Main Street Capital Co. (NYSE:MAIN) – Equities research analysts at B. Riley reduced their FY2019 earnings per share estimates for shares of Main Street Capital in a research report issued on Monday, May 13th. B. Riley analyst T. Hayes now anticipates that the financial services provider will earn $2.55 per share for the year, down from their previous estimate of $2.58.
Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Main Street Capital had a net margin of 73.33% and a return on equity of 10.70%. The firm had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.33 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis.
MAIN has been the subject of several other research reports. National Securities reiterated a “neutral” rating and issued a $38.00 target price on shares of Main Street Capital in a research note on Monday. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Main Street Capital has an average rating of “Hold” and a consensus target price of $39.80.
MAIN opened at $40.64 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.13 and a current ratio of 0.12. Main Street Capital has a 1-year low of $31.95 and a 1-year high of $40.77. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 15.63 and a beta of 0.96.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Trinity Legacy Partners LLC grew its position in Main Street Capital by 29.5% during the first quarter. Trinity Legacy Partners LLC now owns 215,265 shares of the financial services provider’s stock valued at $8,008,000 after buying an additional 49,014 shares during the period. Kalos Management Inc. bought a new position in Main Street Capital during the fourth quarter valued at about $519,000. Wambolt & Associates LLC bought a new position in Main Street Capital during the fourth quarter valued at about $2,459,000. Morgan Stanley grew its position in Main Street Capital by 29.3% during the third quarter. Morgan Stanley now owns 212,861 shares of the financial services provider’s stock valued at $8,195,000 after buying an additional 48,252 shares during the period. Finally, Opus Capital Group LLC grew its position in Main Street Capital by 44.5% during the fourth quarter. Opus Capital Group LLC now owns 72,466 shares of the financial services provider’s stock valued at $2,450,000 after buying an additional 22,314 shares during the period. Hedge funds and other institutional investors own 23.10% of the company’s stock.
The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, August 20th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $2.46 annualized dividend and a dividend yield of 6.05%. Main Street Capital’s payout ratio is 92.31%.
About Main Street Capital
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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