Main Street Capital Corporation (NYSE:MAIN) Receives $62.43 Consensus Target Price from Analysts

by · The Markets Daily

Shares of Main Street Capital Corporation (NYSE:MAIN – Get Free Report) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $62.4286.

A number of equities research analysts have commented on the company. Citigroup assumed coverage on Main Street Capital in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Weiss Ratings restated a “buy (b+)” rating on shares of Main Street Capital in a research report on Monday, December 22nd. B. Riley decreased their price target on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Citizens Jmp began coverage on shares of Main Street Capital in a research note on Monday, December 8th. They set a “market outperform” rating and a $70.00 target price on the stock. Finally, Wall Street Zen cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th.

Check Out Our Latest Research Report on MAIN

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Main Street Capital by 49.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 200,717 shares of the financial services provider’s stock valued at $11,862,000 after acquiring an additional 65,979 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Main Street Capital in the 2nd quarter valued at approximately $1,685,000. Nabity Jensen Investment Management Inc acquired a new stake in shares of Main Street Capital in the second quarter valued at $237,000. U.S. Capital Wealth Advisors LLC increased its stake in Main Street Capital by 8.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 139,452 shares of the financial services provider’s stock worth $8,242,000 after purchasing an additional 10,853 shares during the period. Finally, Delta Investment Management LLC increased its stake in Main Street Capital by 42.4% during the 1st quarter. Delta Investment Management LLC now owns 37,425 shares of the financial services provider’s stock worth $2,117,000 after buying an additional 11,145 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Price Performance

MAIN opened at $60.42 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market capitalization of $5.41 billion, a PE ratio of 10.02 and a beta of 0.80. The business’s 50-day moving average is $58.88 and its two-hundred day moving average is $61.53. Main Street Capital has a 1 year low of $47.00 and a 1 year high of $67.77.

Main Street Capital (NYSE:MAIN – Get Free Report) last announced its earnings results 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). Main Street Capital had a net margin of 95.59% and a return on equity of 12.39%. The firm had revenue of $151.23 million during the quarter, compared to analyst estimates of $140.53 million. Research analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, March 6th will be issued a $0.26 dividend. The ex-dividend date is Friday, March 6th. This represents a c) dividend on an annualized basis and a yield of 5.2%. Main Street Capital’s dividend payout ratio (DPR) is presently 50.75%.

Main Street Capital Company Profile

(Get Free Report)

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.

Featured Stories