Main Street Capital (NYSE:MAIN) Downgraded by Wall Street Zen to Sell

Main Street Capital (NYSE:MAIN) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently commented on the company. UBS Group lowered their price objective on Main Street Capital from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Truist Financial reduced their price objective on Main Street Capital from $62.00 to $54.00 and set a “hold” rating for the company in a report on Monday, May 12th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Main Street Capital in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $52.80.

Main Street Capital Trading Up 0.5%

Shares of MAIN stock opened at $56.94 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. The company has a market cap of $5.07 billion, a PE ratio of 10.31 and a beta of 0.86. The stock’s fifty day moving average price is $54.17 and its two-hundred day moving average price is $56.73.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $137.05 million during the quarter, compared to analyst estimates of $137.50 million. Equities analysts predict that Main Street Capital will post 4.11 EPS for the current fiscal year.

Insider Transactions at Main Street Capital

In other news, insider David L. Magdol sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total value of $5,805,000.00. Following the completion of the sale, the insider now directly owns 377,182 shares in the company, valued at $21,895,415.10. This represents a 20.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the completion of the transaction, the chief executive officer now directly owns 402,371 shares of the company’s stock, valued at $23,357,636.55. This represents a 22.97% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Trading of Main Street Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Asset Planning Inc bought a new position in shares of Main Street Capital during the fourth quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC purchased a new position in Main Street Capital in the first quarter valued at $39,000. Spire Wealth Management purchased a new position in Main Street Capital in the first quarter valued at $40,000. Wellington Shields & Co. LLC acquired a new stake in shares of Main Street Capital in the first quarter valued at about $41,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Main Street Capital in the fourth quarter valued at about $45,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company 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.