Main Street Capital - MAIN Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Main Street Capital in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MAIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MAIN, but not buy additional shares or sell existing shares.
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6 analysts have issued 12-month price targets for Main Street Capital's stock. Their MAIN share price forecasts range from $40.00 to $46.00. On average, they predict the company's stock price to reach $42.50 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
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Main Street Capital's stock was trading at $36.95 on January 1st, 2023. Since then, MAIN shares have increased by 6.8% and is now trading at $39.46.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our MAIN earnings forecast.

Main Street Capital Co. (NYSE:MAIN) released its quarterly earnings data on Thursday, November, 4th. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. The financial services provider earned $76.78 million during the quarter, compared to analyst estimates of $67.78 million. Main Street Capital had a net margin of 64.11% and a trailing twelve-month return on equity of 12.54%. During the same quarter last year, the company earned $0.46 earnings per share.

Main Street Capital announced a dividend on Tuesday, February 21st. Stockholders of record on Tuesday, March 21st will be given a dividend of $0.175 per share on Tuesday, March 28th. The ex-dividend date of this dividend is Monday, March 20th. This is a positive change from the stock's previous dividend of $0.08.
Read our dividend analysis for MAIN.

ETFs with the largest weight of Main Street Capital (NYSE:MAIN) stock in their portfolio include Putnam BDC Income ETF (PBDC), ProShares Global Listed Private Equity ETF (PEX), VanEck BDC Income ETF (BIZD), WisdomTree Alternative Income Fund (HYIN) and Virtus Private Credit Strategy ETF (VPC).Invesco Global Listed Private Equity ETF (PSP).

Main Street Capital (NYSE:MAIN) pays an annual dividend of $2.70 per share and currently has a dividend yield of 6.84%. MAIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 83.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MAIN will have a dividend payout ratio of 70.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MAIN.

1 employees have rated Main Street Capital Chief Executive Officer Dwayne Hyzak on Glassdoor.com. Dwayne Hyzak has an approval rating of 100% among the company's employees. This puts Dwayne Hyzak in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Main Street Capital investors own include AT&T (T), Enterprise Products Partners (EPD), Altria Group (MO), Realty Income (O), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV), Coca-Cola (KO) and Two Harbors Investment (TWO).

Main Street Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAIN."

Main Street Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (4.34%), Burgundy Asset Management Ltd. (1.63%), Morgan Stanley (0.91%), Van ECK Associates Corp (0.86%), T. Rowe Price Investment Management Inc. (0.76%) and Legal & General Group Plc (0.65%). Insiders that own company stock include David L Magdol, Dwayne L Hyzak, Jason B Beauvais, John Earl Jackson, Nicholas Meserve and Vincent D Foster.
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Shares of MAIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MAIN stock can currently be purchased for approximately $39.46.

Main Street Capital (NYSE:MAIN) has a market capitalization of $3.14 billion and generates $376.86 million in revenue each year. The financial services provider earns $241.61 million in net income (profit) each year or $3.22 on an earnings per share basis.

Main Street Capital's mailing address is 1300 POST OAK BOULEVARD 8TH FLOOR SUITE 800, HOUSTON TX, 77056. The official website for the company is www.mainstcapital.com. The financial services provider can be reached via phone at (713) 350-6000, via email at ken@dennardlascar.com, or via fax at 713-350-6042.