Main Street Capital Co. (MAIN) Given Average Recommendation of “Hold” by Brokerages
Shares of Main Street Capital Co. (NYSE:MAIN) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the company. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $37.65.
A number of analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price target (up previously from $35.00) on shares of Main Street Capital in a research note on Thursday. Vetr upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $40.90 price target for the company in a research note on Wednesday, May 10th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Main Street Capital in a research note on Wednesday, May 10th. National Securities reiterated a “sell” rating and issued a $33.00 price target on shares of Main Street Capital in a research note on Wednesday, May 10th. Finally, Citigroup Inc cut shares of Main Street Capital from a “market perform” rating to an “underperform” rating in a research note on Wednesday, May 10th. They noted that the move was a valuation call.
Several hedge funds have recently bought and sold shares of MAIN. Northwestern Mutual Wealth Management Co. bought a new stake in Main Street Capital during the first quarter worth about $101,000. US Bancorp DE boosted its stake in Main Street Capital by 20.7% in the first quarter. US Bancorp DE now owns 3,207 shares of the financial services provider’s stock worth $123,000 after buying an additional 549 shares in the last quarter. Global X Management Co. LLC boosted its stake in Main Street Capital by 49.7% in the first quarter. Global X Management Co. LLC now owns 3,657 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,214 shares in the last quarter. Green Square Capital LLC bought a new stake in Main Street Capital during the first quarter worth about $204,000. Finally, United Capital Financial Advisers LLC bought a new stake in Main Street Capital during the fourth quarter worth about $205,000. Institutional investors own 25.83% of the company’s stock.
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Shares of Main Street Capital (NYSE:MAIN) traded up 0.29% on Monday, reaching $38.28. 155,413 shares of the company traded hands. The stock has a 50 day moving average of $39.00 and a 200 day moving average of $37.17. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 13.25 and a beta of 1.10. Main Street Capital has a 52-week low of $31.36 and a 52-week high of $40.86.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The firm had revenue of $47.90 million during the quarter, compared to analysts’ expectations of $47.24 million. Main Street Capital had a net margin of 56.26% and a return on equity of 10.38%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. On average, analysts expect that Main Street Capital will post $2.24 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.185 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend is Thursday, August 17th. Main Street Capital’s dividend payout ratio is presently 116.84%.
Main Street Capital Company Profile
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.
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