What is B. Riley’s Forecast for MAIN FY2024 Earnings?

Main Street Capital Co. (NYSE:MAIN) – Research analysts at B. Riley lowered their FY2024 earnings estimates for shares of Main Street Capital in a report released on Monday, November 11th. B. Riley analyst B. Rowe now anticipates that the financial services provider will post earnings of $4.12 per share for the year, down from their prior estimate of $4.15. B. Riley has a “Neutral” rating and a $51.00 price objective on the stock. The consensus estimate for Main Street Capital’s current full-year earnings is $4.12 per share. B. Riley also issued estimates for Main Street Capital’s Q4 2024 earnings at $1.05 EPS.

A number of other research firms also recently issued reports on MAIN. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research note on Wednesday, August 14th. Oppenheimer upped 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 research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital Stock Down 0.1 %

NYSE:MAIN opened at $52.23 on Thursday. The firm has a market cap of $4.61 billion, a P/E ratio of 9.46 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.07 and a current ratio of 0.08. Main Street Capital has a fifty-two week low of $40.51 and a fifty-two week high of $52.89. The firm has a 50-day simple moving average of $50.72 and a two-hundred day simple moving average of $50.09.

Institutional Investors Weigh In On Main Street Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Godsey & Gibb Inc. purchased a new position in shares of Main Street Capital in the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC purchased a new stake in Main Street Capital in the second quarter valued at $38,000. Truvestments Capital LLC acquired a new stake in Main Street Capital in the 3rd quarter valued at approximately $39,000. Optimum Investment Advisors lifted its position in shares of Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 500 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Main Street Capital in the third quarter valued at $50,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 7th will be issued a $0.25 dividend. This is a positive change from Main Street Capital’s previous monthly dividend of $0.25. This represents a $3.00 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Friday, March 7th. Main Street Capital’s payout ratio is currently 53.26%.

About Main Street Capital

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.