Main Street Capital Co. (NYSE:MAIN) Given Consensus Recommendation of “Hold” by Brokerages

Main Street Capital Co. (NYSE:MAIN) has earned an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $48.40.

Several research analysts recently commented on MAIN shares. B. Riley lifted their target price on shares of Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Oppenheimer lifted their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Finally, Truist Financial lifted their target price on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, May 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAIN. Cetera Investment Advisers boosted its position in shares of Main Street Capital by 9.1% during the 2nd quarter. Cetera Investment Advisers now owns 61,527 shares of the financial services provider’s stock valued at $3,107,000 after acquiring an additional 5,122 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Main Street Capital by 3.9% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 54,988 shares of the financial services provider’s stock valued at $2,776,000 after acquiring an additional 2,049 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 405 shares in the last quarter. Creative Planning boosted its position in shares of Main Street Capital by 6.0% during the 2nd quarter. Creative Planning now owns 53,399 shares of the financial services provider’s stock valued at $2,696,000 after acquiring an additional 3,002 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Main Street Capital by 238.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock valued at $1,718,000 after acquiring an additional 23,970 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Down 0.1 %

Main Street Capital stock opened at $49.29 on Wednesday. The company has a market capitalization of $4.22 billion, a P/E ratio of 8.99 and a beta of 1.29. The firm’s fifty day simple moving average is $50.17 and its 200-day simple moving average is $48.47. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Main Street Capital has a 1-year low of $37.70 and a 1-year high of $52.39.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. During the same quarter last year, the firm earned $1.06 EPS. Sell-side analysts forecast that Main Street Capital will post 4.08 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 20th. Main Street Capital’s payout ratio is 53.65%.

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.