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

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

MAIN has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “buy (b+)” rating on shares of Main Street Capital in a research report on Monday, December 22nd. Royal Bank Of Canada lowered their price target 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. Citigroup reaffirmed an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Finally, Citizens Jmp set a $70.00 price objective on Main Street Capital in a report on Monday, December 8th.

Main Street Capital Trading Down 0.9%

NYSE MAIN opened at $56.86 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $5.12 billion, a P/E ratio of 10.30 and a beta of 0.80. The firm’s 50-day moving average is $60.91 and its two-hundred day moving average is $60.88. Main Street Capital has a 12 month low of $47.00 and a 12 month high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results 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. The business had revenue of $156.17 million during the quarter, compared to analysts’ expectations of $141.50 million. Main Street Capital had a net margin of 87.11% and a return on equity of 12.44%. On average, sell-side analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current year.

Main Street Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, April 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. Main Street Capital’s dividend payout ratio is 56.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in Main Street Capital during the 4th quarter worth approximately $304,000. NewEdge Advisors LLC boosted its position in Main Street Capital by 5,416.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,655 shares of the financial services provider’s stock valued at $94,000 after buying an additional 1,625 shares during the period. Envestnet Asset Management Inc. boosted its position in Main Street Capital by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 120,003 shares of the financial services provider’s stock valued at $7,092,000 after buying an additional 2,007 shares during the period. First Horizon Advisors Inc. acquired a new position in shares of Main Street Capital in the second quarter worth $50,000. Finally, Prospera Financial Services Inc increased its position in shares of Main Street Capital by 0.5% during the second quarter. Prospera Financial Services Inc now owns 49,734 shares of the financial services provider’s stock worth $2,942,000 after acquiring an additional 269 shares during the period. Hedge funds and other institutional investors 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.