Main Street Capital Co. Expected to Earn Q1 2023 Earnings of $0.95 Per Share (NYSE:MAIN)

Main Street Capital Co. (NYSE:MAINGet Rating) – Analysts at B. Riley increased their Q1 2023 earnings per share (EPS) estimates for shares of Main Street Capital in a research note issued to investors on Monday, February 27th. B. Riley analyst B. Rowe now expects that the financial services provider will earn $0.95 per share for the quarter, up from their previous forecast of $0.87. B. Riley has a “Buy” rating and a $45.00 price objective on the stock. The consensus estimate for Main Street Capital’s current full-year earnings is $3.62 per share. B. Riley also issued estimates for Main Street Capital’s Q2 2023 earnings at $0.94 EPS, Q3 2023 earnings at $0.94 EPS, Q4 2023 earnings at $0.95 EPS, FY2023 earnings at $3.78 EPS, Q1 2024 earnings at $0.97 EPS, Q2 2024 earnings at $0.93 EPS, Q3 2024 earnings at $0.95 EPS, Q4 2024 earnings at $0.95 EPS and FY2024 earnings at $3.79 EPS.

MAIN has been the subject of several other reports. UBS Group assumed coverage on Main Street Capital in a research note on Monday, December 19th. They issued a “neutral” rating and a $40.00 price target for the company. TheStreet upgraded Main Street Capital from a “c+” rating to a “b-” rating in a research report on Monday, February 6th. StockNews.com upgraded Main Street Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Truist Financial increased their target price on Main Street Capital from $40.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Royal Bank of Canada lowered their target price on Main Street Capital from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.50.

Main Street Capital Stock Performance

MAIN stock opened at $42.49 on Tuesday. Main Street Capital has a 1-year low of $31.66 and a 1-year high of $45.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 13.20 and a beta of 1.33. The business has a 50 day simple moving average of $38.79 and a two-hundred day simple moving average of $38.19.

Institutional Trading of Main Street Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Advisors Ltd. LLC purchased a new stake in Main Street Capital during the 4th quarter valued at $28,000. Winch Advisory Services LLC increased its stake in Main Street Capital by 661.7% in the second quarter. Winch Advisory Services LLC now owns 815 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 708 shares during the period. Truvestments Capital LLC purchased a new stake in Main Street Capital in the second quarter worth $50,000. Parallel Advisors LLC increased its stake in Main Street Capital by 130.5% in the fourth quarter. Parallel Advisors LLC now owns 1,482 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 839 shares during the period. Finally, ICA Group Wealth Management LLC purchased a new stake in Main Street Capital in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 18.79% of the company’s stock.

Main Street Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 8th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $2.70 annualized dividend and a yield of 6.35%. Main Street Capital’s payout ratio is presently 83.85%.

Main Street Capital Company Profile

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Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street’s investments are primarily made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million.

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Earnings History and Estimates for Main Street Capital (NYSE:MAIN)

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