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

Main Street Capital Co. (NYSE:MAIN) has been given a consensus rating of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $45.50.

MAIN has been the subject of a number of research analyst reports. UBS Group raised their price objective on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. B. Riley lowered Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research report on Monday, January 8th. Oppenheimer lifted their price target on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. Truist Financial boosted their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada boosted their target price on Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd.

Institutional Investors Weigh In On Main Street Capital

Several hedge funds have recently added to or reduced their stakes in the business. Impact Partnership Wealth LLC raised its position in shares of Main Street Capital by 562.3% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,000 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 849 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Main Street Capital by 73.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 483 shares during the last quarter. Signaturefd LLC grew its stake in shares of Main Street Capital by 157.9% in the 3rd quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after buying an additional 747 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Main Street Capital by 23.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,744 shares of the financial services provider’s stock valued at $71,000 after buying an additional 335 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in shares of Main Street Capital in the 4th quarter valued at approximately $72,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

MAIN opened at $48.79 on Thursday. Main Street Capital has a 12-month low of $37.70 and a 12-month high of $48.86. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $46.43 and a 200-day moving average price of $43.69. The stock has a market capitalization of $4.15 billion, a P/E ratio of 9.35 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The business had revenue of $129.31 million during the quarter, compared to analyst estimates of $125.52 million. Equities analysts predict that Main Street Capital will post 4.07 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Main Street Capital’s previous dividend of $0.24. This represents a dividend yield of 8.37%. Main Street Capital’s payout ratio is 55.17%.

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.