Main Street Capital Corporation (NYSE:MAIN) Receives Consensus Rating of “Hold” from Analysts

Shares of Main Street Capital Corporation (NYSE:MAIN) have received an average recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $60.40.

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Main Street Capital in a report on Tuesday, October 14th. Zacks Research cut shares of Main Street Capital from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Royal Bank Of Canada upped their price target on shares of Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Truist Financial reduced their price target on shares of Main Street Capital from $64.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, October 15th. Finally, UBS Group reiterated a “neutral” rating and issued a $58.00 price target (up previously from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th.

Insider Buying and Selling

In related news, Director Nicholas Meserve sold 14,000 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $67.15, for a total transaction of $940,100.00. Following the completion of the transaction, the director owned 82,383 shares in the company, valued at approximately $5,532,018.45. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Quest 10 Wealth Builders Inc. acquired a new position in Main Street Capital during the third quarter valued at approximately $25,000. City Holding Co. acquired a new position in Main Street Capital during the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its position in Main Street Capital by 109.6% during the second quarter. Smartleaf Asset Management LLC now owns 478 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 250 shares during the last quarter. Archer Investment Corp boosted its position in Main Street Capital by 134.5% during the third quarter. Archer Investment Corp now owns 544 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 312 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Main Street Capital during the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Up 0.0%

NYSE:MAIN opened at $57.17 on Wednesday. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 9.42 and a beta of 0.87. Main Street Capital has a 1 year low of $47.00 and a 1 year high of $67.77. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $62.00 and a two-hundred day moving average price of $60.41.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $143.97 million during the quarter, compared to analysts’ expectations of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. As a group, equities analysts expect that Main Street Capital will post 4.11 earnings per share for the current year.

About Main Street Capital

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.