Main Street Capital Corporation (NYSE:MAIN) Given Average Rating of “Hold” by Brokerages

Shares of Main Street Capital Corporation (NYSE:MAIN) have been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $62.75.

A number of research analysts have recently weighed in on the company. Loop Capital upgraded Main Street Capital to a “neutral” rating and set a $65.00 price target for the company in a research report on Thursday. Citizens Jmp started coverage on shares of Main Street Capital in a report on Monday, December 8th. They set a “market outperform” rating and a $70.00 target price for the company. Wall Street Zen upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Royal Bank Of Canada lowered their price target on shares of Main Street Capital from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 9th. Finally, Citigroup began coverage on shares of Main Street Capital in a research note on Monday, December 8th. They set an “outperform” rating for the company.

Main Street Capital Price Performance

MAIN stock opened at $64.06 on Monday. The firm has a 50 day moving average of $59.93 and a 200-day moving average of $61.83. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 10.62 and a beta of 0.80. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12. Main Street Capital has a 12-month low of $47.00 and a 12-month high of $67.77.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.09). The firm had revenue of $151.23 million during the quarter, compared to analysts’ expectations of $140.53 million. Main Street Capital had a net margin of 95.59% and a return on equity of 12.39%. As a group, equities analysts expect that Main Street Capital will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, March 6th will be issued a $0.26 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, March 6th. Main Street Capital’s payout ratio is 51.74%.

Institutional Trading of Main Street Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAIN. Van ECK Associates Corp raised its stake in Main Street Capital by 100.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,448,201 shares of the financial services provider’s stock valued at $155,681,000 after purchasing an additional 1,229,863 shares during the last quarter. UBS Group AG raised its position in shares of Main Street Capital by 160.7% in the third quarter. UBS Group AG now owns 866,884 shares of the financial services provider’s stock valued at $55,125,000 after buying an additional 534,374 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Main Street Capital by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 382,450 shares of the financial services provider’s stock valued at $24,320,000 after buying an additional 181,733 shares during the last quarter. HRT Financial LP lifted its stake in shares of Main Street Capital by 147.7% during the second quarter. HRT Financial LP now owns 213,431 shares of the financial services provider’s stock valued at $12,613,000 after buying an additional 127,270 shares during the period. Finally, Quantbot Technologies LP boosted its position in Main Street Capital by 672.5% during the second quarter. Quantbot Technologies LP now owns 80,296 shares of the financial services provider’s stock worth $4,745,000 after acquiring an additional 69,902 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.