Main Street Capital Corporation (NYSE:MAIN) Given Average Rating of “Hold” by Analysts

Main Street Capital Corporation (NYSE:MAIN) has received a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $59.60.

A number of brokerages recently issued reports on MAIN. Wall Street Zen cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Zacks Research downgraded shares of Main Street Capital from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Royal Bank Of Canada boosted their price target on Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Truist Financial cut their price target on Main Street Capital from $64.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, October 15th. Finally, B. Riley reduced their price objective on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th.

Institutional Trading of Main Street Capital

A number of institutional investors and hedge funds have recently bought and sold shares of MAIN. Quest 10 Wealth Builders Inc. purchased a new position in Main Street Capital in the third quarter worth about $25,000. City Holding Co. bought a new stake in shares of Main Street Capital during the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its holdings in Main Street Capital by 109.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 250 shares during the last quarter. Assetmark Inc. lifted its position in Main Street Capital by 203.0% in the 3rd quarter. Assetmark Inc. now owns 506 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 339 shares in the last quarter. Finally, Archer Investment Corp lifted its position in Main Street Capital by 134.5% in the 3rd quarter. Archer Investment Corp now owns 544 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 312 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Price Performance

Shares of MAIN stock opened at $59.99 on Friday. The business’s fifty day moving average is $58.57 and its 200 day moving average is $60.97. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 9.95 and a beta of 0.80. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.09). The business had revenue of $151.23 million for the quarter, compared to the consensus estimate of $140.53 million. Main Street Capital had a net margin of 95.59% and a return on equity of 12.39%. Research analysts expect that Main Street Capital will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, March 6th will be given a $0.26 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. Main Street Capital’s payout ratio is currently 50.75%.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.