Oppenheimer Boosts Main Street Capital (NYSE:MAIN) Price Target to $44.00

Main Street Capital (NYSE:MAIN) had its price objective hoisted by Oppenheimer from $43.00 to $44.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Truist Financial raised their price objective on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a hold rating in a report on Monday, May 13th. B. Riley lifted their target price on Main Street Capital from $47.00 to $49.00 and gave the company a neutral rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada upped their price target on Main Street Capital from $48.00 to $52.00 and gave the stock an outperform rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Main Street Capital currently has a consensus rating of Hold and an average target price of $48.40.

Main Street Capital Stock Performance

Shares of Main Street Capital stock opened at $49.28 on Tuesday. Main Street Capital has a 1 year low of $37.70 and a 1 year high of $52.39. The firm’s 50-day moving average is $50.14 and its 200 day moving average is $48.22. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 8.99 and a beta of 1.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. The firm had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. Sell-side analysts anticipate that Main Street Capital will post 4.08 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be paid a $0.245 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Friday, December 6th. Main Street Capital’s dividend payout ratio (DPR) is presently 53.65%.

Institutional Trading of Main Street Capital

Hedge funds have recently bought and sold shares of the stock. Paradiem LLC lifted its position in Main Street Capital by 53.5% during the fourth quarter. Paradiem LLC now owns 183,490 shares of the financial services provider’s stock valued at $7,932,000 after acquiring an additional 63,928 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Main Street Capital by 226.1% in the 4th quarter. Corient Private Wealth LLC now owns 29,996 shares of the financial services provider’s stock worth $1,297,000 after purchasing an additional 20,799 shares in the last quarter. First Financial Bankshares Inc purchased a new position in Main Street Capital during the 4th quarter worth $6,122,000. Freestone Capital Holdings LLC acquired a new position in Main Street Capital during the 1st quarter valued at about $568,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Main Street Capital in the fourth quarter worth about $273,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

About Main Street Capital

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.