Main Street Capital Corporation (NYSE:MAIN) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Main Street Capital Corporation (NYSE:MAIN) from a hold rating to a buy rating in a report issued on Friday, September 1st.

MAIN has been the subject of a number of other reports. Vetr upgraded Main Street Capital Corporation from a hold rating to a buy rating and set a $40.90 target price for the company in a report on Wednesday, May 10th. Raymond James Financial, Inc. reiterated an underperform rating on shares of Main Street Capital Corporation in a report on Wednesday, May 10th. Zacks Investment Research upgraded Main Street Capital Corporation from a hold rating to a buy rating and set a $45.00 target price for the company in a report on Thursday, August 10th. Citigroup Inc. downgraded Main Street Capital Corporation from a market perform rating to an underperform rating in a report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada restated an outperform rating and set a $40.00 price objective (up previously from $35.00) on shares of Main Street Capital Corporation in a report on Thursday, May 18th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $38.98.

Main Street Capital Corporation (MAIN) traded down 0.15% during midday trading on Friday, hitting $39.95. 252,450 shares of the stock traded hands. Main Street Capital Corporation has a 1-year low of $32.12 and a 1-year high of $40.86. The firm has a market cap of $2.27 billion, a P/E ratio of 13.12 and a beta of 1.03. The company has a 50-day moving average price of $39.51 and a 200-day moving average price of $38.70.

Main Street Capital Corporation (NYSE:MAIN) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. The company had revenue of $50.30 million during the quarter, compared to the consensus estimate of $47.82 million. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue was up 17.2% compared to the same quarter last year. Analysts predict that Main Street Capital Corporation will post $2.30 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Main Street Capital Corporation (NYSE:MAIN) Upgraded to “Buy” at ValuEngine” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/09/17/main-street-capital-corporation-main-lifted-to-buy-at-valuengine.html.

The firm also recently disclosed 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 of this dividend 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 currently 72.79%.

A number of hedge funds have recently bought and sold shares of MAIN. Muzinich & Co. Inc. lifted its position in shares of Main Street Capital Corporation by 83.4% during the 1st quarter. Muzinich & Co. Inc. now owns 2,179,673 shares of the financial services provider’s stock valued at $83,416,000 after buying an additional 991,007 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Main Street Capital Corporation during the 1st quarter valued at $12,791,000. UBS Group AG lifted its position in shares of Main Street Capital Corporation by 90.7% during the 1st quarter. UBS Group AG now owns 663,492 shares of the financial services provider’s stock valued at $25,392,000 after buying an additional 315,622 shares during the last quarter. Usca Ria LLC lifted its position in shares of Main Street Capital Corporation by 127.4% during the 2nd quarter. Usca Ria LLC now owns 372,302 shares of the financial services provider’s stock valued at $14,319,000 after buying an additional 208,555 shares during the last quarter. Finally, Blair William & Co. IL purchased a new position in shares of Main Street Capital Corporation during the 1st quarter valued at $4,257,000. 26.32% of the stock is currently owned by institutional investors and hedge funds.

About Main Street Capital Corporation

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply