Main Street Capital Corporation (MAIN) Downgraded by BidaskClub to Sell

BidaskClub lowered shares of Main Street Capital Corporation (NYSE:MAIN) from a hold rating to a sell rating in a research note released on Saturday morning.

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

Shares of Main Street Capital Corporation (NYSE MAIN) traded down 0.05% during mid-day trading on Friday, hitting $39.94. 144,572 shares of the stock were exchanged. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 13.12 and a beta of 1.00. The stock has a 50-day moving average price of $39.58 and a 200 day moving average price of $38.99. Main Street Capital Corporation has a 52-week low of $32.12 and a 52-week high of $40.86.

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

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The firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a $0.19 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.28 annualized dividend and a yield of 5.71%. Main Street Capital Corporation’s dividend payout ratio (DPR) is presently 74.75%.

A number of large investors have recently modified their holdings of MAIN. UBS Group AG increased 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. Usca Ria LLC increased 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. Muzinich & Co. Inc. increased 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. California Public Employees Retirement System increased its holdings in Main Street Capital Corporation by 746.5% in the 1st quarter. California Public Employees Retirement System now owns 107,500 shares of the financial services provider’s stock worth $4,114,000 after buying an additional 94,800 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Main Street Capital Corporation by 193.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 109,597 shares of the financial services provider’s stock worth $4,215,000 after buying an additional 72,251 shares during the period. Institutional investors 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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