Analysts Set Main Street Capital Corporation (NYSE:MAIN) Price Target at $62.75

Main Street Capital Corporation (NYSE:MAIN) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $61.7143.

Several equities analysts recently commented on the company. Noble Financial restated a “neutral” rating on shares of Main Street Capital in a research report on Thursday, January 15th. Wall Street Zen upgraded Main Street Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Citizens Jmp set a $70.00 target price on shares of Main Street Capital in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Main Street Capital in a report on Monday, December 22nd. Finally, Citigroup reissued an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th.

Institutional Investors Weigh In On Main Street Capital

A number of large investors have recently bought and sold shares of MAIN. Freedom Financial Partners LLC raised its position in Main Street Capital by 3.3% in the 4th quarter. Freedom Financial Partners LLC now owns 5,356 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 170 shares during the last quarter. Uncommon Cents Investing LLC increased its stake in shares of Main Street Capital by 1.2% in the third quarter. Uncommon Cents Investing LLC now owns 16,627 shares of the financial services provider’s stock valued at $1,057,000 after buying an additional 190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Main Street Capital by 1.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,889 shares of the financial services provider’s stock valued at $939,000 after buying an additional 193 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of Main Street Capital by 0.4% in the fourth quarter. Prospera Financial Services Inc now owns 48,229 shares of the financial services provider’s stock valued at $2,915,000 after buying an additional 194 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in Main Street Capital by 2.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,916 shares of the financial services provider’s stock valued at $631,000 after acquiring an additional 198 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Stock Down 3.5%

Shares of MAIN opened at $57.89 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $61.54 and a two-hundred day moving average price of $61.59. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 9.60 and a beta of 0.80. Main Street Capital has a 12 month low of $47.00 and a 12 month high of $67.77.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.