Main Street Capital (NYSE:MAIN) received a $35.00 price target from equities research analysts at Janney Montgomery Scott in a research report issued on Friday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Janney Montgomery Scott’s price objective points to a potential downside of 5.84% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Main Street Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. National Securities raised their price objective on shares of Main Street Capital from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Finally, SunTrust Banks restated a “hold” rating and issued a $40.00 price objective on shares of Main Street Capital in a research report on Friday, August 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Main Street Capital currently has an average rating of “Hold” and a consensus target price of $39.20.
MAIN traded down $0.28 during midday trading on Friday, hitting $37.17. The company had a trading volume of 412,975 shares, compared to its average volume of 294,809. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.25 billion, a PE ratio of 15.55 and a beta of 0.83. Main Street Capital has a twelve month low of $34.37 and a twelve month high of $41.79.
Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $58.26 million during the quarter, compared to analysts’ expectations of $59.19 million. Main Street Capital had a net margin of 95.77% and a return on equity of 10.80%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. On average, research analysts predict that Main Street Capital will post 2.53 EPS for the current year.
Several large investors have recently modified their holdings of MAIN. Green Square Capital LLC acquired a new stake in shares of Main Street Capital during the 2nd quarter worth approximately $203,000. Good Life Advisors LLC acquired a new stake in shares of Main Street Capital during the 3rd quarter worth approximately $204,000. Comerica Bank acquired a new stake in shares of Main Street Capital during the 3rd quarter worth approximately $221,000. Verity Asset Management Inc. grew its position in shares of Main Street Capital by 20.8% during the 2nd quarter. Verity Asset Management Inc. now owns 7,429 shares of the financial services provider’s stock worth $283,000 after buying an additional 1,279 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Main Street Capital during the 2nd quarter worth approximately $327,000. Institutional investors own 23.93% of the company’s stock.
About Main Street Capital
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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