Main Street Capital Corp. (NYSE:MAIN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $38.00 price target on the stock. Zacks Investment Research’s price objective suggests a potential upside of 5.56% from the company’s previous close.

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. “

MAIN has been the subject of a number of other reports. Royal Bank Of Canada increased their target price on Main Street Capital Corp. from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. National Securities reissued a “neutral” rating and set a $33.00 target price on shares of Main Street Capital Corp. in a research note on Monday. Robert W. Baird reissued an “outperform” rating and set a $37.00 target price (up from $36.00) on shares of Main Street Capital Corp. in a research note on Wednesday, August 17th. Wunderlich increased their target price on Main Street Capital Corp. from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Finally, FBR & Co raised their price objective on Main Street Capital Corp. from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $36.00.

Analyst Recommendations for Main Street Capital Corp. (NYSE:MAIN)

Main Street Capital Corp. (NYSE:MAIN) opened at 36.00 on Wednesday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 18.76 and a beta of 1.04. The firm’s 50-day moving average price is $33.99 and its 200-day moving average price is $33.25. Main Street Capital Corp. has a 1-year low of $24.21 and a 1-year high of $36.00.

The business also recently announced a monthly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.185 per share. This represents a $2.22 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date is Wednesday, December 28th. Main Street Capital Corp.’s dividend payout ratio (DPR) is presently 116.84%.

A number of large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its stake in shares of Main Street Capital Corp. by 2.6% in the second quarter. Macquarie Group Ltd. now owns 997,168 shares of the company’s stock worth $32,757,000 after buying an additional 25,286 shares during the period. Muzinich & Co. Inc. boosted its stake in shares of Main Street Capital Corp. by 83.7% in the third quarter. Muzinich & Co. Inc. now owns 656,599 shares of the company’s stock worth $22,541,000 after buying an additional 299,236 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Main Street Capital Corp. by 1,050.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 575,000 shares of the company’s stock worth $19,740,000 after buying an additional 525,000 shares during the period. Bank of Montreal Can boosted its stake in shares of Main Street Capital Corp. by 124.0% in the third quarter. Bank of Montreal Can now owns 451,617 shares of the company’s stock worth $15,504,000 after buying an additional 250,000 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Main Street Capital Corp. by 0.5% in the second quarter. Royal Bank of Canada now owns 435,181 shares of the company’s stock worth $14,297,000 after buying an additional 2,153 shares during the period. Hedge funds and other institutional investors own 27.43% of the company’s stock.

About Main Street Capital Corp.

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors.

5 Day Chart for NYSE:MAIN

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