Main Street Capital (NYSE:MAIN) Raised to Buy at Zacks Investment Research

Main Street Capital (NYSE:MAINGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The firm presently has a $43.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 10.57% from the company’s current price.

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. “

Other analysts have also recently issued reports about the company. StockNews.com began coverage on Main Street Capital in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Hovde Group began coverage on Main Street Capital in a report on Monday, March 7th. They issued a “market perform” rating and a $44.00 price objective on the stock. Finally, TheStreet lowered Main Street Capital from a “b” rating to a “c+” rating in a research note on Friday, February 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.00.

MAIN opened at $38.89 on Wednesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $41.45 and a 200-day moving average price of $43.12. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.78 and a beta of 1.32. Main Street Capital has a 12 month low of $37.91 and a 12 month high of $47.13.

Main Street Capital (NYSE:MAINGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. Main Street Capital had a return on equity of 11.70% and a net margin of 110.79%. During the same period in the previous year, the firm earned $0.58 earnings per share. On average, equities research analysts forecast that Main Street Capital will post 2.85 EPS for the current year.

In other news, Director Vincent D. Foster sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $43.15, for a total transaction of $2,157,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dwayne L. Hyzak sold 50,010 shares of the business’s stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $42.45, for a total value of $2,122,924.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,010 shares of company stock worth $6,403,425. 4.56% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. acquired a new position in Main Street Capital during the 1st quarter worth $30,000. Marshall Wace North America L.P. bought a new stake in shares of Main Street Capital in the 1st quarter valued at $30,000. Versant Capital Management Inc bought a new stake in shares of Main Street Capital in the 1st quarter valued at $38,000. EverSource Wealth Advisors LLC bought a new position in Main Street Capital during the 4th quarter worth about $38,000. Finally, Moors & Cabot Inc. bought a new position in Main Street Capital during the 3rd quarter worth about $41,000. 17.21% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Company Profile (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.

See Also

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Analyst Recommendations for Main Street Capital (NYSE:MAIN)

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