Main Street Capital Corporation (NYSE:MAIN) has received an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $37.65.

MAIN has been the subject of several recent analyst reports. Vetr raised shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $40.90 target price for the company in a research note on Wednesday, May 10th. Zacks Investment Research cut shares of Main Street Capital Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Citigroup Inc. cut shares of Main Street Capital Corporation from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 10th. They noted that the move was a valuation call. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Main Street Capital Corporation in a report on Wednesday, May 10th. Finally, 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 Corporation in a report on Thursday, May 18th.

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Main Street Capital Corporation (NYSE:MAIN) traded up 0.39% during trading on Tuesday, reaching $38.58. 155,405 shares of the company were exchanged. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 13.36 and a beta of 1.04. Main Street Capital Corporation has a 52-week low of $32.12 and a 52-week high of $40.86. The firm has a 50-day moving average of $38.55 and a 200-day moving average of $37.78.

Main Street Capital Corporation (NYSE:MAIN) last issued its earnings results on Thursday, May 4th. The financial services provider reported $0.56 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. Main Street Capital Corporation had a net margin of 83.34% and a return on equity of 10.01%. The firm had revenue of $47.90 million during the quarter, compared to the consensus estimate of $47.24 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts forecast that Main Street Capital Corporation will post $2.26 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be paid a $0.185 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Thursday, August 17th. Main Street Capital Corporation’s dividend payout ratio is currently 76.82%.

Hedge funds have recently made changes to their positions in the stock. Muzinich & Co. Inc. boosted its stake in shares of Main Street Capital Corporation by 83.4% in the first quarter. Muzinich & Co. Inc. now owns 2,179,673 shares of the financial services provider’s stock worth $83,416,000 after buying an additional 991,007 shares in the last quarter. M&T Bank Corp bought a new position in shares of Main Street Capital Corporation during the first quarter valued at $12,791,000. UBS Group AG raised its position in shares of Main Street Capital Corporation by 90.7% in the first quarter. UBS Group AG now owns 663,492 shares of the financial services provider’s stock valued at $25,392,000 after buying an additional 315,622 shares during the last quarter. Blair William & Co. IL bought a new position in shares of Main Street Capital Corporation during the first quarter valued at $4,257,000. Finally, California Public Employees Retirement System raised its position in shares of Main Street Capital Corporation by 746.5% in the first quarter. California Public Employees Retirement System now owns 107,500 shares of the financial services provider’s stock valued at $4,114,000 after buying an additional 94,800 shares during the last quarter. Hedge funds and other institutional investors own 27.09% of the company’s stock.

Main Street Capital Corporation 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.

Analyst Recommendations for Main Street Capital Corporation (NYSE:MAIN)

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