Main Street Capital Corporation (MAIN) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst sentiment is moderately positive: Ten firms split evenly between buy and hold ratings, producing a “Moderate Buy” consensus and an average 1-year price target of $61.17.
• Main Street Capital reported quarterly EPS of $0.89 and revenue of $142.53 million, both below analysts’ estimates.
• The company announced a monthly dividend of $0.27 per share, equivalent to $3.24 annually and a yield of about 5.7%.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $61.17.

MAIN has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Main Street Capital from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Tuesday, November 10th. Wall Street Zen downgraded Main Street Capital from a "hold" rating to a "sell" rating in a research note on Sunday, October 11th. Zacks Research raised Main Street Capital from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. Truist Financial boosted their target price on Main Street Capital from $53.00 to $57.00 and gave the company a "hold" rating in a research report on Monday, August 10th. Finally, UBS Group upped their price target on Main Street Capital from $57.00 to $58.00 and gave the stock a "neutral" rating in a research note on Monday, November 9th.

Main Street Capital Trading Up 0.3%

Shares of NYSE:MAIN traded up $0.16 during trading on Friday, reaching $56.39. The stock had a trading volume of 351,490 shares, compared to its average volume of 464,557. Main Street Capital has a 52 week low of $48.95 and a 52 week high of $65.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.05 and a current ratio of 0.06. The firm's fifty day moving average is $55.38 and its 200 day moving average is $55.23. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 11.67 and a beta of 0.73.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its earnings results on Thursday, November 5th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.03). Main Street Capital had a return on equity of 11.45% and a net margin of 76.98%. The firm had revenue of $142.53 million for the quarter, compared to the consensus estimate of $145.67 million. As a group, equities analysts forecast that Main Street Capital will post 3.74 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 8th will be paid a $0.27 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 8th. Main Street Capital's dividend payout ratio (DPR) is 65.84%.

Institutional Investors Weigh In On Main Street Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jump Financial LLC acquired a new position in Main Street Capital during the third quarter worth $217,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Main Street Capital by 21.2% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 19,939 shares of the financial services provider's stock worth $1,098,000 after acquiring an additional 3,494 shares during the last quarter. Whittier Trust Co. bought a new position in Main Street Capital in the 3rd quarter valued at about $327,000. Advisors Asset Management Inc. bought a new position in Main Street Capital in the 3rd quarter valued at about $4,325,000. Finally, Private Advisor Group LLC boosted its stake in Main Street Capital by 16.1% during the 3rd quarter. Private Advisor Group LLC now owns 188,642 shares of the financial services provider's stock valued at $10,385,000 after purchasing an additional 26,179 shares during the last quarter. Institutional investors own 20.31% of the company's stock.

About Main Street Capital

Main Street Capital Corporation is a business development company that provides customized debt and equity financing to privately held businesses. It focuses on lower middle market companies and also invests in debt securities issued by middle market businesses. The company's financing can support business growth, acquisitions, recapitalizations, and management buyouts. Main Street generally works directly with portfolio companies and their owners, offering capital structures tailored to each business's needs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.