B. Riley Equities Analysts Lower Earnings Estimates for MAIN

Main Street Capital Co. (NYSE:MAIN) – Research analysts at B. Riley reduced their FY2024 EPS estimates for shares of Main Street Capital in a report issued on Monday, November 11th. B. Riley analyst B. Rowe now forecasts that the financial services provider will post earnings of $4.12 per share for the year, down from their previous estimate of $4.15. B. Riley has a “Neutral” rating and a $51.00 price target on the stock. The consensus estimate for Main Street Capital’s current full-year earnings is $4.11 per share. B. Riley also issued estimates for Main Street Capital’s Q4 2024 earnings at $1.05 EPS.

Several other research firms have also recently issued reports on MAIN. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Oppenheimer raised their target price on Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $52.16 on Thursday. Main Street Capital has a 52-week low of $40.51 and a 52-week high of $52.89. The company has a quick ratio of 0.07, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company’s 50-day simple moving average is $50.83 and its 200-day simple moving average is $50.12. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 9.45 and a beta of 1.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAIN. Godsey & Gibb Inc. acquired a new stake in Main Street Capital during the third quarter worth about $28,000. Triad Wealth Partners LLC acquired a new stake in shares of Main Street Capital during the 2nd quarter worth approximately $38,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital during the 3rd quarter valued at approximately $39,000. Optimum Investment Advisors lifted its holdings in Main Street Capital by 100.0% in the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 500 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Main Street Capital in the third quarter valued at approximately $50,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 7th will be issued a $0.25 dividend. This is an increase from Main Street Capital’s previous monthly dividend of $0.25. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 5.75%. Main Street Capital’s dividend payout ratio is presently 53.26%.

Main Street Capital Company Profile

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.