Main Street Capital (NYSE:MAIN) Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Main Street Capital (NYSE:MAIN) from a sell rating to a hold rating in a research note published on Friday morning.

Other research analysts have also recently issued reports about the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Main Street Capital in a report on Tuesday, May 13th. UBS Group lowered their target price on shares of Main Street Capital from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. B. Riley raised shares of Main Street Capital to a “hold” rating in a report on Monday, June 16th. Finally, Truist Financial lowered their target price on shares of Main Street Capital from $62.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and a consensus target price of $52.80.

Main Street Capital Trading Down 0.5%

Shares of MAIN stock opened at $59.00 on Friday. The firm has a 50 day moving average price of $55.70 and a two-hundred day moving average price of $57.14. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $5.25 billion, a PE ratio of 10.02 and a beta of 0.82. Main Street Capital has a 12-month low of $45.00 and a 12-month high of $63.32.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. Main Street Capital had a net margin of 94.61% and a return on equity of 13.02%. The firm had revenue of $137.05 million during the quarter, compared to the consensus estimate of $137.50 million. As a group, analysts predict that Main Street Capital will post 4.11 earnings per share for the current year.

Main Street Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a $0.30 dividend. This represents a yield of 7.26%. This is a boost from Main Street Capital’s previous dividend of $0.25. The ex-dividend date was Friday, June 20th. Main Street Capital’s dividend payout ratio (DPR) is 50.93%.

Insider Activity at Main Street Capital

In related news, EVP Jason B. Beauvais sold 13,664 shares of Main Street Capital stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $59.37, for a total value of $811,231.68. Following the transaction, the executive vice president now directly owns 181,526 shares of the company’s stock, valued at $10,777,198.62. This trade represents a 7.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Main Street Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Network Wealth Advisors LLC bought a new stake in shares of Main Street Capital during the first quarter worth $39,000. Spire Wealth Management bought a new stake in shares of Main Street Capital during the first quarter worth $40,000. Wellington Shields & Co. LLC bought a new stake in shares of Main Street Capital during the first quarter worth $41,000. Kapitalo Investimentos Ltda bought a new stake in shares of Main Street Capital during the fourth quarter worth $45,000. Finally, Colonial Trust Advisors bought a new stake in shares of Main Street Capital during the fourth quarter worth $46,000. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Company Profile

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.