.39% and a net margin of 95.59%.The firm had revenue of $151.23 million for the quarter, compared to analyst estimates of $140.53 million. As a group, equities analysts anticipate that Main Street Capital will post 4.11 earnings per share 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. Stockholders of record on Friday, March 6th will be paid a $0.26 dividend. 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 payout ratio is 50.75%.

Institutional Trading of Main Street Capital

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in Main Street Capital during the fourth quarter worth $304,000. Delta Investment Management LLC grew its stake in shares of Main Street Capital by 42.4% in the first quarter. Delta Investment Management LLC now owns 37,425 shares of the financial services provider’s stock valued at $2,117,000 after buying an additional 11,145 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Main Street Capital in the 1st quarter valued at $58,000. State of Wyoming acquired a new position in Main Street Capital during the 1st quarter worth about $155,000. Finally, Magnetar Financial LLC purchased a new position in Main Street Capital during the 1st quarter valued at about $301,000. 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.