Main Street Capital Corporation (NYSE:MAIN) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.

MAIN has been the subject of a number of other reports. Vetr upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $40.90 price objective for the company in a research report on Wednesday, May 10th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Main Street Capital Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Thursday. Citigroup Inc. lowered shares of Main Street Capital Corporation from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 target price (up previously from $35.00) on shares of Main Street Capital Corporation in a report on Thursday, May 18th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Main Street Capital Corporation currently has a consensus rating of “Hold” and a consensus price target of $38.70.

Shares of Main Street Capital Corporation (NYSE:MAIN) traded down 0.59% during trading on Thursday, hitting $40.16. 32,213 shares of the company traded hands. The company has a 50 day moving average price of $38.81 and a 200 day moving average price of $38.18. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 13.19 and a beta of 1.04. Main Street Capital Corporation has a 52 week low of $32.12 and a 52 week 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 EPS for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $47.82 million. During the same period in the previous year, the business posted $0.54 EPS. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, analysts expect that Main Street Capital Corporation will post $2.28 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in MAIN. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Main Street Capital Corporation during the first quarter worth about $101,000. US Bancorp DE raised its position in shares of Main Street Capital Corporation by 20.7% in the first quarter. US Bancorp DE now owns 3,207 shares of the financial services provider’s stock worth $123,000 after buying an additional 549 shares during the period. V Wealth Management LLC acquired a new position in shares of Main Street Capital Corporation during the second quarter worth about $139,000. Global X Management Co. LLC raised its position in shares of Main Street Capital Corporation by 49.7% in the first quarter. Global X Management Co. LLC now owns 3,657 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,214 shares during the period. Finally, Aperio Group LLC acquired a new position in shares of Main Street Capital Corporation during the second quarter worth about $204,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Main Street Capital Corporation Company Profile

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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