Main Street Capital Co. (NYSE:MAIN) Receives Average Recommendation of “Hold” from Analysts

Main Street Capital Co. (NYSE:MAINGet Free Report) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $47.67.

A number of research analysts have recently commented on MAIN shares. Truist Financial upped their price target on Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Oppenheimer upped their target price on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. UBS Group raised their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada upped their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, B. Riley lifted their target price on Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th.

Check Out Our Latest Research Report on MAIN

Main Street Capital Stock Performance

NYSE:MAIN opened at $49.76 on Friday. The firm has a market capitalization of $4.27 billion, a PE ratio of 9.08 and a beta of 1.28. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Main Street Capital has a 1 year low of $37.70 and a 1 year high of $51.10. The firm’s fifty day simple moving average is $48.95 and its 200 day simple moving average is $46.26.

Main Street Capital (NYSE:MAINGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. The company had revenue of $131.61 million for the quarter, compared to the consensus estimate of $128.00 million. During the same period last year, the business posted $1.02 earnings per share. On average, sell-side analysts anticipate that Main Street Capital will post 4.06 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 24th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 21st. This represents a yield of 7.55%. Main Street Capital’s payout ratio is currently 52.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verity Asset Management Inc. lifted its holdings in shares of Main Street Capital by 8.6% during the first quarter. Verity Asset Management Inc. now owns 5,065 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 400 shares during the period. Cetera Advisors LLC increased its position in shares of Main Street Capital by 49.0% during the 1st quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock worth $1,650,000 after purchasing an additional 11,464 shares in the last quarter. Cetera Investment Advisers bought a new position in Main Street Capital during the 1st quarter valued at about $2,669,000. Virtu Financial LLC acquired a new position in Main Street Capital in the first quarter valued at about $234,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in Main Street Capital during the first quarter worth about $286,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Company Profile

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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.

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Analyst Recommendations for Main Street Capital (NYSE:MAIN)

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