Zacks Investment Research upgraded shares of Main Street Capital Corp. (NYSE:MAIN) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $40.00 price objective on the stock.

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. “

Several other equities research analysts have also commented on MAIN. FBR & Co boosted their price objective on Main Street Capital Corp. from $35.00 to $37.00 and gave the stock an outperform rating in a research note on Wednesday, August 10th. Wunderlich boosted their target price on Main Street Capital Corp. from $34.00 to $37.00 and gave the stock a buy rating in a report on Wednesday, August 10th. National Securities restated a neutral rating and set a $33.00 target price on shares of Main Street Capital Corp. in a report on Wednesday, August 10th. Royal Bank Of Canada boosted their target price on Main Street Capital Corp. from $32.00 to $35.00 and gave the stock an outperform rating in a report on Thursday, August 11th. Finally, RBC Capital Markets restated an outperform rating and set a $35.00 target price (up from $32.00) on shares of Main Street Capital Corp. in a report on Saturday, August 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $36.29.

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

Main Street Capital Corp. (NYSE:MAIN) traded up 1.0035% during midday trading on Wednesday, hitting $36.2653. The stock had a trading volume of 175,043 shares. Main Street Capital Corp. has a 12-month low of $24.21 and a 12-month high of $36.95. The firm has a 50-day moving average of $34.24 and a 200-day moving average of $33.40. The company has a market cap of $1.92 billion, a PE ratio of 18.8685 and a beta of 1.04.

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a dividend of $0.185 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Wednesday, December 28th. Main Street Capital Corp.’s dividend payout ratio is currently 116.84%.

Several hedge funds have recently bought and sold shares of MAIN. Muzinich & Co. Inc. increased its position in Main Street Capital Corp. by 0.9% in the second quarter. Muzinich & Co. Inc. now owns 357,363 shares of the company’s stock valued at $11,739,000 after buying an additional 3,083 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Main Street Capital Corp. during the second quarter valued at about $389,000. HL Financial Services LLC increased its position in Main Street Capital Corp. by 13.5% in the second quarter. HL Financial Services LLC now owns 32,889 shares of the company’s stock valued at $1,080,000 after buying an additional 3,911 shares in the last quarter. Creative Planning increased its position in Main Street Capital Corp. by 9.9% in the second quarter. Creative Planning now owns 15,437 shares of the company’s stock valued at $507,000 after buying an additional 1,394 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Main Street Capital Corp. by 13.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 68,820 shares of the company’s stock valued at $2,157,000 after buying an additional 8,425 shares in the last quarter. 27.93% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Corp. Company Profile

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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