Morgan Stanley Reduces Stake in Main Street Capital Corporation (MAIN)

Xavier Trudeau
Août 3, 2017

Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $40.00 target price (up previously from $35.00) on shares of Main Street Capital Corporation in a research report on Thursday, May 18th.

Main Street Capital Corporation (MSCC) is a principal investment firm. Friedberg Investment Management now owns 167,906 shares of the financial services provider's stock valued at $6,425,000 after buying an additional 4,044 shares during the last quarter.

05/06/2015 - Main Street Capital Corporation was upgraded to " by analysts at Zacks. Private Advisor Group LLC now owns 16,574 shares of the financial services provider's stock valued at $631,000 after buying an additional 111 shares during the last quarter. Homrich & Berg raised its position in shares of Main Street Capital Corporation by 0.4% in the first quarter. Van ECK Associates Corp now owns 310,470 shares of the financial services provider's stock valued at $11,882,000 after buying an additional 77,273 shares during the last quarter.

A total of 7 analysts have released a research note on MAIN. Finally, US Bancorp DE raised its position in shares of Main Street Capital Corporation by 20.7% in the first quarter. US Bancorp DE now owns 3,207 shares of the financial services provider's stock worth $123,000 after buying an additional 549 shares during the period.

Main Street Capital Corporation (MSCC) is a principal investment firm.

Company shares last traded at $38.84 slightly over the 50 day moving average of $38.65 and which is marginally higher than the 200 day moving average of $38.07. Equities analysts expect Main Street Capital Corporation to earn $2.30 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 96.5%. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.64 and a beta of 1.04.

Main Street Capital Corporation (NYSE:MAIN) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $47.90 million for the quarter, compared to analyst estimates of $47.24 million. Main Street Capital Corporation had a net margin of 83.34% and a return on equity of 10.01%. The dividend will be $0.555 per share for the quarter which comes to $2.22 on an annualized basis. During the same period previous year, the company earned $0.54 earnings per share. Analysts expect next quarter's EPS to be $0.56 and the next full year EPS is anticipated to be $2.30.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a $0.19 dividend. The dividend yield will be $5.73. The ex-dividend date is Tuesday the 18th of July 2017. Van ECK Associates Corp boosted its position in Main Street Capital Corporation by 33.1% in the first quarter.

WARNING: This piece was first published by Stock Observer and is the property of of Stock Observer. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & global trademark and copyright laws. Main Street Capital Corporation has a dividend payout ratio of 99.6% meaning its dividend is now covered by earnings, but may not be in the future if the company's earnings decline.

Several other institutional investors have also made changes to their positions in MAIN. Zacks Investment Research raised Main Street Capital Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, July 12th.

04/29/2015 - Main Street Capital Corporation had its " rating reiterated by analysts at MLV & Co. Advisory Services Network LLC acquired a new stake in shares of Main Street Capital Corporation during the first quarter worth $1,091,000. They noted that the move was a valuation call. Vetr raised shares of Main Street Capital Corporation from a "hold" rating to a "buy" rating and set a $40.90 target price for the company in a research note on Wednesday, May 10th.

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