Main Street Capital Corporation (NYSE:MAIN) Given Consensus Rating of “Hold” by Analysts

Shares of Main Street Capital Corporation (NYSE:MAIN) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $59.60.

Several equities research analysts have recently commented on MAIN shares. B. Riley decreased their target price on shares of Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Truist Financial reduced their price objective 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. Zacks Research cut Main Street Capital from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Main Street Capital in a research report on Monday, November 24th. Finally, Royal Bank Of Canada upped their price objective on shares of Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th.

Institutional Investors Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in Main Street Capital by 100.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,448,201 shares of the financial services provider’s stock valued at $155,681,000 after purchasing an additional 1,229,863 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Main Street Capital by 45,123.0% during the first quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider’s stock valued at $33,405,000 after buying an additional 589,307 shares during the last quarter. UBS Group AG increased its holdings in Main Street Capital by 160.7% in the 3rd quarter. UBS Group AG now owns 866,884 shares of the financial services provider’s stock worth $55,125,000 after buying an additional 534,374 shares in the last quarter. Invesco Ltd. raised its position in Main Street Capital by 282.5% in the 1st quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider’s stock worth $30,105,000 after buying an additional 393,101 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Main Street Capital by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 382,450 shares of the financial services provider’s stock valued at $24,320,000 after acquiring an additional 181,733 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Performance

NYSE MAIN opened at $58.45 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $5.24 billion, a PE ratio of 9.63 and a beta of 0.84. Main Street Capital has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The firm’s fifty day moving average price is $58.96 and its two-hundred day moving average price is $60.88.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.09). Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The company had revenue of $151.23 million for the quarter, compared to the consensus estimate of $140.53 million. On average, equities analysts expect that Main Street Capital will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be paid a $0.26 dividend. The ex-dividend date is Friday, March 6th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Main Street Capital’s payout ratio is presently 50.75%.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.