Main Street Capital (NYSE:MAIN – Get Free Report) had its price target increased by analysts at Royal Bank of Canada from $46.00 to $48.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 7.17% from the stock’s previous close.
A number of other equities analysts have also weighed in on MAIN. B. Riley lowered Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research note on Monday, January 8th. StockNews.com assumed coverage on shares of Main Street Capital in a report on Thursday, October 5th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.80.
Main Street Capital Stock Performance
MAIN traded up $0.64 during midday trading on Monday, reaching $44.79. The company had a trading volume of 218,502 shares, compared to its average volume of 361,386. The business has a 50-day moving average of $42.49 and a two-hundred day moving average of $41.16. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.15. Main Street Capital has a 1 year low of $36.48 and a 1 year high of $44.83. The company has a market cap of $3.75 billion, a P/E ratio of 9.07 and a beta of 1.30.
Main Street Capital (NYSE:MAIN – Get Free Report) last released its earnings results on Thursday, November 2nd. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $123.24 million for the quarter, compared to analysts’ expectations of $124.34 million. Main Street Capital had a net margin of 81.59% and a return on equity of 14.77%. As a group, equities research analysts predict that Main Street Capital will post 4.09 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Main Street Capital
A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Main Street Capital by 11.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,504 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 904 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Main Street Capital in the 1st quarter worth $274,000. SS&H Financial Advisors Inc. purchased a new stake in Main Street Capital in the first quarter valued at about $1,079,000. Northern Trust Corp increased its holdings in shares of Main Street Capital by 40.1% during the first quarter. Northern Trust Corp now owns 47,333 shares of the financial services provider’s stock valued at $2,018,000 after acquiring an additional 13,542 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Main Street Capital by 6.9% in the 1st quarter. Invesco Ltd. now owns 43,655 shares of the financial services provider’s stock worth $1,861,000 after purchasing an additional 2,814 shares in the last quarter. 20.20% of the stock is owned by hedge funds and other institutional investors.
Main Street Capital Company Profile
Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.