Main Street Capital (MAIN) Receives New Coverage from Analysts at B. Riley

B. Riley began coverage on shares of Main Street Capital (NYSE:MAIN) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $40.00 target price on the financial services provider’s stock. B. Riley also issued estimates for Main Street Capital’s Q1 2018 earnings at $0.59 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.48 EPS, Q1 2019 earnings at $0.65 EPS, Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.66 EPS and FY2019 earnings at $2.62 EPS.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Main Street Capital from a buy rating to a hold rating in a research report on Saturday, March 24th. National Securities raised Main Street Capital from a sell rating to a neutral rating and upped their price objective for the company from $33.00 to $35.00 in a research report on Monday, February 26th. Finally, ValuEngine cut Main Street Capital from a buy rating to a hold rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Main Street Capital currently has a consensus rating of Hold and a consensus price target of $39.15.

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MAIN stock opened at $36.90 on Tuesday. The company has a market capitalization of $2,168.01, a P/E ratio of 15.44 and a beta of 0.96. Main Street Capital has a 12-month low of $34.37 and a 12-month high of $41.79. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.21.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $53.17 million. Main Street Capital had a return on equity of 10.34% and a net margin of 82.93%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. analysts forecast that Main Street Capital will post 2.44 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, March 20th. This represents a $2.28 annualized dividend and a dividend yield of 6.18%. Main Street Capital’s payout ratio is 95.40%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAIN. Centaurus Financial Inc. bought a new position in shares of Main Street Capital during the 4th quarter valued at $9,390,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Main Street Capital by 627.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 196,471 shares of the financial services provider’s stock valued at $7,806,000 after buying an additional 169,471 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Main Street Capital by 6.8% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,828,173 shares of the financial services provider’s stock valued at $72,670,000 after buying an additional 116,075 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Main Street Capital by 89.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 148,463 shares of the financial services provider’s stock valued at $5,904,000 after buying an additional 69,939 shares during the period. Finally, Atlantic Trust Group LLC bought a new position in shares of Main Street Capital during the 3rd quarter valued at $2,470,000. 27.57% of the stock is currently owned by hedge funds and other institutional investors.

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About Main Street Capital

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.

Analyst Recommendations for Main Street Capital (NYSE:MAIN)

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