Zacks Investment Research cut shares of Main Street Capital (NYSE:MAIN) from a hold rating to a sell rating in a research note published on Wednesday morning.

According to Zacks, “Main Street Capital Corporation is a specialty investment company providing customized financing solutions to lower middle market companies which operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides one stop financing alternatives to its portfolio companies. “

Separately, National Securities reaffirmed a neutral rating and issued a $38.00 target price on shares of Main Street Capital in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $38.50.

Shares of NYSE:MAIN opened at $38.44 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market cap of $2.38 billion, a P/E ratio of 14.78 and a beta of 0.96. Main Street Capital has a 12-month low of $31.95 and a 12-month high of $40.77.

The company also recently announced a monthly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 20th will be given a $0.20 dividend. This represents a $2.40 annualized dividend and a yield of 6.24%. The ex-dividend date is Friday, May 17th. Main Street Capital’s dividend payout ratio is currently 90.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAIN. Bruderman Asset Management LLC acquired a new position in Main Street Capital in the 4th quarter valued at about $29,000. Kwmg LLC acquired a new position in Main Street Capital in the 4th quarter valued at about $67,000. CX Institutional grew its position in Main Street Capital by 2,788.0% in the 4th quarter. CX Institutional now owns 5,776 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 5,576 shares in the last quarter. Paloma Partners Management Co acquired a new position in Main Street Capital in the 3rd quarter valued at about $210,000. Finally, Trexquant Investment LP acquired a new position in Main Street Capital in the 3rd quarter valued at about $211,000. 23.29% of the stock is owned by institutional investors.

About Main Street Capital

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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