Main Street Capital Corporation (NYSE:MAIN) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

MAIN has been the subject of several other research reports. Zacks Investment Research upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Thursday, August 10th. ValuEngine upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, National Securities reiterated a “sell” rating and issued a $33.00 price objective on shares of Main Street Capital Corporation in a report on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.98.

Main Street Capital Corporation (NYSE MAIN) opened at 39.94 on Friday. The stock’s 50 day moving average price is $39.58 and its 200-day moving average price is $38.99. Main Street Capital Corporation has a 12 month low of $32.12 and a 12 month high of $40.86. The company has a market capitalization of $2.27 billion, a P/E ratio of 13.12 and a beta of 1.00.

Main Street Capital Corporation (NYSE:MAIN) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $50.30 million during the quarter, compared to analysts’ expectations of $47.82 million. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. Main Street Capital Corporation’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. On average, equities research analysts predict that Main Street Capital Corporation will post $2.30 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Muzinich & Co. Inc. lifted its holdings in Main Street Capital Corporation by 6.1% in the 2nd quarter. Muzinich & Co. Inc. now owns 2,313,404 shares of the financial services provider’s stock worth $88,974,000 after buying an additional 133,731 shares during the period. Macquarie Group Ltd. lifted its holdings in Main Street Capital Corporation by 3.2% in the 2nd quarter. Macquarie Group Ltd. now owns 1,029,670 shares of the financial services provider’s stock worth $39,601,000 after buying an additional 31,776 shares during the period. UBS Group AG lifted its holdings in Main Street Capital Corporation by 90.7% in the 1st quarter. UBS Group AG now owns 663,492 shares of the financial services provider’s stock worth $25,392,000 after buying an additional 315,622 shares during the period. Van ECK Associates Corp lifted its holdings in Main Street Capital Corporation by 22.9% in the 2nd quarter. Van ECK Associates Corp now owns 381,415 shares of the financial services provider’s stock worth $14,669,000 after buying an additional 70,945 shares during the period. Finally, Usca Ria LLC lifted its holdings in Main Street Capital Corporation by 127.4% in the 2nd quarter. Usca Ria LLC now owns 372,302 shares of the financial services provider’s stock worth $14,319,000 after buying an additional 208,555 shares during the period. Institutional investors and hedge funds own 26.32% of the company’s stock.

About Main Street Capital Corporation

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

Analyst Recommendations for Main Street Capital Corporation (NYSE:MAIN)

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