Main Street Capital (NYSE:MAIN) Downgraded to Sell Rating by Wall Street Zen

Main Street Capital (NYSE:MAIN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently commented on MAIN. B. Riley raised shares of Main Street Capital to a "hold" rating in a research note on Monday, June 16th. UBS Group reissued a "neutral" rating and issued a $58.00 price objective (up from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. Oppenheimer reissued a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. Finally, Truist Financial dropped their price objective on shares of Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $53.60.

Main Street Capital Stock Performance

MAIN opened at $65.82 on Friday. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 11.17 and a beta of 0.82. The company has a fifty day moving average of $59.49 and a 200 day moving average of $57.95. Main Street Capital has a fifty-two week low of $45.00 and a fifty-two week high of $66.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.10 and a current ratio of 0.10.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Main Street Capital had a net margin of 94.61% and a return on equity of 13.02%. The company had revenue of $137.05 million during the quarter, compared to analysts' expectations of $137.50 million. As a group, sell-side analysts forecast that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jason B. Beauvais sold 13,664 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $59.37, for a total value of $811,231.68. Following the completion of the sale, the executive vice president owned 181,526 shares in the company, valued at approximately $10,777,198.62. This trade represents a 7.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On Main Street Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV lifted its holdings in Main Street Capital by 2.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 9,520 shares of the financial services provider's stock valued at $538,000 after buying an additional 221 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Main Street Capital by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 58,955 shares of the financial services provider's stock valued at $3,454,000 after buying an additional 229 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in Main Street Capital by 1.4% during the 1st quarter. Uncommon Cents Investing LLC now owns 16,206 shares of the financial services provider's stock valued at $917,000 after buying an additional 231 shares in the last quarter. Sigma Planning Corp lifted its holdings in Main Street Capital by 0.5% during the 1st quarter. Sigma Planning Corp now owns 44,942 shares of the financial services provider's stock valued at $2,542,000 after buying an additional 236 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Main Street Capital by 9.4% during the 1st quarter. US Bancorp DE now owns 2,822 shares of the financial services provider's stock valued at $160,000 after buying an additional 243 shares in the last quarter. Institutional investors own 20.31% of the company's stock.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.

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