Analysts Set Main Street Capital Corporation (NYSE:MAIN) Price Target at $62.75

Shares of Main Street Capital Corporation (NYSE:MAIN) have been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $62.75.

A number of equities research analysts recently weighed in on the stock. Noble Financial reaffirmed a “neutral” rating on shares of Main Street Capital in a research note on Thursday, January 15th. Loop Capital raised shares of Main Street Capital to a “neutral” rating and set a $65.00 price objective for the company in a report on Thursday, January 15th. JMP Securities set a $70.00 target price on Main Street Capital in a research note on Monday, December 8th. Royal Bank Of Canada lowered their price target on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Main Street Capital in a report on Monday, December 22nd.

Institutional Investors Weigh In On Main Street Capital

A number of hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp raised its position in Main Street Capital by 100.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,448,201 shares of the financial services provider’s stock worth $155,681,000 after purchasing an additional 1,229,863 shares during the period. 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 worth $55,125,000 after buying an additional 534,374 shares during the period. Legal & General Group Plc lifted its stake in shares of Main Street Capital by 15.2% in the 4th quarter. Legal & General Group Plc now owns 719,967 shares of the financial services provider’s stock valued at $43,479,000 after acquiring an additional 95,177 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted its holdings in Main Street Capital by 5.3% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 478,435 shares of the financial services provider’s stock valued at $28,893,000 after acquiring an additional 23,942 shares during the period. Finally, Muzinich & Co. Inc. grew its position in Main Street Capital by 19.8% during the 4th quarter. Muzinich & Co. Inc. now owns 440,012 shares of the financial services provider’s stock worth $26,572,000 after acquiring an additional 72,872 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Price Performance

Main Street Capital stock opened at $59.48 on Friday. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 9.86 and a beta of 0.80. 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 business has a 50-day simple moving average of $61.81 and a 200 day simple moving average of $61.70. Main Street Capital has a 52 week low of $47.00 and a 52 week high of $67.77.

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.