BidaskClub Downgrades Main Street Capital Corporation (MAIN) to Sell

BidaskClub lowered shares of Main Street Capital Corporation (NYSE:MAIN) from a hold rating to a sell rating in a report issued on Saturday morning.

Other equities research analysts have also issued reports about the stock. National Securities reiterated a sell rating and set a $33.00 price target on shares of Main Street Capital Corporation in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of Main Street Capital Corporation from a sell rating to a hold rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Main Street Capital Corporation from a hold rating to a buy rating in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $38.98.

Main Street Capital Corporation (NYSE MAIN) opened at 39.90 on Friday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.11 and a beta of 1.00. The firm has a 50-day moving average of $39.63 and a 200 day moving average of $39.06. Main Street Capital Corporation has a 12-month low of $32.12 and a 12-month high of $40.86.

Main Street Capital Corporation (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $50.30 million for the quarter, compared to analyst estimates of $47.82 million. During the same period last year, the business earned $0.54 EPS. The company’s revenue was up 17.2% on a year-over-year basis. On average, analysts predict that Main Street Capital Corporation will post $2.30 earnings per share for the current fiscal year.

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The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.19 per share. 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 74.75%.

A number of large investors have recently made changes to their positions in MAIN. Pinebridge Investments L.P. grew its position in Main Street Capital Corporation by 0.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 14,100 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 55 shares during the last quarter. Archford Capital Strategies LLC grew its position in Main Street Capital Corporation by 0.8% during the 1st quarter. Archford Capital Strategies LLC now owns 38,019 shares of the financial services provider’s stock worth $1,459,000 after purchasing an additional 303 shares during the last quarter. Capital Investment Advisors LLC grew its position in Main Street Capital Corporation by 1.2% during the 2nd quarter. Capital Investment Advisors LLC now owns 28,395 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 350 shares during the last quarter. Homrich & Berg grew its position in 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. Finally, Barnett & Company Inc. grew its position in Main Street Capital Corporation by 0.8% during the 2nd quarter. Barnett & Company Inc. now owns 52,287 shares of the financial services provider’s stock worth $2,011,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 26.33% of the comp

Other equities research analysts have also issued reports about the stock. National Securities reiterated a sell rating and set a $33.00 price target on shares of Main Street Capital Corporation in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of Main Street Capital Corporation from a sell rating to a hold rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Main Street Capital Corporation from a hold rating to a buy rating in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $38.98.

Main Street Capital Corporation (NYSE MAIN) opened at 39.90 on Friday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.11 and a beta of 1.00. The firm has a 50-day moving average of $39.63 and a 200 day moving average of $39.06. Main Street Capital Corporation has a 12-month low of $32.12 and a 12-month high of $40.86.

Main Street Capital Corporation (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $50.30 million for the quarter, compared to analyst estimates of $47.82 million. During the same period last year, the business earned $0.54 EPS. The company’s revenue was up 17.2% on a year-over-year basis. On average, analysts predict that Main Street Capital Corporation will post $2.30 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/bidaskclub-downgrades-main-street-capital-corporation-main-to-sell.html.

The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.19 per share. 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 74.75%.

A number of large investors have recently made changes to their positions in MAIN. Pinebridge Investments L.P. grew its position in Main Street Capital Corporation by 0.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 14,100 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 55 shares during the last quarter. Archford Capital Strategies LLC grew its position in Main Street Capital Corporation by 0.8% during the 1st quarter. Archford Capital Strategies LLC now owns 38,019 shares of the financial services provider’s stock worth $1,459,000 after purchasing an additional 303 shares during the last quarter. Capital Investment Advisors LLC grew its position in Main Street Capital Corporation by 1.2% during the 2nd quarter. Capital Investment Advisors LLC now owns 28,395 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 350 shares during the last quarter. Homrich & Berg grew its position in 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. Finally, Barnett & Company Inc. grew its position in Main Street Capital Corporation by 0.8% during the 2nd quarter. Barnett & Company Inc. now owns 52,287 shares of the financial services provider’s stock worth $2,011,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 26.33% of the company’s stock.

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.

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

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