BidaskClub downgraded shares of Main Street Capital Corporation (NYSE:MAIN) from a hold rating to a sell rating in a research report sent to investors on Saturday.

MAIN has been the subject of several other research reports. Zacks Investment Research raised shares of Main Street Capital Corporation from a hold rating to a buy rating and set a $45.00 price target for the company in a research report on Thursday, August 10th. ValuEngine raised shares of Main Street Capital Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, National Securities reissued a sell rating and issued a $33.00 price target on shares of Main Street Capital Corporation in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Main Street Capital Corporation has an average rating of Hold and an average price target of $38.98.

Shares of Main Street Capital Corporation (NYSE:MAIN) opened at 39.96 on Friday. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 13.13 and a beta of 1.00. Main Street Capital Corporation has a 12-month low of $32.12 and a 12-month high of $40.86. The firm’s 50-day moving average price is $39.60 and its 200-day moving average price is $39.04.

Main Street Capital Corporation (NYSE:MAIN) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Main Street Capital Corporation had a net margin of 86.36% and a return on equity of 10.24%. The firm had revenue of $50.30 million during the quarter, compared to the consensus estimate of $47.82 million. During the same quarter last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts forecast that Main Street Capital Corporation will post $2.30 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “BidaskClub Lowers Main Street Capital Corporation (MAIN) to Sell” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/bidaskclub-lowers-main-street-capital-corporation-main-to-sell/1620756.html.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be given a $0.19 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.28 annualized dividend and a yield of 5.71%. Main Street Capital Corporation’s dividend payout ratio is presently 74.75%.

Institutional investors have recently added to or reduced their stakes in the company. Homrich & Berg lifted its position in shares of Main Street Capital Corporation by 1.0% during the 2nd quarter. Homrich & Berg now owns 37,432 shares of the financial services provider’s stock worth $1,440,000 after purchasing an additional 363 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Main Street Capital Corporation by 6.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 94,577 shares of the financial services provider’s stock worth $3,637,000 after purchasing an additional 5,374 shares during the last quarter. Creative Planning lifted its position in shares of Main Street Capital Corporation by 19.5% during the 2nd quarter. Creative Planning now owns 17,595 shares of the financial services provider’s stock worth $677,000 after purchasing an additional 2,877 shares during the last quarter. Capital Fund Management S.A. lifted its position in shares of Main Street Capital Corporation by 103.3% during the 2nd quarter. Capital Fund Management S.A. now owns 18,500 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 9,400 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Main Street Capital Corporation by 75.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,299 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 4,415 shares during the last quarter. 26.33% of the stock is owned by institutional investors and hedge funds.

Main Street Capital Corporation Company Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

Analyst Recommendations for Main Street Capital Corporation (NYSE:MAIN)

Receive News & Ratings for Main Street Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.