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

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

MAIN has been the topic of a number of other research reports. UBS Group lowered their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Oppenheimer reaffirmed a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. Finally, Truist Financial dropped their target price on Main Street Capital from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $52.80.

Main Street Capital Price Performance

MAIN stock traded up $0.19 during trading on Friday, hitting $56.65. The company had a trading volume of 458,348 shares, compared to its average volume of 467,515. Main Street Capital has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 10.26 and a beta of 0.86. The business has a 50 day moving average of $54.11 and a 200 day moving average of $56.76.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. The company had revenue of $137.05 million for the quarter, compared to analysts' expectations of $137.50 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. As a group, research analysts predict that Main Street Capital will post 4.11 earnings per share for the current year.

Insider Activity

In other news, insider David L. Magdol sold 100,000 shares of Main Street Capital stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the completion of the sale, the insider now owns 377,182 shares in the company, valued at $21,895,415.10. The trade was a 20.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the sale, the chief executive officer now owns 402,371 shares of the company's stock, valued at $23,357,636.55. The trade was a 22.97% decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Main Street Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its holdings in Main Street Capital by 45,123.0% in the first quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider's stock worth $33,405,000 after purchasing an additional 589,307 shares during the period. Invesco Ltd. boosted its stake in shares of Main Street Capital by 282.5% during the 1st quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider's stock worth $30,105,000 after buying an additional 393,101 shares during the last quarter. Raymond James Financial Inc. bought a new position in Main Street Capital in the fourth quarter valued at approximately $10,460,000. Victory Capital Management Inc. bought a new position in shares of Main Street Capital in the first quarter valued at $6,205,000. Finally, First Trust Advisors LP acquired a new position in shares of Main Street Capital during the 4th quarter worth about $6,059,000. 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.