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

Shares of Main Street Capital Corporation (NYSE:MAIN) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $59.1429.

Several brokerages recently issued reports on MAIN. Wells Fargo & Company began coverage on Main Street Capital in a research note on Friday. They set an “equal weight” rating and a $50.00 target price on the stock. Citigroup reissued an “outperform” rating on shares of Main Street Capital in a research note on Tuesday, January 27th. Citizens Jmp decreased their target price on Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings downgraded Main Street Capital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded Main Street Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.

Main Street Capital Stock Down 2.8%

NYSE MAIN opened at $49.59 on Friday. The stock’s 50-day moving average price is $53.77 and its 200-day moving average price is $57.82. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.11. Main Street Capital has a 52 week low of $48.95 and a 52 week high of $67.77. The company has a market capitalization of $4.61 billion, a P/E ratio of 10.44 and a beta of 0.76.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.11). The business had revenue of $73.44 million for the quarter, compared to the consensus estimate of $145.23 million. Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. On average, equities research analysts predict that Main Street Capital will post 3.96 earnings per share for the current year.

Main Street Capital Dividend Announcement

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

Hedge Funds Weigh In On Main Street Capital

Several institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new position in Main Street Capital during the 1st quarter valued at approximately $395,000. Compass Capital Management Inc. purchased a new position in Main Street Capital during the 1st quarter valued at approximately $335,000. Vestor Capital LLC grew its holdings in Main Street Capital by 3,675.4% during the 1st quarter. Vestor Capital LLC now owns 48,400 shares of the financial services provider’s stock valued at $2,563,000 after buying an additional 47,118 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in Main Street Capital by 6.0% during the 1st quarter. Arete Wealth Advisors LLC now owns 21,664 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 1,233 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in Main Street Capital during the 1st quarter valued at approximately $139,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

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.