Main Street Capital Corporation (NYSE:MAIN) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday.

Other equities research analysts have also issued research reports about the company. ValuEngine upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, August 10th. Finally, National Securities restated a “sell” rating and set a $33.00 target price on shares of Main Street Capital Corporation in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.98.

Main Street Capital Corporation (NYSE:MAIN) opened at 40.36 on Tuesday. The company has a market cap of $2.29 billion, a PE ratio of 13.26 and a beta of 1.00. Main Street Capital Corporation has a 12-month low of $32.12 and a 12-month high of $40.86. The stock’s 50 day moving average price is $39.74 and its 200 day moving average price is $39.14.

Main Street Capital Corporation (NYSE:MAIN) last announced its earnings results 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 return on equity of 10.24% and a net margin of 86.36%. The company had revenue of $50.30 million for the quarter, compared to analyst estimates of $47.82 million. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that Main Street Capital Corporation will post $2.30 EPS for the current year.

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A number of large investors have recently made changes to their positions in the business. Pinebridge Investments L.P. boosted its holdings in Main Street Capital Corporation by 0.4% in the second quarter. Pinebridge Investments L.P. now owns 14,100 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 55 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in Main Street Capital Corporation by 0.8% in the first quarter. Archford Capital Strategies LLC now owns 38,019 shares of the financial services provider’s stock worth $1,459,000 after acquiring an additional 303 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in Main Street Capital Corporation by 1.2% in the second quarter. Capital Investment Advisors LLC now owns 28,395 shares of the financial services provider’s stock worth $1,092,000 after acquiring an additional 350 shares in the last quarter. Homrich & Berg boosted its holdings in Main Street Capital Corporation by 1.0% in the second quarter. Homrich & Berg now owns 37,432 shares of the financial services provider’s stock worth $1,440,000 after acquiring an additional 363 shares in the last quarter. Finally, Barnett & Company Inc. boosted its holdings in Main Street Capital Corporation by 0.8% in the second quarter. Barnett & Company Inc. now owns 52,287 shares of the financial services provider’s stock worth $2,011,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 26.33% of the company’s stock.

About Main Street Capital Corporation

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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