Analysts Set Main Street Capital Co. (NYSE:MAIN) PT at $47.67

Main Street Capital Co. (NYSE:MAIN) has earned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $47.67.

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their price target on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. B. Riley increased their price target on shares of Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Truist Financial increased their price target on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Oppenheimer increased their price target on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. Finally, UBS Group upped their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st.

Hedge Funds Weigh In On Main Street Capital

A number of institutional investors have recently made changes to their positions in MAIN. LifeSteps Financial Inc. bought a new position in Main Street Capital during the 1st quarter worth $35,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Main Street Capital by 73.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock valued at $49,000 after buying an additional 483 shares during the period. Signaturefd LLC lifted its holdings in shares of Main Street Capital by 157.9% during the third quarter. Signaturefd LLC now owns 1,220 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 747 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Main Street Capital during the fourth quarter valued at $72,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Main Street Capital by 32.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,733 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 420 shares during the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

Main Street Capital Trading Down 1.0 %

Shares of MAIN opened at $48.50 on Monday. Main Street Capital has a twelve month low of $37.70 and a twelve month high of $51.10. The company has a market cap of $4.16 billion, a P/E ratio of 8.85 and a beta of 1.25. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $47.98 and its 200-day simple moving average is $45.09.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. The business had revenue of $131.61 million for the quarter, compared to analysts’ expectations of $128.00 million. During the same period last year, the business earned $1.02 EPS. As a group, analysts expect that Main Street Capital will post 4.06 EPS for the current year.

Main Street Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. Main Street Capital’s payout ratio is 52.55%.

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.