From MarketBeat:

Main Street Capital gave an update on its Q4 2023 earnings guidance on Friday. The company is expecting an EPS of 1.060-1.080, and revenue guidance was not provided. The stock is trading up 0.7% at $44.15. The company boasts a market cap of $3.70 billion, a PE ratio of 8.87, and a beta of 1.30.

In addition to the earnings guidance, Main Street Capital recently increased its monthly dividend by $0.275, up from the previous $0.24. This represents a 7.47% yield for investors. The company’s payout ratio is 58.30%. The ex-dividend date for this dividend is February 7th.

Several brokerages have reviewed MAIN, with the company currently holding a consensus rating of Hold and a target price of $44.00. Analysts forecast an EPS of 4.07 for the current year.

Institutional inflows into Main Street Capital have increased, with several hedge funds recently changing their positions in the company. This includes acquisitions by Goldman Sachs Group Inc., Square Ops LLC, and Coppell Advisory Solutions Corp among others.

Main Street Capital Corporation, listed under NYSE:MAIN, specializes in investments that support middle market companies with their growth, refinancing, and management buyouts. The firm provides equity capital for a variety of purposes to help foster growth for these companies. The company’s annualized dividend is currently at $3.30, and their payout ratio is 58.30%.



Read more: Main Street Capital (NYSE:MAIN) Updates Q4 2023 Earnings Guidance