Main Street Capital Corporation (MAIN) Given Consensus Recommendation of “Hold” by Brokerages

Main Street Capital Corporation (NYSE:MAIN) has received a consensus recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $37.78.

Several equities research analysts have weighed in on MAIN shares. Zacks Investment Research raised Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, November 8th. BidaskClub raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. ValuEngine raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Raymond James Financial, Inc. raised Main Street Capital Corporation from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Finally, National Securities reaffirmed a “sell” rating and set a $33.00 target price on shares of Main Street Capital Corporation in a report on Monday, November 6th.

Several institutional investors have recently bought and sold shares of the company. Pinebridge Investments L.P. increased its position in shares of Main Street Capital Corporation by 0.4% in the second quarter. Pinebridge Investments L.P. now owns 14,100 shares of the financial services provider’s stock valued at $542,000 after buying an additional 55 shares in the last quarter. Homrich & Berg increased its position in shares of Main Street Capital Corporation by 1.0% in the second quarter. Homrich & Berg now owns 37,432 shares of the financial services provider’s stock valued at $1,440,000 after buying an additional 363 shares in the last quarter. Barnett & Company Inc. increased its position in shares of Main Street Capital Corporation by 0.8% during the second quarter. Barnett & Company Inc. now owns 52,287 shares of the financial services provider’s stock worth $2,011,000 after purchasing an additional 400 shares in the last quarter. Sequent Asset Management LLC increased its position in shares of Main Street Capital Corporation by 1.7% during the second quarter. Sequent Asset Management LLC now owns 29,837 shares of the financial services provider’s stock worth $1,148,000 after purchasing an additional 487 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Main Street Capital Corporation by 15.6% during the second quarter. US Bancorp DE now owns 3,707 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 26.27% of the company’s stock.

Shares of Main Street Capital Corporation (NYSE MAIN) traded down $0.39 during midday trading on Monday, reaching $40.71. The company’s stock had a trading volume of 239,000 shares, compared to its average volume of 237,299. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $2,365.17, a P/E ratio of 17.62 and a beta of 1.02. Main Street Capital Corporation has a fifty-two week low of $35.25 and a fifty-two week high of $41.79.

Main Street Capital Corporation (NYSE:MAIN) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $51.79 million during the quarter, compared to the consensus estimate of $50.89 million. Main Street Capital Corporation had a return on equity of 10.14% and a net margin of 79.87%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. analysts expect that Main Street Capital Corporation will post 2.33 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Thursday, January 18th. Main Street Capital Corporation’s payout ratio is presently 80.28%.

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Main Street Capital Corporation Company Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

Analyst Recommendations for Main Street Capital Corporation (NYSE:MAIN)

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