UBS Group Lowers Main Street Capital (NYSE:MAIN) Price Target to $54.00

Main Street Capital (NYSE:MAIN) had its price objective dropped by equities researchers at UBS Group from $55.00 to $54.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target indicates a potential upside of 0.87% from the stock’s previous close.

Separately, Truist Financial increased their target price on Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $52.60.

Main Street Capital Stock Up 1.5 %

Shares of MAIN stock traded up $0.79 on Thursday, hitting $53.54. The company’s stock had a trading volume of 286,404 shares, compared to its average volume of 437,331. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 9.69 and a beta of 0.98. Main Street Capital has a fifty-two week low of $45.00 and a fifty-two week high of $63.32. The firm’s fifty day moving average price is $57.26 and its 200-day moving average price is $55.99.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The company had revenue of $140.44 million during the quarter, compared to the consensus estimate of $141.40 million. Research analysts anticipate that Main Street Capital will post 4.11 EPS for the current year.

Insiders Place Their Bets

In related news, insider David L. Magdol sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $58.05, for a total transaction of $5,805,000.00. Following the transaction, the insider now owns 377,182 shares in the company, valued at $21,895,415.10. This represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dwayne L. Hyzak sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $58.05, for a total transaction of $6,966,000.00. Following the transaction, the chief executive officer now owns 402,371 shares in the company, valued at $23,357,636.55. The trade was a 22.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.09% of the company’s stock.

Institutional Trading of Main Street Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new stake in Main Street Capital in the fourth quarter worth $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of Main Street Capital during the 4th quarter worth approximately $45,000. Colonial Trust Advisors acquired a new stake in Main Street Capital in the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital during the third quarter worth approximately $50,000. Finally, NBC Securities Inc. bought a new position in shares of Main Street Capital in the first quarter valued at about $54,000. 20.31% of the stock is owned by institutional investors.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.