Main Street Capital Corporation (NYSE:MAIN) Receives $59.14 Average Target Price from Analysts

Shares of Main Street Capital Corporation (NYSE:MAIN) have received an average rating of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $59.1429.

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Main Street Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Citizens Jmp reduced their price target on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on shares of Main Street Capital in a research report on Friday, May 22nd. They issued an “equal weight” rating and a $50.00 price target on the stock. Weiss Ratings downgraded shares of Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reduced their price target on shares of Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th.

Main Street Capital Price Performance

Shares of MAIN stock opened at $50.45 on Thursday. The firm has a market cap of $4.69 billion, a P/E ratio of 10.62 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.06 and a quick ratio of 0.06. Main Street Capital has a 1-year low of $48.95 and a 1-year high of $67.77. The firm has a fifty day moving average of $52.64 and a two-hundred day moving average of $56.89.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). The company had revenue of $73.44 million for the quarter, compared to analyst estimates of $145.23 million. Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%. As a group, research analysts anticipate that Main Street Capital will post 3.78 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th will be given a $0.265 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 8th. Main Street Capital’s dividend payout ratio (DPR) is presently 65.68%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Main Street Capital by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,734,461 shares of the financial services provider’s stock worth $165,135,000 after buying an additional 162,580 shares during the last quarter. Van ECK Associates Corp lifted its position in Main Street Capital by 100.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,448,201 shares of the financial services provider’s stock valued at $155,681,000 after purchasing an additional 1,229,863 shares during the last quarter. Corient Private Wealth LLC lifted its position in Main Street Capital by 3,880.8% in the 4th quarter. Corient Private Wealth LLC now owns 890,461 shares of the financial services provider’s stock valued at $53,774,000 after purchasing an additional 868,092 shares during the last quarter. UBS Group AG lifted its position in Main Street Capital by 160.7% in the 3rd quarter. UBS Group AG now owns 866,884 shares of the financial services provider’s stock valued at $55,125,000 after purchasing an additional 534,374 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Main Street Capital by 15.2% in the 4th quarter. Legal & General Group Plc now owns 719,967 shares of the financial services provider’s stock valued at $43,479,000 after purchasing an additional 95,177 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Company Profile

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.