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

Wall Street Zen cut shares of Main Street Capital (NYSE:MAIN) from a hold rating to a sell rating in a research note released on Saturday morning.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada raised their price objective on shares of Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Zacks Research cut shares of Main Street Capital from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. B. Riley decreased their price objective on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Main Street Capital in a report on Wednesday, November 5th. Finally, Truist Financial cut their target price on Main Street Capital from $64.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and an average target price of $59.60.

Main Street Capital Stock Performance

Shares of NYSE:MAIN traded down $0.52 during trading on Friday, hitting $58.38. 474,019 shares of the stock were exchanged, compared to its average volume of 559,876. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 9.62 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Main Street Capital has a 1-year low of $47.00 and a 1-year high of $67.77. The company’s fifty day simple moving average is $60.80 and its 200-day simple moving average is $60.63.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.09). The firm had revenue of $151.23 million during the quarter, compared to analyst estimates of $140.53 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. Sell-side analysts expect that Main Street Capital will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, March 6th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Main Street Capital’s dividend payout ratio is 50.75%.

Hedge Funds Weigh In On Main Street Capital

A number of institutional investors and hedge funds have recently bought and sold shares of MAIN. Brighton Jones LLC acquired a new stake in shares of Main Street Capital in the fourth quarter valued at $304,000. Bank of New York Mellon Corp increased its stake in shares of Main Street Capital by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 38,202 shares of the financial services provider’s stock valued at $2,161,000 after buying an additional 8,886 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Main Street Capital during the first quarter worth $6,205,000. Cullen Frost Bankers Inc. lifted its stake in shares of Main Street Capital by 17.4% during the first quarter. Cullen Frost Bankers Inc. now owns 5,420 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 802 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of Main Street Capital by 7.3% during the first quarter. Private Advisor Group LLC now owns 157,672 shares of the financial services provider’s stock valued at $8,918,000 after acquiring an additional 10,718 shares during the period. 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.