Zacks Investment Research upgraded shares of Main Street Capital (NYSE:MAIN) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. They currently have $47.00 target price on the financial services provider’s 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. “

Separately, National Securities reiterated a sell rating and issued a $4.00 price objective on shares of Prospect Capital in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Main Street Capital currently has a consensus rating of Hold and a consensus target price of $40.20.

MAIN opened at $41.74 on Tuesday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 16.01 and a beta of 0.87. The business has a 50-day moving average of $41.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.12 and a current ratio of 0.12. Main Street Capital has a 12 month low of $31.95 and a 12 month high of $42.83.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The firm had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.33 million. Main Street Capital had a return on equity of 10.70% and a net margin of 73.33%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. Analysts expect that Main Street Capital will post 2.54 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $2.46 dividend on an annualized basis and a yield of 5.89%. Main Street Capital’s dividend payout ratio is presently 94.62%.

A number of large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its position in shares of Main Street Capital by 3.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 59,670 shares of the financial services provider’s stock worth $2,453,000 after purchasing an additional 2,016 shares in the last quarter. Hamilton Point Investment Advisors LLC boosted its position in shares of Main Street Capital by 1.1% in the 2nd quarter. Hamilton Point Investment Advisors LLC now owns 54,736 shares of the financial services provider’s stock worth $2,262,000 after purchasing an additional 620 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Main Street Capital by 2.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 45,009 shares of the financial services provider’s stock worth $1,851,000 after purchasing an additional 1,225 shares in the last quarter. Taylor Frigon Capital Management LLC bought a new stake in shares of Main Street Capital in the 2nd quarter worth approximately $998,000. Finally, NEXT Financial Group Inc boosted its position in shares of Main Street Capital by 7,709.5% in the 2nd quarter. NEXT Financial Group Inc now owns 15,619 shares of the financial services provider’s stock worth $642,000 after purchasing an additional 15,419 shares in the last quarter. Institutional investors own 22.47% of the company’s stock.

About Main Street Capital

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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