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

Main Street Capital Corporation (NYSE:MAIN) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $59.1429.

Several equities research analysts recently weighed in on MAIN shares. Truist Financial dropped their target price on Main Street Capital from $60.00 to $53.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Weiss Ratings cut Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wells Fargo & Company assumed coverage on Main Street Capital in a research report on Friday, May 22nd. They issued an “equal weight” rating and a $50.00 price objective for the company. Royal Bank Of Canada dropped their price objective on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, Citizens Jmp cut their target price on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd.

Insider Transactions at Main Street Capital

In related news, EVP Jason B. Beauvais sold 6,830 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $51.73, for a total transaction of $353,315.90. Following the transaction, the executive vice president owned 196,185 shares in the company, valued at $10,148,650.05. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.83% of the stock is currently owned by company insiders.

Institutional Trading of Main Street Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Childress Capital Advisors LLC grew its position in shares of Main Street Capital by 165.2% in the 4th quarter. Childress Capital Advisors LLC now owns 293,733 shares of the financial services provider’s stock worth $17,739,000 after buying an additional 182,973 shares during the period. JPMorgan Chase & Co. lifted its position in Main Street Capital by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 382,450 shares of the financial services provider’s stock valued at $24,320,000 after acquiring an additional 181,733 shares during the period. Brighton Jones LLC purchased a new position in Main Street Capital during the 4th quarter valued at about $304,000. Adell Harriman & Carpenter Inc. boosted its stake in Main Street Capital by 5.3% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 478,435 shares of the financial services provider’s stock worth $28,893,000 after acquiring an additional 23,942 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Main Street Capital by 15.2% during the fourth quarter. Legal & General Group Plc now owns 719,967 shares of the financial services provider’s stock worth $43,479,000 after acquiring an additional 95,177 shares in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Stock Up 0.0%

Shares of MAIN opened at $52.87 on Monday. The firm has a market cap of $4.92 billion, a P/E ratio of 11.13 and a beta of 0.72. The stock has a 50 day simple moving average of $51.79 and a two-hundred day simple moving average of $55.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.06 and a quick ratio of 0.06. Main Street Capital has a 1 year low of $48.95 and a 1 year high of $67.77.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%.The business had revenue of $73.44 million during the quarter, compared to the consensus estimate of $145.23 million. On average, analysts forecast that Main Street Capital will post 3.78 earnings per share for the current fiscal 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 given a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 6.0%. Main Street Capital’s dividend payout ratio is presently 66.95%.

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.