Main Street Capital Corporation (NYSE:MAIN) Receives $62.75 Consensus Target Price from Analysts

Main Street Capital Corporation (NYSE:MAIN) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $61.7143.

Several brokerages have weighed in on MAIN. Wall Street Zen upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. B. Riley Financial lowered their price target on Main Street Capital from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Citizens Jmp set a $70.00 price objective on Main Street Capital in a research note on Monday, December 8th. Citigroup reiterated an “outperform” rating on shares of Main Street Capital in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada lowered their target price on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, December 9th.

Main Street Capital Price Performance

Main Street Capital stock opened at $59.16 on Friday. The company has a market cap of $5.30 billion, a P/E ratio of 9.81 and a beta of 0.80. Main Street Capital has a one year low of $47.00 and a one year high of $67.77. The business has a fifty day moving average of $61.69 and a two-hundred day moving average of $61.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.06 and a current ratio of 0.06.

Institutional Trading of Main Street Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC lifted its stake in Main Street Capital by 5.2% in the 4th quarter. Guggenheim Capital LLC now owns 12,103 shares of the financial services provider’s stock valued at $731,000 after buying an additional 597 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Main Street Capital by 9.4% in the fourth quarter. Cetera Investment Advisers now owns 74,630 shares of the financial services provider’s stock valued at $4,507,000 after acquiring an additional 6,386 shares in the last quarter. Jain Global LLC acquired a new stake in shares of Main Street Capital during the fourth quarter valued at $287,000. Trexquant Investment LP acquired a new stake in shares of Main Street Capital during the fourth quarter valued at $1,122,000. Finally, Price T Rowe Associates Inc. MD increased its position in Main Street Capital by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,734,461 shares of the financial services provider’s stock worth $165,135,000 after purchasing an additional 162,580 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.