Main Street Capital Corporation (MAIN) Given Consensus Rating of “Hold” by Analysts

Shares of Main Street Capital Corporation (NYSE:MAIN) have been assigned an average rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $37.78.

A number of research firms recently commented on MAIN. Raymond James Financial, Inc. upgraded shares of Main Street Capital Corporation from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 7th. BidaskClub upgraded shares of Main Street Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. National Securities reiterated a “sell” rating and issued a $33.00 target price on shares of Main Street Capital Corporation in a report on Tuesday, August 8th. ValuEngine upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Main Street Capital Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th.

Main Street Capital Corporation (NYSE:MAIN) traded up $0.46 during midday trading on Monday, hitting $41.04. 279,417 shares of the company were exchanged, compared to its average volume of 236,860. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10. Main Street Capital Corporation has a twelve month low of $35.25 and a twelve month high of $41.79. The company has a market cap of $2,310.00, a P/E ratio of 17.62 and a beta of 1.05.

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

The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.56%. Main Street Capital Corporation’s dividend payout ratio is currently 80.57%.

Several hedge funds have recently added to or reduced their stakes in MAIN. Ameriprise Financial Inc. raised its holdings in shares of Main Street Capital Corporation by 54.8% during the first quarter. Ameriprise Financial Inc. now owns 27,523 shares of the financial services provider’s stock valued at $1,054,000 after acquiring an additional 9,739 shares during the period. California Public Employees Retirement System raised its holdings in shares of Main Street Capital Corporation by 746.5% during the first quarter. California Public Employees Retirement System now owns 107,500 shares of the financial services provider’s stock valued at $4,114,000 after acquiring an additional 94,800 shares during the period. Creative Planning raised its holdings in shares of Main Street Capital Corporation by 19.5% during the second quarter. Creative Planning now owns 17,595 shares of the financial services provider’s stock valued at $677,000 after acquiring an additional 2,877 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in shares of Main Street Capital Corporation by 22.7% during the second quarter. Winslow Evans & Crocker Inc. now owns 10,800 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 2,000 shares during the period. Finally, V Wealth Management LLC acquired a new stake in shares of Main Street Capital Corporation during the second quarter valued at approximately $139,000. Institutional investors and hedge funds own 26.27% of the company’s stock.

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About Main Street Capital Corporation

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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