Shares of Main Street Capital Corp. (NYSE:MAIN) have been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the stock. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $35.67.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Main Street Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday. National Securities reaffirmed a “neutral” rating and set a $33.00 target price on shares of Main Street Capital Corp. in a research note on Monday, November 7th. Robert W. Baird reaffirmed an “outperform” rating and set a $37.00 target price (up from $36.00) on shares of Main Street Capital Corp. in a research note on Wednesday, August 17th. RBC Capital Markets reaffirmed an “outperform” rating and set a $35.00 target price (up from $32.00) on shares of Main Street Capital Corp. in a research note on Saturday, August 13th. Finally, Royal Bank Of Canada raised their target price on shares of Main Street Capital Corp. from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th.

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Several large investors have recently added to or reduced their stakes in the company. Muzinich & Co. Inc. raised its stake in Main Street Capital Corp. by 0.9% in the second quarter. Muzinich & Co. Inc. now owns 357,363 shares of the company’s stock valued at $11,739,000 after buying an additional 3,083 shares during the period. Advisors Asset Management Inc. purchased a new stake in Main Street Capital Corp. during the second quarter valued at about $389,000. HL Financial Services LLC raised its stake in Main Street Capital Corp. by 13.5% in the second quarter. HL Financial Services LLC now owns 32,889 shares of the company’s stock valued at $1,080,000 after buying an additional 3,911 shares during the period. Creative Planning raised its stake in Main Street Capital Corp. by 9.9% in the second quarter. Creative Planning now owns 15,437 shares of the company’s stock valued at $507,000 after buying an additional 1,394 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its stake in Main Street Capital Corp. by 2.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 20,243 shares of the company’s stock valued at $665,000 after buying an additional 478 shares during the period. Hedge funds and other institutional investors own 27.14% of the company’s stock.

Main Street Capital Corp. (NYSE:MAIN) opened at 36.54 on Wednesday. Main Street Capital Corp. has a 52 week low of $24.21 and a 52 week high of $36.95. The company has a market capitalization of $1.94 billion, a P/E ratio of 19.01 and a beta of 1.04. The stock’s 50 day moving average is $34.55 and its 200 day moving average is $33.61.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a $0.185 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 6.08%. Main Street Capital Corp.’s payout ratio is currently 116.84%.

About Main Street Capital Corp.

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors.

5 Day Chart for NYSE:MAIN

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