Main Street Capital (NYSE:MAIN) Upgraded to "Hold" at Wall Street Zen

Main Street Capital (NYSE:MAIN - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

A number of other equities analysts also recently commented on MAIN. Oppenheimer restated a "market perform" rating on shares of Main Street Capital in a research note on Tuesday, May 13th. B. Riley upgraded Main Street Capital to a "hold" rating in a report on Monday, June 16th. Truist Financial decreased their target price on Main Street Capital from $62.00 to $54.00 and set a "hold" rating for the company in a research report on Monday, May 12th. Finally, UBS Group dropped their price target on Main Street Capital from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Main Street Capital has an average rating of "Hold" and a consensus price target of $52.80.

Main Street Capital Trading Down 0.5%

MAIN traded down $0.32 during trading hours on Friday, reaching $59.00. 433,016 shares of the company's stock traded hands, compared to its average volume of 473,620. The firm has a 50-day moving average price of $55.70 and a 200 day moving average price of $57.14. The firm has a market capitalization of $5.25 billion, a PE ratio of 10.02 and a beta of 0.82. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.12. Main Street Capital has a 52-week low of $45.00 and a 52-week high of $63.32.

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

Insider Buying and Selling

In other 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 sale, the executive vice president now owns 181,526 shares in the company, valued at approximately $10,777,198.62. This represents a 7.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Main Street Capital

A number of institutional investors and hedge funds have recently modified their holdings of MAIN. Financial Network Wealth Advisors LLC purchased a new stake in Main Street Capital in the 1st quarter worth approximately $39,000. Spire Wealth Management acquired a new position in shares of Main Street Capital during the 1st quarter worth approximately $40,000. Wellington Shields & Co. LLC purchased a new stake in Main Street Capital in the 1st quarter valued at $41,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Main Street Capital in the 4th quarter worth $45,000. Finally, Colonial Trust Advisors purchased a new position in shares of Main Street Capital during the 4th quarter worth $46,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Main Street Capital Company Profile

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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