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

Key Points

• Eleven analysts give Main Street Capital an average recommendation of Hold (seven holds, four buys) with a one-year average price target of $61.71.
• The company beat expectations in its latest quarter, reporting $1.09 EPS versus a $1.06 consensus and $156.17M in revenue versus $141.50M, and analysts expect about $4.11 EPS for the current fiscal year.
• Main Street announced a quarterly dividend of $0.30 (annualized $1.20) yielding ~2.3%, with an ex-dividend date of April 8 and a payout ratio of 56.52%.

Shares of Main Street Capital Corporation (NYSE:MAIN - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven analysts that are covering the firm, MarketBeat.com reports. Seven 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 objective among analysts that have updated their coverage on the stock in the last year is $61.7143.

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Main Street Capital from a "sell" rating to a "hold" rating in a report on Saturday, January 10th. Citigroup reaffirmed an "outperform" rating on shares of Main Street Capital in a report on Tuesday, January 27th. Loop Capital upgraded shares of Main Street Capital to a "neutral" rating and set a $65.00 price target for the company in a research note on Thursday, January 15th. Royal Bank Of Canada decreased their price objective on shares of Main Street Capital from $67.00 to $66.00 and set an "outperform" rating for the company in a report on Tuesday, December 9th. Finally, Citizens Jmp set a $70.00 price objective on shares of Main Street Capital in a research report on Monday, December 8th.

Main Street Capital Price Performance

Shares of MAIN opened at $52.69 on Friday. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77. The company has a market capitalization of $4.75 billion, a P/E ratio of 9.55 and a beta of 0.80. The firm has a 50 day moving average of $57.86 and a 200 day moving average of $59.42. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $156.17 million during the quarter, compared to analysts' expectations of $141.50 million. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%. As a group, equities research analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, April 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. Main Street Capital's payout ratio is currently 56.52%.

Institutional Trading of Main Street Capital

Several large investors have recently modified their holdings of MAIN. Quest 10 Wealth Builders Inc. purchased a new position in Main Street Capital in the third quarter worth about $25,000. City Holding Co. purchased a new stake in shares of Main Street Capital during the 3rd quarter valued at about $26,000. Garner Asset Management Corp purchased a new stake in shares of Main Street Capital during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC lifted its stake in shares of Main Street Capital by 109.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider's stock worth $28,000 after purchasing an additional 250 shares during the period. Finally, Sankala Group LLC bought a new position in shares of Main Street Capital in the 4th quarter worth approximately $29,000. 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.

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