Main Street Capital (NYSE:MAIN – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.
According to Zacks, “Main Street Capital Corporation is a specialty investment company providing customized financing solutions to lower middle market companies which operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides one stop financing alternatives to its portfolio companies. “
Several other research analysts have also commented on the company. Hovde Group dropped their price target on Main Street Capital to $37.00 in a research report on Friday, May 20th. TheStreet lowered Main Street Capital from a “b” rating to a “c+” rating in a research report on Friday, February 25th. Finally, StockNews.com assumed coverage on Main Street Capital in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.83.
Shares of Main Street Capital stock opened at $37.89 on Thursday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.66 and a beta of 1.32. The business has a 50-day moving average price of $40.24 and a 200-day moving average price of $42.36. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18. Main Street Capital has a twelve month low of $35.30 and a twelve month high of $47.13.
Main Street Capital (NYSE:MAIN – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $79.40 million during the quarter, compared to analyst estimates of $82.59 million. Main Street Capital had a return on equity of 11.40% and a net margin of 110.79%. During the same quarter last year, the business posted $0.58 earnings per share. On average, equities analysts expect that Main Street Capital will post 2.89 EPS for the current fiscal year.
In related news, Director John Earl Jackson purchased 1,800 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was purchased at an average price of $42.22 per share, with a total value of $75,996.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David L. Magdol sold 50,000 shares of Main Street Capital stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $42.46, for a total transaction of $2,123,000.00. The disclosure for this sale can be found here. 4.56% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of MAIN. Two Sigma Advisers LP raised its stake in shares of Main Street Capital by 516.3% during the third quarter. Two Sigma Advisers LP now owns 185,381 shares of the financial services provider’s stock valued at $7,619,000 after acquiring an additional 155,303 shares in the last quarter. Two Sigma Investments LP raised its stake in Main Street Capital by 234.4% in the third quarter. Two Sigma Investments LP now owns 179,452 shares of the financial services provider’s stock worth $7,375,000 after buying an additional 125,787 shares in the last quarter. Millennium Management LLC raised its stake in Main Street Capital by 92.1% in the fourth quarter. Millennium Management LLC now owns 235,837 shares of the financial services provider’s stock worth $10,580,000 after buying an additional 113,098 shares in the last quarter. BlackRock Inc. raised its stake in Main Street Capital by 26.4% in the third quarter. BlackRock Inc. now owns 525,860 shares of the financial services provider’s stock worth $21,613,000 after buying an additional 109,719 shares in the last quarter. Finally, Morgan Stanley raised its stake in Main Street Capital by 24.5% in the second quarter. Morgan Stanley now owns 538,140 shares of the financial services provider’s stock worth $22,112,000 after buying an additional 106,040 shares in the last quarter. 17.21% of the stock is owned by hedge funds and other institutional investors.
Main Street Capital Company Profile (Get Rating)
Main Street Capital Corporation is a private equity firm 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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