Main Street Capital (NYSE:MAIN) Rating Lowered to Hold at Zacks Investment Research

Main Street Capital (NYSE:MAINGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Main Street Capital Corporation is a specialty investment company providing customized financing solutions to lower middle market companies which operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides one stop financing alternatives to its portfolio companies. “

A number of other analysts have also weighed in on MAIN. TheStreet lowered Main Street Capital from a “b” rating to a “c+” rating in a research note on Friday, February 25th. StockNews.com initiated coverage on Main Street Capital in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Hovde Group initiated coverage on Main Street Capital in a report on Monday, March 7th. They issued a “market perform” rating and a $44.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Main Street Capital presently has an average rating of “Hold” and a consensus price target of $44.83.

Shares of NYSE:MAIN opened at $40.39 on Wednesday. Main Street Capital has a twelve month low of $37.91 and a twelve month high of $47.13. The firm has a market cap of $2.90 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.06 and a current ratio of 0.06. The business has a fifty day moving average of $41.76 and a 200-day moving average of $43.24.

Main Street Capital (NYSE:MAINGet Rating) last announced its earnings results on Thursday, February 24th. The financial services provider reported $0.77 earnings per share for the quarter. Main Street Capital had a return on equity of 11.22% and a net margin of 114.43%. The company had revenue of $82.17 million during the quarter. On average, analysts anticipate that Main Street Capital will post 2.85 EPS for the current fiscal year.

In other news, CEO Dwayne L. Hyzak sold 50,010 shares of Main Street Capital stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $42.45, for a total transaction of $2,122,924.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Earl Jackson acquired 1,800 shares of the business’s stock in a transaction dated Friday, March 25th. The shares were acquired at an average price of $42.22 per share, for a total transaction of $75,996.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 150,010 shares of company stock worth $6,403,425. Company insiders own 4.56% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new stake in Main Street Capital in the 1st quarter valued at approximately $30,000. EverSource Wealth Advisors LLC acquired a new stake in Main Street Capital in the 4th quarter valued at approximately $38,000. Versant Capital Management Inc acquired a new stake in Main Street Capital in the 1st quarter valued at approximately $38,000. Rockefeller Capital Management L.P. raised its position in Main Street Capital by 53.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,014 shares of the financial services provider’s stock valued at $41,000 after buying an additional 353 shares during the last quarter. Finally, Hexagon Capital Partners LLC acquired a new stake in Main Street Capital in the 1st quarter valued at approximately $47,000. 17.21% of the stock is currently owned by institutional investors and hedge funds.

About Main Street Capital (Get Rating)

Main Street Capital Corporation is a private equity firm 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.

Further Reading

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