Zacks Investment Research upgraded shares of Main Street Capital Corporation (NYSE:MAIN) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. Zacks Investment Research currently has $45.00 target price on the financial services provider’s stock.

According to Zacks, “Main Street Capital Corporation is a specialty investment company providing customized financing solutions to lower middle market companies which operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides one stop financing alternatives to its portfolio companies. “

MAIN has been the topic of a number of other reports. Vetr upgraded shares of Main Street Capital Corporation from a hold rating to a buy rating and set a $40.90 price target on the stock in a research report on Wednesday, May 10th. Citigroup Inc. cut shares of Main Street Capital Corporation from a market perform rating to an underperform rating in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Raymond James Financial, Inc. reiterated an underperform rating on shares of Main Street Capital Corporation in a research report on Wednesday, May 10th. Royal Bank Of Canada reiterated an outperform rating and set a $40.00 price target (up from $35.00) on shares of Main Street Capital Corporation in a research report on Thursday, May 18th. Finally, National Securities reiterated a sell rating and set a $33.00 price target on shares of Main Street Capital Corporation in a research report on Wednesday, May 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $38.98.

Main Street Capital Corporation (MAIN) opened at 39.86 on Thursday. The firm has a 50-day moving average of $38.89 and a 200 day moving average of $38.22. Main Street Capital Corporation has a 12-month low of $32.12 and a 12-month high of $40.86. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.09 and a beta of 1.04.

Main Street Capital Corporation (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Main Street Capital Corporation had a net margin of 86.36% and a return on equity of 10.24%. The business had revenue of $50.30 million for the quarter, compared to analysts’ expectations of $47.82 million. During the same period last year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that Main Street Capital Corporation will post $2.30 EPS for the current fiscal year.

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The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend is Monday, November 20th. Main Street Capital Corporation’s dividend payout ratio (DPR) is presently 72.79%.

Hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. raised its stake in Main Street Capital Corporation by 0.4% in the second quarter. Pinebridge Investments L.P. now owns 14,100 shares of the financial services provider’s stock worth $542,000 after buying an additional 55 shares during the period. Focused Wealth Management Inc raised its stake in Main Street Capital Corporation by 0.6% in the first quarter. Focused Wealth Management Inc now owns 17,935 shares of the financial services provider’s stock worth $686,000 after buying an additional 103 shares during the period. Private Advisor Group LLC raised its stake in Main Street Capital Corporation by 0.7% in the first quarter. Private Advisor Group LLC now owns 16,574 shares of the financial services provider’s stock worth $631,000 after buying an additional 111 shares during the period. Homrich & Berg raised its stake in Main Street Capital Corporation by 0.4% in the first quarter. Homrich & Berg now owns 37,069 shares of the financial services provider’s stock worth $1,419,000 after buying an additional 133 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in Main Street Capital Corporation by 0.8% in the first quarter. Archford Capital Strategies LLC now owns 38,019 shares of the financial services provider’s stock worth $1,459,000 after buying an additional 303 shares during the period. 26.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Corporation Company Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

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Analyst Recommendations for Main Street Capital Corporation (NYSE:MAIN)

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