Main Street Capital Corporation (NYSE:MAIN) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst sentiment is neutral: Main Street Capital has a consensus “Hold” rating, with six holds and five buys among 11 analysts. The average 12-month price target is $61.00, above the reported share price of $53.41.
• Quarterly results exceeded expectations: The company reported earnings of $0.97 per share versus the $0.96 consensus estimate, while revenue reached $327.56 million compared with expectations of $144.59 million.
• Investors continue to receive a sizable dividend: Main Street Capital declared a monthly dividend of $0.265 per share, equivalent to $3.18 annually and a 6.0% yield.

Shares of Main Street Capital Corporation (NYSE:MAIN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $61.00.

Several research analysts recently commented on MAIN shares. Citigroup reissued a "market outperform" rating on shares of Main Street Capital in a research note on Monday, August 10th. UBS Group decreased their price objective on Main Street Capital from $62.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, October 9th. Weiss Ratings raised Main Street Capital from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, September 3rd. Wells Fargo & Company upgraded shares of Main Street Capital from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $55.00 to $60.00 in a research note on Tuesday, September 29th. Finally, Wall Street Zen cut shares of Main Street Capital from a "hold" rating to a "sell" rating in a report on Sunday, October 11th.

Main Street Capital Stock Up 0.5%

NYSE MAIN opened at $53.41 on Wednesday. Main Street Capital has a 52 week low of $48.95 and a 52 week high of $65.23. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.11. The business's fifty day simple moving average is $56.37 and its 200-day simple moving average is $54.27. The firm has a market cap of $4.99 billion, a PE ratio of 10.77 and a beta of 0.74.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its earnings results on Thursday, August 6th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The company had revenue of $327.56 million during the quarter, compared to analysts' expectations of $144.59 million. Main Street Capital had a return on equity of 11.80% and a net margin of 78.49%. As a group, equities analysts anticipate that Main Street Capital will post 3.75 earnings per share for the current year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 8th will be given a dividend of $0.2650 per share. This represents a $3.18 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, December 8th. Main Street Capital's dividend payout ratio is currently 64.11%.

Insider Buying and Selling

In other news, CAO Ryan Mchugh acquired 2,550 shares of the company's stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $59.05 per share, with a total value of $150,577.50. Following the completion of the acquisition, the chief accounting officer owned 22,647 shares in the company, valued at $1,337,305.35. This trade represents a 12.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.83% of the stock is owned by corporate insiders.

Institutional Trading of Main Street Capital

Several large investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB acquired a new stake in Main Street Capital during the 2nd quarter worth approximately $28,000. Fifth Third Bancorp bought a new stake in shares of Main Street Capital during the first quarter worth $57,000. CX Institutional acquired a new stake in shares of Main Street Capital during the third quarter worth $65,000. State of Wyoming bought a new stake in Main Street Capital in the 1st quarter valued at $65,000. Finally, Assetmark Inc. lifted its position in Main Street Capital by 92.3% in the 1st quarter. Assetmark Inc. now owns 1,450 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 696 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company that provides customized debt and equity financing to privately held businesses. The company primarily invests in lower middle-market companies and also makes private loan investments in larger middle-market businesses.

Its investment activities include first-lien, second-lien and subordinated debt, as well as equity investments and other securities. Main Street seeks to provide flexible, long-term capital to support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

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