Citizens Jmp Has Lowered Expectations for Main Street Capital (NYSE:MAIN) Stock Price

Main Street Capital (NYSE:MAIN) had its target price lowered by stock analysts at Citizens Jmp from $74.00 to $70.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s target price would indicate a potential upside of 29.53% from the stock’s previous close.

MAIN has been the subject of several other research reports. Noble Financial reissued a “neutral” rating on shares of Main Street Capital in a research report on Thursday, January 15th. Loop Capital raised shares of Main Street Capital to a “neutral” rating and set a $65.00 price target for the company in a research report on Thursday, January 15th. Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Citigroup reissued an “outperform” rating on shares of Main Street Capital in a research report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Main Street Capital presently has a consensus rating of “Hold” and an average price target of $61.71.

Main Street Capital Stock Performance

NYSE:MAIN opened at $54.04 on Wednesday. Main Street Capital has a 12-month low of $50.77 and a 12-month high of $67.77. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $4.87 billion, a PE ratio of 9.79 and a beta of 0.80. The firm has a 50-day moving average price of $55.64 and a 200 day moving average price of $58.48.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. Main Street Capital had a net margin of 87.11% and a return on equity of 12.44%. The firm had revenue of $156.17 million during the quarter, compared to analyst estimates of $141.50 million. Research analysts anticipate that Main Street Capital will post 4.02 earnings per share for the current fiscal year.

Institutional Trading of Main Street Capital

Several hedge funds have recently modified their holdings of MAIN. Van ECK Associates Corp increased its holdings in shares of Main Street Capital by 100.9% during the third quarter. Van ECK Associates Corp now owns 2,448,201 shares of the financial services provider’s stock worth $155,681,000 after buying an additional 1,229,863 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Main Street Capital by 3,880.8% during the fourth quarter. Corient Private Wealth LLC now owns 890,461 shares of the financial services provider’s stock worth $53,774,000 after buying an additional 868,092 shares in the last quarter. UBS Group AG increased its holdings in shares of Main Street Capital by 160.7% in the third quarter. UBS Group AG now owns 866,884 shares of the financial services provider’s stock valued at $55,125,000 after purchasing an additional 534,374 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Main Street Capital by 637.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 356,799 shares of the financial services provider’s stock valued at $21,547,000 after purchasing an additional 308,404 shares in the last quarter. Finally, Childress Capital Advisors LLC increased its holdings in shares of Main Street Capital by 165.2% in the fourth quarter. Childress Capital Advisors LLC now owns 293,733 shares of the financial services provider’s stock valued at $17,739,000 after purchasing an additional 182,973 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.