The Main Street Capital Co. (MAIN) Upgraded at Zacks Investment Research

The Main Street Capital Co. (MAIN) Upgraded at Zacks Investment Research

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. “

Zacks Investment Research upgraded shares of Main Street Capital Co. (NYSE:MAIN) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Several other research analysts have also recently weighed in on the stock. Vetr upgraded shares of Main Street Capital from a hold rating to a buy rating and set a $40.88 price target on the stock in a research note on Tuesday, April 11th. FBR & Co reiterated a hold rating and issued a $38.00 price target on shares of Main Street Capital in a report on Monday, May 8th. National Securities reiterated a sell rating and issued a $33.00 price target on shares of Main Street Capital in a report on Wednesday, May 10th. Royal Bank of Canada reiterated an outperform rating and issued a $40.00 price target (up from $35.00) on shares of Main Street Capital in a report on Thursday, May 18th. Finally, Raymond James Financial, Inc. reiterated an underperform rating on shares of Main Street Capital in a report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $38.13. Main Street Capital (NYSE MAIN) opened at 38.52 on Tuesday. The stock has a 50 day moving average price of $39.03 and a 200-day moving average price of $37.46. The stock has a market cap of $2.15 billion, a P/E ratio of 13.34 and a beta of 1.10. Main Street Capital has a 52 week low of $31.72 and a 52 week high of $40.86.

The company also recently declared a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 21st will be issued a dividend of $0.185 per share. The ex-dividend date is Thursday, August 17th. This represents a $2.22 annualized dividend and a yield of 5.76%. Main Street Capital’s payout ratio is 116.84%. Institutional investors have recently modified their holdings of the stock. Muzinich & Co. Inc. increased its position in shares of Main Street Capital by 83.4% in the first quarter. Muzinich & Co. Inc. now owns 2,179,673 shares of the financial services provider’s stock valued at $83,416,000 after buying an additional 991,007 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Main Street Capital during the first quarter valued at approximately $12,791,000. UBS Group AG increased its position in shares of Main Street Capital by 90.7% in the first quarter. UBS Group AG now owns 663,492 shares of the financial services provider’s stock valued at $25,392,000 after buying an additional 315,622 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Main Street Capital during the first quarter valued at approximately $4,257,000. Finally, California Public Employees Retirement System increased its position in shares of Main Street Capital by 746.5% in the first quarter. California Public Employees Retirement System now owns 107,500 shares of the financial services provider’s stock valued at $4,114,000 after buying an additional 94,800 shares during the last quarter. Institutional investors own 25.83% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MAIN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on Main Street Capital (MAIN) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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