Brokerages Set Main Street Capital Corporation (NYSE:MAIN) PT at $62.43

Main Street Capital Corporation (NYSE:MAIN) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $62.4286.

Several equities research analysts have commented on MAIN shares. Citigroup initiated coverage on shares of Main Street Capital in a research report on Monday, December 8th. They set an “outperform” rating on the stock. Wall Street Zen downgraded Main Street Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Zacks Research cut Main Street Capital from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Citizens Jmp began coverage on Main Street Capital in a research note on Monday, December 8th. They issued a “market outperform” rating and a $70.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Main Street Capital in a research note on Monday, December 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MAIN. JPMorgan Chase & Co. raised its holdings in shares of Main Street Capital by 49.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 200,717 shares of the financial services provider’s stock valued at $11,862,000 after purchasing an additional 65,979 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Main Street Capital during the second quarter worth about $1,685,000. Nabity Jensen Investment Management Inc acquired a new position in Main Street Capital during the second quarter worth approximately $237,000. U.S. Capital Wealth Advisors LLC raised its stake in Main Street Capital by 8.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 139,452 shares of the financial services provider’s stock valued at $8,242,000 after buying an additional 10,853 shares during the period. Finally, Delta Investment Management LLC raised its stake in Main Street Capital by 42.4% in the first quarter. Delta Investment Management LLC now owns 37,425 shares of the financial services provider’s stock valued at $2,117,000 after buying an additional 11,145 shares during the period. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Down 1.6%

NYSE:MAIN opened at $59.81 on Thursday. The company has a market cap of $5.36 billion, a P/E ratio of 9.92 and a beta of 0.80. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77. The business has a 50 day moving average price of $58.77 and a two-hundred day moving average price of $61.52. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12.

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

Main Street Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, March 6th will be given a dividend of $0.26 per share. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. Main Street Capital’s dividend payout ratio is 50.75%.

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.