Main Street Capital Corporation (NYSE:MAIN) Receives Average Recommendation of "Hold" from Analysts

Shares of Main Street Capital Corporation (NYSE:MAIN - Get Free Report) have been given an average recommendation of "Hold" by the five research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $53.60.

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

Main Street Capital Stock Down 0.6%

Shares of MAIN opened at $64.45 on Friday. Main Street Capital has a one year low of $45.00 and a one year high of $65.45. The company has a market cap of $5.74 billion, a P/E ratio of 10.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a 50 day simple moving average of $58.38 and a two-hundred day simple moving average of $57.73.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. The company 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%. Research analysts forecast that Main Street Capital will post 4.11 EPS for the current fiscal year.

Main Street Capital Cuts Dividend

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

Insider Buying and Selling

In other news, EVP Jason B. Beauvais sold 13,664 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $59.37, for a total transaction of $811,231.68. Following the sale, the executive vice president directly owned 181,526 shares in the company, valued at approximately $10,777,198.62. The trade was a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Main Street Capital

A number of institutional investors and hedge funds have recently bought and sold shares of MAIN. Mirae Asset Global Investments Co. Ltd. grew 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 worth $468,000 after buying an additional 2,756 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Main Street Capital by 10.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 242,857 shares of the financial services provider's stock valued at $13,736,000 after acquiring an additional 22,340 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Main Street Capital by 270.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 9,301 shares of the financial services provider's stock worth $545,000 after buying an additional 6,793 shares during the period. AssuredPartners Investment Advisors LLC acquired a new position in Main Street Capital during the 4th quarter worth about $385,000. Finally, Segment Wealth Management LLC lifted its stake in shares of Main Street Capital by 134.3% in the 1st quarter. Segment Wealth Management LLC now owns 117,994 shares of the financial services provider's stock valued at $6,674,000 after purchasing an additional 67,626 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.

About Main Street Capital

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.

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