Shares of Main Street Capital Corporation (NYSE:MAIN – Get Free Report) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $59.1429.
Several research analysts have commented on MAIN shares. Citizens Jmp lowered their price target on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Company started coverage on shares of Main Street Capital in a report on Friday, May 22nd. They set an “equal weight” rating and a $50.00 price target for the company. Wall Street Zen cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Royal Bank Of Canada lowered their price target on shares of Main Street Capital from $66.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Finally, Weiss Ratings cut shares of Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd.
Get Our Latest Report on Main Street Capital
Main Street Capital Trading Down 0.1%
Main Street Capital (NYSE:MAIN – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). The business had revenue of $73.44 million during the quarter, compared to analyst estimates of $145.23 million. Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. Equities research analysts predict that Main Street Capital will post 3.78 EPS for the current fiscal year.
Main Street Capital Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.265 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Tuesday, September 8th. Main Street Capital’s payout ratio is 65.68%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Main Street Capital by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 382,450 shares of the financial services provider’s stock worth $24,320,000 after buying an additional 181,733 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Main Street Capital by 5,556.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 36,144 shares of the financial services provider’s stock worth $2,298,000 after buying an additional 35,505 shares during the last quarter. Childress Capital Advisors LLC lifted its position in shares of Main Street Capital by 165.2% during the 4th quarter. Childress Capital Advisors LLC now owns 293,733 shares of the financial services provider’s stock worth $17,739,000 after buying an additional 182,973 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of Main Street Capital during the 4th quarter worth approximately $304,000. Finally, Adell Harriman & Carpenter Inc. lifted its position in shares of Main Street Capital by 5.3% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 478,435 shares of the financial services provider’s stock worth $28,893,000 after buying an additional 23,942 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.
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.
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