Main Street Capital Co. (NYSE:MAIN) Receives Average Recommendation of "Hold" from Brokerages

Main Street Capital Co. (NYSE:MAIN - Get Free Report) has been given an average rating of "Hold" by the five analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $48.40.

Several analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of 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. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th.

Main Street Capital Stock Performance

Main Street Capital stock traded down $0.10 during trading on Friday, reaching $50.00. The company had a trading volume of 537,454 shares, compared to its average volume of 366,954. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. The firm's 50-day simple moving average is $49.68 and its 200 day simple moving average is $49.01. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 9.12 and a beta of 1.30. Main Street Capital has a 52 week low of $37.70 and a 52 week high of $52.39.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.01. Main Street Capital had a return on equity of 14.41% and a net margin of 87.58%. The company had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. During the same period in the previous year, the company posted $1.06 EPS. Sell-side analysts forecast that Main Street Capital will post 4.13 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be issued a $0.30 dividend. The ex-dividend date is Friday, September 20th. This represents a dividend yield of 7.66%. Main Street Capital's dividend payout ratio (DPR) is 53.65%.

Institutional Trading of Main Street Capital

Several hedge funds have recently modified their holdings of MAIN. Corient Private Wealth LLC increased its holdings in shares of Main Street Capital by 226.1% in the 4th quarter. Corient Private Wealth LLC now owns 29,996 shares of the financial services provider's stock worth $1,297,000 after buying an additional 20,799 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Main Street Capital by 73.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider's stock worth $49,000 after acquiring an additional 483 shares during the last quarter. Heritage Wealth Advisors raised its position in Main Street Capital by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 3,600 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 600 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Main Street Capital by 4.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,030 shares of the financial services provider's stock valued at $779,000 after purchasing an additional 781 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of Main Street Capital in the 4th quarter worth approximately $555,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

About Main Street Capital

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.