Main Street Capital Corporation (NYSE:MAIN) Receives Consensus Recommendation of “Hold” from Analysts

Main Street Capital Corporation (NYSE:MAIN) has earned an average rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $59.1429.

A number of brokerages recently weighed in on MAIN. Zacks Research downgraded shares of Main Street Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 28th. Wells Fargo & Company began coverage on shares of Main Street Capital in a research note on Friday, May 22nd. They set an “equal weight” rating and a $50.00 target price for the company. Weiss Ratings downgraded shares of Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Truist Financial lowered their target price on shares of Main Street Capital from $60.00 to $53.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Finally, Wall Street Zen downgraded shares of Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.

Hedge Funds Weigh In On Main Street Capital

Hedge funds have recently bought and sold shares of the company. Freedom Financial Partners LLC increased its stake in Main Street Capital by 3.3% in the fourth quarter. Freedom Financial Partners LLC now owns 5,356 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 170 shares in the last quarter. Prospera Financial Services Inc increased its stake in Main Street Capital by 0.4% in the fourth quarter. Prospera Financial Services Inc now owns 48,229 shares of the financial services provider’s stock valued at $2,915,000 after purchasing an additional 194 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Main Street Capital by 2.0% in the third quarter. Stratos Wealth Partners LTD. now owns 9,916 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 198 shares in the last quarter. SMH Capital Advisors Inc. increased its stake in Main Street Capital by 1.1% in the fourth quarter. SMH Capital Advisors Inc. now owns 18,884 shares of the financial services provider’s stock valued at $1,140,000 after purchasing an additional 206 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Main Street Capital by 3.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,142 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $49.82 on Thursday. The firm has a market cap of $4.63 billion, a PE ratio of 10.49 and a beta of 0.72. The firm’s fifty day moving average is $52.50 and its 200-day moving average is $56.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.06 and a current ratio of 0.06. Main Street Capital has a 52 week low of $48.95 and a 52 week high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%.The firm had revenue of $73.44 million for the quarter, compared to the consensus estimate of $145.23 million. Sell-side analysts predict that Main Street Capital will post 3.78 earnings per share for the current year.

Main Street Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.265 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Tuesday, September 8th. Main Street Capital’s dividend payout ratio (DPR) is currently 65.68%.

About Main Street Capital

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.