Brokerages Set Main Street Capital Co. (NYSE:MAIN) Price Target at $44.20

Shares of Main Street Capital Co. (NYSE:MAINGet Rating) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two 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 $44.20.

A number of research firms have issued reports on MAIN. StockNews.com began coverage on Main Street Capital in a report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet lowered Main Street Capital from a “b” rating to a “c+” rating in a report on Friday, February 25th. Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Hovde Group began coverage on Main Street Capital in a report on Monday, March 7th. They issued a “market perform” rating and a $44.00 target price on the stock.

In related news, Director John Earl Jackson bought 1,800 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The stock was acquired at an average price of $42.22 per share, for a total transaction of $75,996.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Vincent D. Foster sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $43.15, for a total value of $2,157,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 150,010 shares of company stock worth $6,403,425 in the last three months. 4.56% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of MAIN. Two Sigma Advisers LP raised its position in Main Street Capital by 516.3% in the 3rd quarter. Two Sigma Advisers LP now owns 185,381 shares of the financial services provider’s stock valued at $7,619,000 after purchasing an additional 155,303 shares during the last quarter. Two Sigma Investments LP raised its position in Main Street Capital by 234.4% in the 3rd quarter. Two Sigma Investments LP now owns 179,452 shares of the financial services provider’s stock valued at $7,375,000 after purchasing an additional 125,787 shares during the last quarter. Millennium Management LLC raised its position in Main Street Capital by 92.1% in the 4th quarter. Millennium Management LLC now owns 235,837 shares of the financial services provider’s stock valued at $10,580,000 after purchasing an additional 113,098 shares during the last quarter. BlackRock Inc. raised its position in Main Street Capital by 26.4% in the 3rd quarter. BlackRock Inc. now owns 525,860 shares of the financial services provider’s stock valued at $21,613,000 after purchasing an additional 109,719 shares during the last quarter. Finally, Morgan Stanley raised its position in Main Street Capital by 24.5% in the 2nd quarter. Morgan Stanley now owns 538,140 shares of the financial services provider’s stock valued at $22,112,000 after purchasing an additional 106,040 shares during the last quarter. Institutional investors and hedge funds own 17.21% of the company’s stock.

Shares of NYSE MAIN traded up $0.12 during mid-day trading on Thursday, reaching $38.73. 6,918 shares of the company traded hands, compared to its average volume of 346,689. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market cap of $2.78 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. The company’s fifty day moving average is $41.54 and its two-hundred day moving average is $43.15. Main Street Capital has a fifty-two week low of $37.91 and a fifty-two week high of $47.13.

Main Street Capital (NYSE:MAINGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Main Street Capital had a return on equity of 11.70% and a net margin of 110.79%. During the same quarter last year, the business posted $0.58 EPS. Research analysts forecast that Main Street Capital will post 2.85 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.215 per share. This represents a $2.58 annualized dividend and a dividend yield of 6.66%. The ex-dividend date is Thursday, September 1st. Main Street Capital’s payout ratio is presently 53.09%.

Main Street Capital Company Profile (Get Rating)

Main Street Capital Corporation is a private equity firm 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.

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