Main Street Capital Co. (NYSE:MAIN) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $37.98.
A number of research analysts have commented on MAIN shares. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, November 8th. National Securities restated a “sell” rating and issued a $33.00 price objective on shares of Main Street Capital in a research note on Monday, November 6th. BidaskClub lowered shares of Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th. Finally, Raymond James Financial upgraded shares of Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th.
Institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Main Street Capital by 89.1% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 148,463 shares of the financial services provider’s stock worth $5,904,000 after acquiring an additional 69,939 shares during the period. Wellington Shields Capital Management LLC increased its stake in shares of Main Street Capital by 72.0% during the third quarter. Wellington Shields Capital Management LLC now owns 59,700 shares of the financial services provider’s stock worth $2,373,000 after acquiring an additional 25,000 shares during the period. Texas Yale Capital Corp. increased its stake in shares of Main Street Capital by 9.3% during the third quarter. Texas Yale Capital Corp. now owns 70,423 shares of the financial services provider’s stock worth $2,799,000 after acquiring an additional 6,000 shares during the period. Magnetar Financial LLC acquired a new position in shares of Main Street Capital during the third quarter worth about $1,056,000. Finally, Texan Capital Management increased its stake in shares of Main Street Capital by 96,443.2% during the third quarter. Texan Capital Management now owns 140,953 shares of the financial services provider’s stock worth $5,603,000 after acquiring an additional 140,807 shares during the period. Institutional investors and hedge funds own 26.96% of the company’s stock.
Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $51.79 million for the quarter, compared to analyst estimates of $50.89 million. Main Street Capital had a net margin of 79.87% and a return on equity of 10.14%. Main Street Capital’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share. research analysts anticipate that Main Street Capital will post 2.34 EPS for the current fiscal year.
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 dividend of $0.19 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.84%. Main Street Capital’s dividend payout ratio (DPR) is 80.57%.
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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.
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