B. Riley Equities Analysts Cut Earnings Estimates for MAIN

Main Street Capital Co. (NYSE:MAIN) – Research analysts at B. Riley lowered their FY2024 earnings per share estimates for Main Street Capital in a research note issued to investors on Monday, November 11th. B. Riley analyst B. Rowe now expects that the financial services provider will post earnings per share of $4.12 for the year, down from their previous 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 equities analysts have also weighed in on MAIN. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer raised their price objective on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Trading Down 0.1 %

Main Street Capital stock opened at $52.16 on Thursday. The stock has a market cap of $4.60 billion, a PE ratio of 9.51 and a beta of 1.29. The company has a current ratio of 0.08, a quick ratio of 0.07 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $50.77 and a 200 day moving average price of $50.11. Main Street Capital has a 52 week low of $40.51 and a 52 week high of $52.89.

Main Street Capital Increases Dividend

The business 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 represents a $3.00 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Friday, March 7th. This is a positive change from Main Street Capital’s previous monthly dividend of $0.25. Main Street Capital’s dividend payout ratio (DPR) is 53.26%.

Institutional Investors Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAIN. Van ECK Associates Corp boosted its position in Main Street Capital by 14.0% during 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. Joel Isaacson & Co. LLC boosted its position in shares of Main Street Capital by 3,098.3% in the third quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider’s stock worth $6,418,000 after buying an additional 123,994 shares during the period. International Assets Investment Management LLC grew its stake in shares of Main Street Capital by 7,077.4% in the third quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock valued at $5,625,000 after buying an additional 110,619 shares in the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in shares of Main Street Capital by 26.9% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock valued at $20,459,000 after buying an additional 85,995 shares during the period. Finally, Cetera Investment Advisers acquired a new position in Main Street Capital during the 1st quarter worth approximately $2,669,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

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.