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

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) has been given a consensus rating of "Hold" by the five ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $52.80.

Several analysts recently issued reports on MAIN shares. Truist Financial reduced 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 research report on Monday, May 12th. UBS Group reduced their price target on shares of Main Street Capital from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Oppenheimer restated 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 research report on Monday, June 16th. Finally, Wall Street Zen raised shares of Main Street Capital from a "sell" rating to a "hold" rating in a research note on Friday.

Main Street Capital Stock Down 0.5%

NYSE MAIN traded down $0.32 on Wednesday, reaching $59.00. The company had a trading volume of 433,016 shares, compared to its average volume of 473,620. The company's fifty day moving average is $55.70 and its 200-day moving average is $57.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.10 and a current ratio of 0.10. Main Street Capital has a 1-year low of $45.00 and a 1-year high of $63.32. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 10.02 and a beta of 0.82.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, research analysts forecast that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a $0.30 dividend. This is an increase from Main Street Capital's previous dividend of $0.25. The ex-dividend date of this dividend was Friday, June 20th. This represents a dividend yield of 7.26%. Main Street Capital's dividend payout ratio (DPR) is presently 50.93%.

Insider Activity

In other Main Street Capital news, EVP Jason B. Beauvais sold 13,664 shares of Main Street Capital stock in a transaction on Friday, June 27th. The shares were sold at an average price of $59.37, for a total transaction of $811,231.68. Following the completion of the transaction, the executive vice president now directly owns 181,526 shares of the company's stock, valued at $10,777,198.62. The trade was a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.00% of the company's stock.

Institutional Trading of Main Street Capital

A number of hedge funds have recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. increased its holdings in shares of Main Street Capital by 1.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider's stock valued at $67,578,000 after acquiring an additional 17,196 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Main Street Capital by 45,123.0% during the 1st quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider's stock worth $33,405,000 after acquiring an additional 589,307 shares during the period. Invesco Ltd. raised its holdings in Main Street Capital by 282.5% in the 1st quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider's stock valued at $30,105,000 after buying an additional 393,101 shares during the period. Adell Harriman & Carpenter Inc. grew its position in Main Street Capital by 5.2% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 447,642 shares of the financial services provider's stock valued at $25,319,000 after acquiring an additional 22,090 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of Main Street Capital by 2.7% during the first quarter. LPL Financial LLC now owns 307,368 shares of the financial services provider's stock worth $17,385,000 after buying an additional 8,203 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

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.