Main Street Capital Corporation (NYSE:MAIN) Given Average Rating of “Hold” by Brokerages

Main Street Capital Corporation (NYSE:MAIN) has received an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $62.4286.

Several brokerages have recently commented on MAIN. B. Riley decreased their price target on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Royal Bank Of Canada reduced their price objective on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, December 9th. Citigroup initiated coverage on Main Street Capital in a report on Monday, December 8th. They issued an “outperform” rating on the stock. JMP Securities set a $70.00 price target on Main Street Capital in a research note on Monday, December 8th. Finally, Citizens Jmp started coverage on shares of Main Street Capital in a research report on Monday, December 8th. They issued a “market outperform” rating and a $70.00 price objective on the stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quest 10 Wealth Builders Inc. acquired a new stake in Main Street Capital during the 3rd quarter valued at $25,000. City Holding Co. purchased a new stake in shares of Main Street Capital in the third quarter valued at $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Main Street Capital by 109.6% during the second quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 250 shares during the last quarter. Assetmark Inc. increased its position in Main Street Capital by 203.0% during the 3rd quarter. Assetmark Inc. now owns 506 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 339 shares in the last quarter. Finally, Archer Investment Corp raised its stake in Main Street Capital by 134.5% in the 3rd quarter. Archer Investment Corp now owns 544 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 312 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $59.81 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.06 and a current ratio of 0.06. Main Street Capital has a one year low of $47.00 and a one year high of $67.77. The firm has a market capitalization of $5.36 billion, a P/E ratio of 9.92 and a beta of 0.80. The company’s fifty day moving average is $58.77 and its two-hundred day moving average is $61.52.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.09). Main Street Capital had a net margin of 95.59% and a return on equity of 12.39%. The company had revenue of $151.23 million during the quarter, compared to analyst estimates of $140.53 million. Analysts forecast that Main Street Capital will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, March 6th will be issued a $0.26 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. Main Street Capital’s dividend payout ratio is 50.75%.

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.