Main Street Capital (NYSE:MAIN) posted its earnings results on Thursday. The financial services provider reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01), Briefing.com reports. Main Street Capital had a return on equity of 10.57% and a net margin of 65.74%. The firm had revenue of $60.07 million for the quarter, compared to analysts’ expectations of $61.26 million. During the same quarter last year, the company posted $0.63 EPS. The firm’s revenue was up 3.1% on a year-over-year basis.
Shares of MAIN traded down $1.29 during mid-day trading on Friday, reaching $42.03. The company had a trading volume of 687,219 shares, compared to its average volume of 238,364. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a 50-day moving average price of $42.74 and a 200 day moving average price of $41.84. Main Street Capital has a 52 week low of $31.95 and a 52 week high of $44.35. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 16.17 and a beta of 0.79.
A number of research analysts have weighed in on the company. National Securities assumed coverage on Main Street Capital in a report on Monday, September 23rd. They set a “neutral” rating and a $40.00 target price on the stock. B. Riley set a $43.00 target price on Main Street Capital and gave the stock a “buy” rating in a report on Tuesday, August 20th. Raymond James downgraded Main Street Capital from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Main Street Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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