Oppenheimer Increases Main Street Capital (NYSE:MAIN) Price Target to $44.00

Main Street Capital (NYSE:MAIN) had its target price raised by equities research analysts at Oppenheimer from $43.00 to $44.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Oppenheimer’s price target indicates a potential downside of 9.11% from the company’s current price.

Several other research analysts also recently commented on MAIN. B. Riley lifted their target price on shares of Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Truist Financial raised their price target on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Finally, Royal Bank of Canada upped their price objective on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and a consensus target price of $48.40.

Main Street Capital Stock Down 0.3 %

Shares of NYSE MAIN opened at $48.41 on Tuesday. The stock has a market capitalization of $4.15 billion, a P/E ratio of 8.83 and a beta of 1.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Main Street Capital has a one year low of $37.70 and a one year high of $52.39. The firm’s 50 day simple moving average is $50.17 and its two-hundred day simple moving average is $48.14.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The business had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a net margin of 89.11% and a return on equity of 14.83%. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, analysts expect that Main Street Capital will post 4.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MAIN. Price T Rowe Associates Inc. MD raised its stake in Main Street Capital by 2.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,435,508 shares of the financial services provider’s stock worth $148,518,000 after buying an additional 71,698 shares in the last quarter. Van ECK Associates Corp raised its holdings in Main Street Capital by 14.0% in the second quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after purchasing an additional 141,312 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in Main Street Capital by 1.6% during the second quarter. Burgundy Asset Management Ltd. now owns 1,106,782 shares of the financial services provider’s stock valued at $55,881,000 after buying an additional 17,623 shares during the period. Adell Harriman & Carpenter Inc. lifted its position in Main Street Capital by 26.9% during the second quarter. Adell Harriman & Carpenter Inc. now owns 405,210 shares of the financial services provider’s stock valued at $20,459,000 after buying an additional 85,995 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in shares of Main Street Capital by 2.2% during the 1st quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider’s stock valued at $17,021,000 after buying an additional 7,790 shares in the last quarter. 20.31% of the stock is currently owned by 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.