Main Street Capital (MAIN) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of Main Street Capital (NYSE:MAIN) from a buy rating to a hold rating in a research report report published on Monday.

Several other equities analysts have also issued reports on MAIN. Zacks Investment Research lowered Main Street Capital from a buy rating to a hold rating in a research note on Tuesday, October 10th. BidaskClub upgraded Main Street Capital from a sell rating to a hold rating in a research note on Tuesday, October 17th. National Securities reiterated a sell rating and issued a $33.00 target price on shares of Main Street Capital in a research note on Monday, November 6th. Finally, Raymond James Financial upgraded Main Street Capital from an underperform rating to a market perform rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $39.18.

Main Street Capital (NYSE MAIN) opened at $36.41 on Monday. Main Street Capital has a 52 week low of $34.37 and a 52 week high of $41.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2,144.98, a PE ratio of 15.98 and a beta of 0.93.

Several hedge funds have recently modified their holdings of MAIN. Texan Capital Management grew its stake in shares of Main Street Capital by 96,443.2% during the third quarter. Texan Capital Management now owns 140,953 shares of the financial services provider’s stock worth $5,603,000 after acquiring an additional 140,807 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Main Street Capital by 6.8% during the third quarter. Burgundy Asset Management Ltd. now owns 1,828,173 shares of the financial services provider’s stock worth $72,670,000 after acquiring an additional 116,075 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Main Street Capital by 7.3% during the third quarter. Macquarie Group Ltd. now owns 1,105,132 shares of the financial services provider’s stock worth $43,929,000 after acquiring an additional 75,462 shares during the last quarter. Shell Asset Management Co. purchased a new stake in shares of Main Street Capital during the third quarter worth about $2,257,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Main Street Capital by 193.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 109,597 shares of the financial services provider’s stock worth $4,215,000 after acquiring an additional 72,251 shares during the last quarter. Institutional investors and hedge funds own 26.95% of the company’s stock.

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About Main Street Capital

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Main Street Capital (NYSE:MAIN)

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