Main Street Capital (MAIN) Downgraded by Zacks Investment Research

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Main Street Capital (NYSE:MAIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

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 reiterated a “neutral” rating and set a $38.00 price objective on shares of Main Street Capital in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.80.

Shares of Main Street Capital stock opened at $40.64 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.13 and a current ratio of 0.12. The stock has a market cap of $2.50 billion, a PE ratio of 15.63 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.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.33 million. Main Street Capital had a return on equity of 10.70% and a net margin of 73.33%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. Research analysts forecast that Main Street Capital will post 2.54 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of MAIN. Trinity Legacy Partners LLC bought a new position in Main Street Capital during the 4th quarter worth approximately $5,621,000. Investec Asset Management LTD purchased a new stake in Main Street Capital in the 4th quarter worth approximately $4,862,000. Ellis Investment Partners LLC purchased a new stake in Main Street Capital in the 1st quarter worth approximately $114,000. Pembroke Management LTD purchased a new stake in Main Street Capital in the 1st quarter worth approximately $2,781,000. Finally, Wambolt & Associates LLC purchased a new stake in Main Street Capital in the 4th quarter worth approximately $2,459,000. Institutional investors and hedge funds own 23.10% of the company’s stock.

Main Street Capital Company Profile

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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