Main Street Capital (NYSE:MAIN) Issues Quarterly Earnings Results

Main Street Capital (NYSE:MAIN) issued its earnings results on Thursday. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.06), Zacks reports. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The company had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million.

Main Street Capital Trading Up 3.0 %

NYSE:MAIN traded up $1.78 during trading hours on Friday, reaching $60.72. 805,867 shares of the company were exchanged, compared to its average volume of 394,826. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 11.00 and a beta of 1.28. Main Street Capital has a 52-week low of $45.00 and a 52-week high of $63.32. The stock has a 50 day simple moving average of $60.00 and a 200 day simple moving average of $54.53.

Main Street Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Friday, June 6th. Main Street Capital’s dividend payout ratio is currently 54.35%.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.80.

About Main Street Capital

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.