Main Street Capital Corporation (NYSE:MAIN) Receives $53.60 Consensus Target Price from Analysts

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $53.60.

A number of research analysts have weighed in on MAIN shares. B. Riley raised shares of Main Street Capital to a "hold" rating in a research note on Monday, June 16th. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research report on Tuesday, May 13th. Wall Street Zen raised Main Street Capital from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. UBS Group reaffirmed a "neutral" rating and set a $58.00 price target (up previously from $56.00) on shares of Main Street Capital in a research report on Wednesday, July 16th. Finally, Truist Financial dropped their price target on Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a research report on Monday, May 12th.

Insiders Place Their Bets

In other Main Street Capital news, EVP Jason B. Beauvais sold 13,664 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $59.37, for a total value of $811,231.68. Following the sale, the executive vice president owned 181,526 shares of the company's stock, valued at $10,777,198.62. This trade represents a 7.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Main Street Capital

A number of institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Main Street Capital by 50.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,261 shares of the financial services provider's stock valued at $468,000 after acquiring an additional 2,756 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Main Street Capital by 10.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 242,857 shares of the financial services provider's stock valued at $13,736,000 after purchasing an additional 22,340 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Main Street Capital by 270.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 9,301 shares of the financial services provider's stock valued at $545,000 after purchasing an additional 6,793 shares in the last quarter. AssuredPartners Investment Advisors LLC bought a new position in shares of Main Street Capital during the fourth quarter valued at $385,000. Finally, Segment Wealth Management LLC grew its holdings in shares of Main Street Capital by 134.3% in the first quarter. Segment Wealth Management LLC now owns 117,994 shares of the financial services provider's stock worth $6,674,000 after acquiring an additional 67,626 shares during the period. 20.31% of the stock is owned by institutional investors.

Main Street Capital Trading Up 1.7%

MAIN traded up $1.10 during trading on Friday, reaching $65.41. 664,367 shares of the stock traded hands, compared to its average volume of 482,245. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.82 billion, a PE ratio of 11.11 and a beta of 0.82. The stock's 50-day moving average is $59.05 and its 200 day moving average is $57.85. Main Street Capital has a 12 month low of $45.00 and a 12 month high of $65.67.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. The business had revenue of $137.05 million for the quarter, compared to analysts' expectations of $137.50 million. Main Street Capital had a net margin of 94.61% and a return on equity of 13.02%. Equities analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current year.

Main Street Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 9th were paid a $0.255 dividend. This represents a yield of 5.18%. The ex-dividend date of this dividend was Tuesday, July 8th. Main Street Capital's dividend payout ratio is presently 51.95%.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.