Raymond James upgraded shares of Main Street Capital (NYSE:MAIN) from a market perform rating to an outperform rating in a report released on Monday morning, MarketBeat Ratings reports. They currently have $41.00 price objective on the financial services provider’s stock. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently commented on MAIN. Janney Montgomery Scott set a $35.00 target price on Main Street Capital and gave the stock a hold rating in a research report on Friday. National Securities boosted their target price on Main Street Capital from $35.00 to $38.00 and gave the stock a neutral rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded Main Street Capital from a hold rating to a buy rating and set a $43.00 target price on the stock in a research report on Saturday, October 6th. Finally, SunTrust Banks reiterated a hold rating and issued a $40.00 target price on shares of Main Street Capital in a research report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Main Street Capital presently has a consensus rating of Hold and an average target price of $39.50.
Shares of Main Street Capital stock opened at $38.40 on Monday. Main Street Capital has a 52 week low of $34.37 and a 52 week high of $41.79. The stock has a market capitalization of $2.25 billion, a PE ratio of 16.07 and a beta of 0.83. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.
Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Main Street Capital had a return on equity of 10.80% and a net margin of 95.77%. The business had revenue of $58.26 million for the quarter, compared to the consensus estimate of $59.19 million. During the same period in the previous year, the business earned $0.60 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts anticipate that Main Street Capital will post 2.53 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a $0.195 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.34 dividend on an annualized basis and a dividend yield of 6.09%. Main Street Capital’s dividend payout ratio is currently 97.91%.
Large investors have recently bought and sold shares of the stock. Green Square Capital LLC bought a new stake in Main Street Capital during the second quarter worth approximately $203,000. Good Life Advisors LLC bought a new stake in Main Street Capital during the third quarter worth approximately $204,000. Comerica Bank bought a new stake in Main Street Capital during the third quarter worth approximately $221,000. Verity Asset Management Inc. increased its stake in Main Street Capital by 20.8% during the second quarter. Verity Asset Management Inc. now owns 7,429 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 1,279 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Main Street Capital during the second quarter worth approximately $327,000. Institutional investors own 23.94% of the company’s stock.
Main Street Capital Company Profile
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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