Shares of Main Street Capital Co. (NYSE:MAIN) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $37.78.
Several equities research analysts have recently issued reports on MAIN shares. Zacks Investment Research upgraded Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, November 8th. BidaskClub upgraded Main Street Capital from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Raymond James Financial upgraded Main Street Capital from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Finally, National Securities reiterated a “sell” rating and set a $33.00 price target on shares of Main Street Capital in a report on Monday, November 6th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in Main Street Capital in the 2nd quarter worth approximately $119,000. JPMorgan Chase & Co. lifted its holdings in Main Street Capital by 59.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 1,727 shares during the last quarter. Good Life Advisors LLC acquired a new stake in Main Street Capital in the 3rd quarter worth approximately $203,000. GSA Capital Partners LLP acquired a new stake in Main Street Capital in the 3rd quarter worth approximately $208,000. Finally, Aperio Group LLC acquired a new stake in Main Street Capital in the 2nd quarter worth approximately $204,000. Hedge funds and other institutional investors own 27.05% of the company’s stock.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The business had revenue of $51.79 million during the quarter, compared to analyst estimates of $50.89 million. Main Street Capital had a return on equity of 10.14% and a net margin of 79.87%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. equities research analysts predict that Main Street Capital will post 2.33 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.28 annualized dividend and a yield of 5.79%. Main Street Capital’s dividend payout ratio (DPR) is currently 80.57%.
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Main Street Capital Company Profile
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.
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