Main Street Capital (NYSE:MAIN) PT Raised to $52.00 at Royal Bank of Canada

Main Street Capital (NYSE:MAIN) had its target price raised by analysts at Royal Bank of Canada from $48.00 to $52.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 3.69% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Truist Financial lifted their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, February 26th. UBS Group upped their target price on Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, B. Riley lowered Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.17.

Main Street Capital Stock Up 1.1 %

Shares of NYSE MAIN opened at $50.15 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09. Main Street Capital has a 1 year low of $37.70 and a 1 year high of $50.42. The stock has a market capitalization of $4.26 billion, a P/E ratio of 9.61 and a beta of 1.29. The company has a 50-day moving average price of $46.89 and a 200-day moving average price of $44.03.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The firm had revenue of $129.31 million during the quarter, compared to analyst estimates of $125.52 million. On average, equities research analysts forecast that Main Street Capital will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Main Street Capital

Several institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC bought a new position in Main Street Capital in the 1st quarter worth approximately $9,889,000. Tudor Investment Corp Et Al purchased a new position in shares of Main Street Capital in the third quarter valued at $6,538,000. First Financial Bankshares Inc bought a new stake in shares of Main Street Capital during the 4th quarter valued at $6,122,000. Confluence Investment Management LLC bought a new position in Main Street Capital in the 1st quarter worth about $6,110,000. Finally, Van ECK Associates Corp grew its holdings in Main Street Capital by 13.9% during the 1st quarter. Van ECK Associates Corp now owns 1,008,783 shares of the financial services provider’s stock valued at $47,726,000 after buying an additional 122,757 shares in the last quarter. 20.31% 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.