Main Street Capital (NYSE:MAIN) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Main Street Capital has been upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, reflecting analysts' cautious optimism about the company's performance.
• Analysts predict a consensus price target of $53.60 for Main Street Capital, with five analysts rating the stock as "hold" and one as "buy."
• The company reported earnings of $1.01 EPS for the quarter, slightly exceeding analysts' expectations but with revenue falling short of projections.

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

A number of other equities analysts have also issued reports on the company. Truist Financial decreased their price objective on Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a report on Monday, May 12th. 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 report on Wednesday, July 16th. B. Riley raised Main Street Capital to a "hold" rating in a report on Monday, June 16th. Finally, Oppenheimer reissued a "market perform" rating on shares of Main Street Capital in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $53.60.

Main Street Capital Trading Down 1.3%

NYSE:MAIN opened at $63.88 on Friday. 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 has a one year low of $45.00 and a one year high of $66.39. The business's 50-day simple moving average is $60.36 and its 200 day simple moving average is $58.16. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 10.85 and a beta of 0.85.

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

Insider Transactions at Main Street Capital

In other Main Street Capital news, EVP Jason B. Beauvais sold 13,664 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $59.37, for a total transaction of $811,231.68. Following the completion of the transaction, the executive vice president directly owned 181,526 shares of the company's stock, valued at approximately $10,777,198.62. This trade represents a 7.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On Main Street Capital

Several large investors have recently modified their holdings of the stock. GWN Securities Inc. bought a new stake in shares of Main Street Capital during the 2nd quarter worth $424,000. United Capital Management of KS Inc. bought a new stake in shares of Main Street Capital during the 2nd quarter worth $362,000. Delta Investment Management LLC boosted its stake in shares of Main Street Capital by 8.8% during the 2nd quarter. Delta Investment Management LLC now owns 40,729 shares of the financial services provider's stock worth $2,407,000 after acquiring an additional 3,304 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Main Street Capital by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 120,003 shares of the financial services provider's stock worth $7,092,000 after acquiring an additional 2,007 shares in the last quarter. Finally, BIP Wealth LLC bought a new stake in shares of Main Street Capital during the 2nd quarter worth $207,000. 20.31% of the stock is owned by institutional investors.

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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