Citizens Jmp Lowers Main Street Capital (NYSE:MAIN) Price Target to $70.00

Main Street Capital (NYSE:MAIN) had its price objective decreased by stock analysts at Citizens Jmp from $74.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s price objective points to a potential upside of 29.65% from the company’s previous close.

MAIN has been the topic of several other research reports. Noble Financial restated a “neutral” rating on shares of Main Street Capital in a report on Thursday, January 15th. Loop Capital upgraded Main Street Capital to a “neutral” rating and set a $65.00 target price on the stock in a report on Thursday, January 15th. Wall Street Zen upgraded Main Street Capital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Citigroup reiterated an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.71.

Main Street Capital Price Performance

NYSE MAIN opened at $53.99 on Wednesday. The stock’s 50-day moving average price is $55.91 and its two-hundred day moving average price is $58.54. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $4.86 billion, a PE ratio of 9.78 and a beta of 0.80. Main Street Capital has a 1 year low of $50.77 and a 1 year high of $67.77.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $156.17 million for the quarter, compared to the consensus estimate of $141.50 million. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%. On average, analysts predict that Main Street Capital will post 4.02 EPS for the current year.

Institutional Investors Weigh In On Main Street Capital

Several large investors have recently made changes to their positions in the company. Freedom Financial Partners LLC grew its stake in shares of Main Street Capital by 3.3% in the 4th quarter. Freedom Financial Partners LLC now owns 5,356 shares of the financial services provider’s stock valued at $323,000 after buying an additional 170 shares in the last quarter. Uncommon Cents Investing LLC grew its stake in shares of Main Street Capital by 1.2% in the 3rd quarter. Uncommon Cents Investing LLC now owns 16,627 shares of the financial services provider’s stock valued at $1,057,000 after buying an additional 190 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of Main Street Capital by 0.4% in the 4th quarter. Prospera Financial Services Inc now owns 48,229 shares of the financial services provider’s stock valued at $2,915,000 after buying an additional 194 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Main Street Capital by 2.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,916 shares of the financial services provider’s stock valued at $631,000 after buying an additional 198 shares in the last quarter. Finally, SMH Capital Advisors Inc. grew its stake in shares of Main Street Capital by 1.1% in the 4th quarter. SMH Capital Advisors Inc. now owns 18,884 shares of the financial services provider’s stock valued at $1,140,000 after buying an additional 206 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

About Main Street Capital

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.