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

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

Several other equities research analysts also recently weighed in on MAIN. Citigroup reaffirmed an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Royal Bank Of Canada reduced their price objective on shares of Main Street Capital from $66.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday. Citizens Jmp cut their price target on shares of Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of Main Street Capital from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Main Street Capital currently has an average rating of “Hold” and an average target price of $61.83.

Main Street Capital Stock Performance

MAIN stock opened at $50.42 on Friday. The company has a market capitalization of $4.69 billion, a P/E ratio of 10.61 and a beta of 0.76. The company has a 50-day simple moving average of $54.43 and a 200 day simple moving average of $58.06. Main Street Capital has a fifty-two week low of $50.05 and a fifty-two week high of $67.77. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). The company had revenue of $73.44 million during the quarter, compared to analyst estimates of $145.23 million. Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%. Sell-side analysts predict that Main Street Capital will post 4.02 earnings per share for the current fiscal year.

Institutional Trading of Main Street Capital

A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Main Street Capital by 11.0% in the first quarter. The Manufacturers Life Insurance Company now owns 24,890 shares of the financial services provider’s stock worth $1,318,000 after purchasing an additional 2,467 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Main Street Capital in the first quarter worth approximately $1,005,000. Waverly Advisors LLC lifted its position in shares of Main Street Capital by 31.3% in the first quarter. Waverly Advisors LLC now owns 4,650 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 1,108 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Main Street Capital in the first quarter worth approximately $1,964,000. Finally, Lido Advisors LLC lifted its position in shares of Main Street Capital by 134.7% in the first quarter. Lido Advisors LLC now owns 29,380 shares of the financial services provider’s stock worth $1,556,000 after purchasing an additional 16,860 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Company Profile

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.