Main Street Capital (NYSE: MAIN) Reports Quarterly Results
Main Street Capital (NYSE: MAIN) announced its quarterly results Thursday. The financial services provider reported earnings per share (EPS) of $ 0.71 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.63 per $ 0.08, MarketWatch Earnings reports. Main Street Capital had a net margin of 117.18% and a return on equity of 11.02%. During the same period of the previous year, the company achieved earnings per share of $ 0.46.
NYSE MAIN traded up $ 1.62 on Friday, reaching $ 45.55. The stock had a trade volume of 403,408 shares, compared to its average volume of 212,425. The company’s fifty-day moving average price is $ 42.14 and its 200-day moving average price is $ 41.82. The company has a debt ratio of 0.20, a current ratio of 0.10, and a quick ratio of 0.10. Main Street Capital has a 52 week low of $ 28.75 and a 52 week high of $ 45.56. The stock has a market cap of $ 3.13 billion, a price / earnings ratio of 9.82, a price / earnings-growth ratio of 2.20, and a beta of 1.47.
The company also recently declared a monthly dividend, which will be paid on Tuesday, March 15. Shareholders of record on Wednesday March 2 will receive a dividend of $ 0.215. This represents an annualized dividend of $ 2.58 and a return of 5.66%. The ex-dividend date of this dividend is Tuesday March 1. Main Street Capital’s dividend payout ratio is currently 54.31%.
Several analysts recently weighed on MAIN stocks. Zacks Investment Research downgraded Main Street Capital shares from a “hold” rating to a “buy” rating and set a price target of $ 49.00 for the company in a research note on Wednesday October 27. Raymond James raised his price target on Main Street Capital shares from $ 43.50 to $ 44.00 and gave the company an “outperformance” rating in a research note on Monday, August 9. Finally, Oppenheimer began covering Main Street Capital shares in a research note on Tuesday, October 5. They set a “market performance” rating and a price target of $ 39 for the company. One research analyst rated the stock with a conservation rating and three gave the company a buy rating. According to data from MarketBeat.com, Main Street Capital currently has an average “Buy” rating and a consensus price target of $ 41.80.
A hedge fund recently increased its stake in Main Street Capital. Bank of America Corp DE increased its holdings in Main Street Capital Co. (NYSE: MAIN) by 5.7% in the 2nd quarter, according to the company in its latest Form 13F filed with the SEC. The fund held 23,498 shares of the financial services provider after purchasing an additional 1,266 shares in the quarter. Bank of America Corp DE’s holdings in Main Street Capital were worth $ 966,000 at the end of the most recent reporting period. Institutional investors and hedge funds hold 17.51% of the company’s shares.
About Main Street Capital
Main Street Capital is a prime investment firm that provides long-term debt and equity to lower middle market companies. Main Street investments are primarily intended to support executive buyouts, recapitalizations, growth financings and acquisitions of companies operating in various industrial sectors and generally having annual revenues ranging from $ 10 million to $ 100 million. .
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