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

Main Street Capital Corporation (NYSE:MAIN) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $62.4286.

Several equities research analysts recently commented on the company. Zacks Research cut Main Street Capital from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Royal Bank Of Canada dropped their price target on shares of Main Street Capital from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, December 9th. Citigroup initiated coverage on shares of Main Street Capital in a report on Monday, December 8th. They set an “outperform” rating for the company. Finally, Citizens Jmp began coverage on shares of Main Street Capital in a report on Monday, December 8th. They issued a “market outperform” rating and a $70.00 target price on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Main Street Capital by 49.0% in the second quarter. JPMorgan Chase & Co. now owns 200,717 shares of the financial services provider’s stock worth $11,862,000 after buying an additional 65,979 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Main Street Capital in the second quarter worth $1,685,000. Nabity Jensen Investment Management Inc bought a new stake in shares of Main Street Capital in the 2nd quarter worth about $237,000. U.S. Capital Wealth Advisors LLC lifted its stake in Main Street Capital by 8.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 139,452 shares of the financial services provider’s stock worth $8,242,000 after purchasing an additional 10,853 shares during the last quarter. Finally, Delta Investment Management LLC grew its stake in shares of Main Street Capital by 42.4% during the first quarter. Delta Investment Management LLC now owns 37,425 shares of the financial services provider’s stock valued at $2,117,000 after buying an additional 11,145 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

Shares of MAIN opened at $60.37 on Thursday. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77. The company has a market capitalization of $5.41 billion, a P/E ratio of 10.01 and a beta of 0.80. The firm has a 50 day moving average of $58.62 and a 200 day moving average of $61.45. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12.

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

Main Street Capital Dividend Announcement

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

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.