Main Street Capital (NYSE:MAIN – Get Free Report) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.060-1.080 for the period, compared to the consensus earnings per share estimate of 1.010. The company issued revenue guidance of -.
Analysts Set New Price Targets
A number of brokerages have commented on MAIN. Truist Financial upped their target price on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 3rd. 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.60.
View Our Latest Analysis on MAIN
Main Street Capital Price Performance
Main Street Capital (NYSE:MAIN – Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.06). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $140.44 million during the quarter, compared to analysts’ expectations of $141.40 million. As a group, equities analysts forecast that Main Street Capital will post 4.11 earnings per share for the current fiscal year.
Main Street Capital Increases Dividend
The business also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 21st were issued a $0.30 dividend. The ex-dividend date was Thursday, March 20th. This is an increase from Main Street Capital’s previous dividend of $0.25. This represents a yield of 7.11%. Main Street Capital’s payout ratio is presently 51.37%.
Insider Activity at Main Street Capital
In other news, CEO Dwayne L. Hyzak sold 120,000 shares of Main Street Capital stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the completion of the sale, the chief executive officer now directly owns 402,371 shares of the company’s stock, valued at approximately $23,357,636.55. The trade was a 22.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David L. Magdol sold 100,000 shares of Main Street Capital stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the completion of the transaction, the insider now directly owns 377,182 shares in the company, valued at $21,895,415.10. The trade was a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.09% of the company’s stock.
Institutional Investors Weigh In On Main Street Capital
A hedge fund recently bought a new stake in Main Street Capital stock. Brighton Jones LLC acquired a new stake in Main Street Capital Co. (NYSE:MAIN – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,185 shares of the financial services provider’s stock, valued at approximately $304,000. Institutional investors own 20.31% of the company’s stock.
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.
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