Main Street Capital (NYSE:MAIN) Stock Price Expected to Rise, B. Riley Analyst Says

Main Street Capital (NYSE:MAIN) had its price objective raised by analysts at B. Riley from $49.00 to $51.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. B. Riley’s price objective indicates a potential downside of 2.37% from the stock’s current price.

MAIN has been the topic of several other reports. Oppenheimer increased their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.80.

Main Street Capital Stock Performance

NYSE MAIN opened at $52.24 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. Main Street Capital has a 12-month low of $40.25 and a 12-month high of $52.76. The firm has a market cap of $4.55 billion, a P/E ratio of 9.47 and a beta of 1.29. The company’s 50 day moving average is $50.66 and its 200-day moving average is $50.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marietta Wealth Management LLC purchased a new stake in Main Street Capital in the second quarter worth about $581,000. Freestone Capital Holdings LLC bought a new position in shares of Main Street Capital during the 1st quarter valued at approximately $568,000. Cetera Advisors LLC increased its holdings in shares of Main Street Capital by 49.0% in the 1st quarter. Cetera Advisors LLC now owns 34,878 shares of the financial services provider’s stock worth $1,650,000 after buying an additional 11,464 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its position in Main Street Capital by 238.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock valued at $1,718,000 after purchasing an additional 23,970 shares during the period. Finally, Entropy Technologies LP purchased a new position in Main Street Capital during the first quarter worth $549,000. Institutional investors own 20.31% of the company’s stock.

About Main Street Capital

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.