Main Street Capital Corporation (NYSE:MAIN – Get Free Report) EVP Jason Beauvais sold 6,830 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $51.73, for a total value of $353,315.90. Following the sale, the executive vice president owned 196,185 shares in the company, valued at $10,148,650.05. The trade was a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Main Street Capital Stock Performance
Shares of Main Street Capital stock traded up $0.40 during midday trading on Tuesday, hitting $51.95. The company had a trading volume of 655,013 shares, compared to its average volume of 721,327. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 10.94 and a beta of 0.72. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $52.20 and a 200 day simple moving average of $56.52. Main Street Capital Corporation has a 12-month low of $48.95 and a 12-month high of $67.77.
Main Street Capital (NYSE:MAIN – Get Free Report) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%.The company had revenue of $73.44 million for the quarter, compared to analysts’ expectations of $145.23 million. As a group, analysts predict that Main Street Capital Corporation will post 3.78 earnings per share for the current fiscal year.
Main Street Capital Announces Dividend
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Citizens Jmp reduced their target price on Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Wells Fargo & Company started coverage on Main Street Capital in a research note on Friday, May 22nd. They set an “equal weight” rating and a $50.00 price target on the stock. Zacks Research cut Main Street Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 28th. Weiss Ratings downgraded Main Street Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Finally, Royal Bank Of Canada dropped their target price on Main Street Capital from $66.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $59.14.
Get Our Latest Report on Main Street Capital
Institutional Investors Weigh In On Main Street Capital
Several hedge funds have recently added to or reduced their stakes in MAIN. Western Wealth Management LLC acquired a new stake in Main Street Capital during the 1st quarter worth about $139,000. NewEdge Advisors LLC boosted its stake in shares of Main Street Capital by 551.0% in the first quarter. NewEdge Advisors LLC now owns 41,143 shares of the financial services provider’s stock worth $2,179,000 after buying an additional 34,823 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Main Street Capital in the first quarter worth about $395,000. Compass Capital Management Inc. acquired a new stake in Main Street Capital during the first quarter worth about $335,000. Finally, Vestor Capital LLC grew its holdings in Main Street Capital by 3,675.4% during the first quarter. Vestor Capital LLC now owns 48,400 shares of the financial services provider’s stock worth $2,563,000 after acquiring an additional 47,118 shares during the period. 20.31% of the stock is owned by hedge funds and other institutional investors.
Main Street Capital Company Profile
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.
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