Main Street Capital Co. (NYSE:MAIN) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $37.78.
MAIN has been the topic of several recent research reports. ValuEngine raised Main Street Capital from a “hold” rating to a “buy” rating in a report on Friday, September 1st. National Securities restated a “sell” rating and set a $33.00 target price on shares of Main Street Capital in a research report on Monday, November 6th. Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Wednesday, November 8th. BidaskClub downgraded Main Street Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Raymond James Financial upgraded Main Street Capital from an “underperform” rating to a “market perform” rating in a research report on Tuesday, November 7th.
Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in shares of Main Street Capital during the 2nd quarter worth approximately $119,000. US Bancorp DE raised its position in Main Street Capital by 15.6% in the 2nd quarter. US Bancorp DE now owns 3,707 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 500 shares during the last quarter. JPMorgan Chase & Co. raised its position in Main Street Capital by 59.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 1,727 shares during the last quarter. Good Life Advisors LLC bought a new position in Main Street Capital in the 3rd quarter valued at $203,000. Finally, GSA Capital Partners LLP bought a new position in Main Street Capital in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 27.23% of the company’s stock.
Shares of Main Street Capital (NYSE:MAIN) traded up $0.03 during trading hours on Friday, hitting $40.49. The stock had a trading volume of 177,227 shares, compared to its average volume of 234,409. Main Street Capital has a one year low of $35.25 and a one year high of $41.79. The firm has a market cap of $2,300.00, a price-to-earnings ratio of 17.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Main Street Capital had a return on equity of 10.14% and a net margin of 79.87%. The company had revenue of $51.79 million for the quarter, compared to analyst estimates of $50.89 million. During the same quarter last year, the firm earned $0.58 EPS. Main Street Capital’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities research analysts anticipate that Main Street Capital will post 2.33 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.28 annualized dividend and a dividend yield of 5.63%. Main Street Capital’s dividend payout ratio (DPR) is presently 80.57%.
About Main Street Capital
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.
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