Shares of Main Street Capital Co. (NYSE:MAIN) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $37.78.

Several analysts recently commented on MAIN shares. Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, November 8th. National Securities restated a “sell” rating and issued a $33.00 target price on shares of Main Street Capital in a research report on Monday, November 6th. BidaskClub cut Main Street Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine upgraded Main Street Capital from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Raymond James Financial raised Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th.

Shares of Main Street Capital (MAIN) traded up $0.22 during trading on Friday, hitting $40.46. The stock had a trading volume of 218,400 shares, compared to its average volume of 234,651. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $2,290.00, a PE ratio of 17.39 and a beta of 1.04. Main Street Capital has a fifty-two week low of $35.25 and a fifty-two week high of $41.79.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Main Street Capital had a return on equity of 10.14% and a net margin of 79.87%. The firm had revenue of $51.79 million for the quarter, compared to analysts’ expectations of $50.89 million. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. research analysts forecast that Main Street Capital will post 2.33 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Thursday, January 18th. Main Street Capital’s dividend payout ratio is presently 80.57%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAIN. Aperio Group LLC bought a new stake in shares of Main Street Capital during the 2nd quarter worth $204,000. US Bancorp DE boosted its stake in shares of Main Street Capital by 15.6% during the 2nd quarter. US Bancorp DE now owns 3,707 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 500 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Main Street Capital by 18.1% during the 2nd quarter. IFP Advisors Inc now owns 14,883 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 2,285 shares in the last quarter. IFC Holdings Incorporated FL boosted its stake in shares of Main Street Capital by 23.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 8,048 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Main Street Capital by 17.2% in the second quarter. Legal & General Group Plc now owns 147,826 shares of the financial services provider’s stock valued at $5,690,000 after purchasing an additional 21,729 shares in the last quarter. 27.23% of the stock is owned by institutional investors and hedge funds.

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About Main Street Capital

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 (NYSE:MAIN)

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