Main Street Capital (NYSE:MAIN) Upgraded by StockNews.com to Hold

Main Street Capital (NYSE:MAINGet Rating) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other analysts have also recently commented on MAIN. B. Riley initiated coverage on shares of Main Street Capital in a research note on Monday, December 12th. They set a “buy” rating and a $42.00 price target on the stock. TheStreet cut shares of Main Street Capital from a “b-” rating to a “c+” rating in a research note on Friday, September 23rd. UBS Group initiated coverage on shares of Main Street Capital in a research note on Monday, December 19th. They set a “neutral” rating and a $40.00 price target on the stock. Hovde Group reduced their price objective on shares of Main Street Capital to $40.00 in a research note on Wednesday, October 5th. Finally, Royal Bank of Canada reduced their price objective on shares of Main Street Capital from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and a consensus price target of $41.60.

Main Street Capital Stock Performance

NYSE MAIN opened at $37.15 on Tuesday. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 11.65 and a beta of 1.30. The company has a 50 day moving average of $37.46 and a 200-day moving average of $38.80. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.17. Main Street Capital has a 1-year low of $31.66 and a 1-year high of $45.67.

Main Street Capital (NYSE:MAINGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.08. The company had revenue of $98.39 million during the quarter, compared to analyst estimates of $87.68 million. Main Street Capital had a net margin of 66.53% and a return on equity of 11.91%. On average, equities analysts forecast that Main Street Capital will post 3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Main Street Capital

Hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC raised its holdings in Main Street Capital by 14.2% in the second quarter. Cetera Advisors LLC now owns 11,897 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 1,481 shares during the period. M&T Bank Corp raised its holdings in Main Street Capital by 1.0% in the second quarter. M&T Bank Corp now owns 52,492 shares of the financial services provider’s stock worth $2,003,000 after purchasing an additional 517 shares during the period. Private Trust Co. NA raised its holdings in Main Street Capital by 45.2% in the third quarter. Private Trust Co. NA now owns 2,997 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 933 shares during the period. Tiedemann Advisors LLC acquired a new stake in Main Street Capital in the third quarter worth $315,000. Finally, Vicus Capital raised its holdings in shares of Main Street Capital by 91.1% during the second quarter. Vicus Capital now owns 21,559 shares of the financial services provider’s stock worth $831,000 after acquiring an additional 10,278 shares during the period. 18.79% of the stock is currently owned by institutional investors and hedge funds.

About Main Street Capital

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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.

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