Main Street Capital Corporation (NYSE:MAIN) Receives Consensus Rating of "Hold" from Brokerages

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) has received an average recommendation of "Hold" from the five ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $52.80.

MAIN has been the subject of several recent analyst reports. UBS Group dropped their target price on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. B. Riley raised Main Street Capital to a "hold" rating in a research report on Monday, June 16th. Wall Street Zen downgraded Main Street Capital from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Truist Financial cut their price target on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Monday, May 12th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th.

Hedge Funds Weigh In On Main Street Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Main Street Capital in the 4th quarter valued at $957,000. Nomura Asset Management Co. Ltd. lifted its position 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 buying an additional 6,793 shares during the last quarter. AssuredPartners Investment Advisors LLC bought a new stake in shares of Main Street Capital in the 4th quarter valued at about $385,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Main Street Capital in the 4th quarter valued at about $6,007,000. Finally, Segment Wealth Management LLC grew its position 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 worth $6,674,000 after buying an additional 67,626 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Trading Up 1.2%

MAIN opened at $58.60 on Wednesday. The stock has a 50-day moving average of $55.46 and a 200 day moving average of $57.11. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.12. Main Street Capital has a 12 month low of $45.00 and a 12 month high of $63.32. The firm has a market cap of $5.22 billion, a P/E ratio of 9.95 and a beta of 0.82.

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

Main Street Capital Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 23rd will be issued a $0.30 dividend. The ex-dividend date is Friday, June 20th. This represents a dividend yield of 7.26%. This is a positive change from Main Street Capital's previous dividend of $0.25. Main Street Capital's payout ratio is currently 50.93%.

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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