Analysts Set Main Street Capital Co. (NYSE:MAIN) PT at $45.50

Shares of Main Street Capital Co. (NYSE:MAIN) have received an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.50.

MAIN has been the topic of several research analyst reports. Oppenheimer boosted their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. B. Riley cut shares of Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research report on Monday, January 8th. Royal Bank of Canada boosted their target price on Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Truist Financial raised their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, February 26th. Finally, UBS Group lifted their price objective on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, March 1st.

Main Street Capital Trading Up 0.9 %

Shares of Main Street Capital stock opened at $49.13 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. The stock’s 50 day simple moving average is $46.59 and its 200-day simple moving average is $43.82. The stock has a market cap of $4.18 billion, a P/E ratio of 9.41 and a beta of 1.29. Main Street Capital has a 1-year low of $37.70 and a 1-year high of $49.28.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The business had revenue of $129.31 million for the quarter, compared to analyst estimates of $125.52 million. Analysts predict that Main Street Capital will post 4.07 EPS for the current fiscal year.

Main Street Capital Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.30 per share. This represents a dividend yield of 8.37%. This is a positive change from Main Street Capital’s previous dividend of $0.24. The ex-dividend date was Tuesday, March 19th. Main Street Capital’s payout ratio is 55.17%.

Hedge Funds Weigh In On Main Street Capital

Large investors have recently modified their holdings of the business. Sanders Morris Harris LLC purchased a new stake in Main Street Capital during the first quarter worth about $9,889,000. Tudor Investment Corp Et Al acquired a new stake in shares of Main Street Capital during the 3rd quarter valued at approximately $6,538,000. First Financial Bankshares Inc purchased a new stake in shares of Main Street Capital during the 4th quarter worth approximately $6,122,000. Confluence Investment Management LLC acquired a new stake in shares of Main Street Capital in the 1st quarter worth approximately $6,110,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Main Street Capital in the 4th quarter valued at approximately $4,884,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Company Profile

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.