Shares of Main Street Capital Co. (NYSE:MAIN) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $34.75.
A number of equities research analysts have recently issued reports on MAIN shares. SunTrust Banks boosted their price target on shares of Main Street Capital from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Monday, May 11th. TheStreet raised shares of Main Street Capital from a “d+” rating to a “c-” rating in a research note on Tuesday, June 9th. National Securities downgraded shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research note on Wednesday, April 15th. ValuEngine raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Zacks Investment Research upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a report on Tuesday, June 16th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Confluence Investment Management LLC grew its holdings in Main Street Capital by 38.0% during the 2nd quarter. Confluence Investment Management LLC now owns 51,643 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 14,210 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Main Street Capital during the 1st quarter worth approximately $10,386,000. Adaptive Financial Consulting LLC acquired a new position in Main Street Capital during the 4th quarter worth approximately $651,000. Two Sigma Investments LP acquired a new position in Main Street Capital during the 1st quarter worth approximately $444,000. Finally, Clearbridge Investments LLC grew its holdings in Main Street Capital by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 318,245 shares of the financial services provider’s stock worth $6,527,000 after acquiring an additional 4,636 shares in the last quarter. Institutional investors own 21.82% of the company’s stock.
Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $56.15 million for the quarter, compared to the consensus estimate of $55.77 million. Main Street Capital had a negative net margin of 34.96% and a positive return on equity of 10.42%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. On average, research analysts anticipate that Main Street Capital will post 1.99 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be issued a $0.205 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date is Tuesday, August 18th. Main Street Capital’s dividend payout ratio (DPR) is currently 98.40%.
About Main Street Capital
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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