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

Main Street Capital Co. (NYSE:MAIN) has earned an average rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $48.40.

MAIN has been the topic of several research analyst reports. Truist Financial boosted their target price on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Oppenheimer boosted their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. B. Riley boosted their target price on shares of Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Callahan Advisors LLC raised its stake in Main Street Capital by 1.3% in the 2nd quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 200 shares during the last quarter. PFG Investments LLC increased its stake in shares of Main Street Capital by 1.8% during the 2nd quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 227 shares during the last quarter. Taylor Frigon Capital Management LLC increased its stake in shares of Main Street Capital by 0.6% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 40,320 shares of the financial services provider’s stock valued at $1,908,000 after acquiring an additional 232 shares during the last quarter. NBC Securities Inc. increased its stake in shares of Main Street Capital by 6.7% during the 4th quarter. NBC Securities Inc. now owns 3,686 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 233 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Main Street Capital by 4.7% during the 1st quarter. Global Retirement Partners LLC now owns 5,211 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Shares of Main Street Capital stock opened at $49.40 on Wednesday. The firm has a market capitalization of $4.30 billion, a P/E ratio of 9.01 and a beta of 1.29. Main Street Capital has a 52 week low of $37.70 and a 52 week high of $52.39. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $50.14 and its two-hundred day moving average is $48.57.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The firm had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same period last year, the firm posted $1.06 EPS. Research analysts forecast that Main Street Capital will post 4.13 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 20th. Main Street Capital’s dividend payout ratio is presently 53.65%.

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.