Main Street Capital Corp. (NYSE:MAIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

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. “

A number of other analysts have also recently commented on the company. RBC Capital Markets reiterated an “outperform” rating and set a $35.00 target price (up previously from $32.00) on shares of Main Street Capital Corp. in a research report on Saturday, August 13th. FBR & Co lifted their target price on Main Street Capital Corp. from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 10th. Wunderlich lifted their target price on Main Street Capital Corp. from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. National Securities reiterated a “neutral” rating and set a $33.00 target price on shares of Main Street Capital Corp. in a research report on Wednesday, August 10th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $37.00 target price (up previously from $36.00) on shares of Main Street Capital Corp. in a research report on Wednesday, August 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $36.00.

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

Main Street Capital Corp. (NYSE:MAIN) opened at 36.40 on Tuesday. Main Street Capital Corp. has a 12-month low of $24.21 and a 12-month high of $36.95. The company has a 50-day moving average price of $34.13 and a 200-day moving average price of $33.35. The firm has a market cap of $1.93 billion, a PE ratio of 18.94 and a beta of 1.04.

The business also recently declared a monthly dividend, which will be paid on Friday, January 13th. Investors 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 dividend yield of 6.10%. The ex-dividend date of this dividend is Wednesday, December 28th. Main Street Capital Corp.’s dividend payout ratio is currently 116.84%.

Several institutional investors have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC raised its position in Main Street Capital Corp. by 0.3% in the third quarter. Regal Investment Advisors LLC now owns 9,336 shares of the company’s stock worth $321,000 after buying an additional 30 shares in the last quarter. Sii Investments Inc. WI raised its stake in shares of Main Street Capital Corp. by 0.6% in the second quarter. Sii Investments Inc. WI now owns 13,263 shares of the company’s stock worth $432,000 after buying an additional 83 shares in the last quarter. Callahan Advisors LLC raised its stake in shares of Main Street Capital Corp. by 1.6% in the second quarter. Callahan Advisors LLC now owns 8,362 shares of the company’s stock worth $275,000 after buying an additional 133 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Main Street Capital Corp. by 1.7% in the second quarter. Chicago Partners Investment Group LLC now owns 10,120 shares of the company’s stock worth $332,000 after buying an additional 171 shares in the last quarter. Finally, National Asset Management Inc. raised its stake in shares of Main Street Capital Corp. by 2.4% in the second quarter. National Asset Management Inc. now owns 8,611 shares of the company’s stock worth $283,000 after buying an additional 203 shares in the last quarter. 27.93% of the stock is currently owned by hedge funds and other institutional investors.

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

Receive News & Stock Ratings for Main Street Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital Corp. and related stocks with our FREE daily email newsletter.