Main Street Capital Co. (NYSE:MAIN) – Stock analysts at SunTrust Banks boosted their FY2017 earnings per share (EPS) estimates for shares of Main Street Capital in a note issued to investors on Tuesday. SunTrust Banks analyst D. Mewhirter now anticipates that the financial services provider will post earnings per share of $2.39 for the year, up from their prior estimate of $2.35. SunTrust Banks also issued estimates for Main Street Capital’s Q4 2017 earnings at $0.63 EPS.
Several other analysts have also recently issued reports on the stock. National Securities reaffirmed a “sell” rating and set a $33.00 price objective on shares of Main Street Capital in a research note on Monday, November 6th. Zacks Investment Research raised shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, November 8th. BidaskClub raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Raymond James Financial raised shares of Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.18.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. Main Street Capital had a net margin of 79.87% and a return on equity of 10.14%. The company had revenue of $51.79 million during the quarter, compared to analysts’ expectations of $50.89 million. During the same quarter in the prior year, the company earned $0.58 EPS. Main Street Capital’s revenue was up 11.1% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $119,000. JPMorgan Chase & Co. grew its stake in shares of Main Street Capital by 59.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock valued at $184,000 after buying an additional 1,727 shares during the period. Good Life Advisors LLC purchased a new stake in shares of Main Street Capital in the 3rd quarter valued at approximately $203,000. GSA Capital Partners LLP purchased a new stake in shares of Main Street Capital in the 3rd quarter valued at approximately $208,000. Finally, Stifel Financial Corp purchased a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $231,000. 27.04% of the stock is owned by institutional investors and hedge funds.
The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.28 annualized dividend and a dividend yield of 5.84%. Main Street Capital’s dividend payout ratio (DPR) is 80.57%.
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.
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