Main Street Capital Co. (NYSE:MAIN) Given Average Rating of “Hold” by Analysts

Shares of Main Street Capital Co. (NYSE:MAIN) have been given a consensus rating of “Hold” by the five analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $48.40.

Several research analysts have recently commented on the stock. Oppenheimer raised 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 restated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th.

Main Street Capital Trading Down 0.2 %

MAIN stock opened at $50.00 on Friday. Main Street Capital has a one year low of $37.70 and a one year high of $52.39. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 9.12 and a beta of 1.30. The company has a fifty day moving average price of $49.68 and a two-hundred day moving average price of $48.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The firm had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. During the same period last year, the business posted $1.06 earnings per share. Equities analysts anticipate that Main Street Capital will post 4.13 EPS for the current year.

Main Street Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.30 per share. This represents a dividend yield of 7.66%. The ex-dividend date is Friday, September 20th. Main Street Capital’s payout ratio is 53.65%.

Hedge Funds Weigh In On Main Street Capital

Several large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in shares of Main Street Capital by 2.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,435,508 shares of the financial services provider’s stock worth $148,518,000 after acquiring an additional 71,698 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Main Street Capital by 14.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after purchasing an additional 141,312 shares during the period. Burgundy Asset Management Ltd. boosted its stake in shares of Main Street Capital by 1.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider’s stock valued at $55,881,000 after purchasing an additional 17,623 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its position in shares of Main Street Capital by 26.9% during the second quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock worth $20,459,000 after buying an additional 85,995 shares during the period. Finally, Sound Income Strategies LLC raised its stake in Main Street Capital by 2.2% during the first quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider’s stock worth $17,021,000 after buying an additional 7,790 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

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.