Analysts Set Main Street Capital Corporation (NYSE:MAIN) PT at $59.14

Shares of Main Street Capital Corporation (NYSE:MAIN) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $59.3333.

MAIN has been the subject of a number of research reports. Citizens Jmp decreased their price target on Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Zacks Research downgraded Main Street Capital from a “hold” rating to a “strong sell” rating in a report on Thursday, May 28th. Royal Bank Of Canada dropped their price target on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Finally, Truist Financial lowered their target price on shares of Main Street Capital from $60.00 to $53.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th.

Insider Buying and Selling at Main Street Capital

In related news, EVP Jason B. Beauvais sold 6,830 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $51.73, for a total transaction of $353,315.90. Following the sale, the executive vice president owned 196,185 shares in the company, valued at $10,148,650.05. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Main Street Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of MAIN. Garner Asset Management Corp bought a new stake in shares of Main Street Capital in the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Main Street Capital by 109.6% during the second quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 250 shares during the period. Investors Research Corp bought a new position in shares of Main Street Capital during the fourth quarter worth about $30,000. Sankala Group LLC acquired a new stake in shares of Main Street Capital in the 4th quarter worth about $29,000. Finally, Gilpin Wealth Management LLC bought a new stake in Main Street Capital in the 4th quarter valued at about $31,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Trading Down 0.1%

MAIN opened at $55.33 on Monday. Main Street Capital has a 12-month low of $48.95 and a 12-month high of $67.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $5.15 billion, a PE ratio of 11.65 and a beta of 0.72. The firm’s fifty day moving average price is $51.56 and its 200 day moving average price is $55.74.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). The company had revenue of $73.44 million for the quarter, compared to analyst estimates of $145.23 million. Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%. As a group, research analysts expect that Main Street Capital will post 3.78 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 5.7%. Main Street Capital’s payout ratio is 66.95%.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.