Main Street Capital (MAIN) Receives a Rating Update from a Top Analyst

RBC Capital analyst Kenneth Lee maintained a Buy rating on Main Street Capital (MAIN – Research Report) yesterday and set a price target of $52.00. The company’s shares closed yesterday at $48.95.

Lee covers the Financial sector, focusing on stocks such as Invesco, Voya Financial, and Artisan Partners. According to TipRanks, Lee has an average return of 17.0% and a 69.31% success rate on recommended stocks.

Main Street Capital has an analyst consensus of Hold, with a price target consensus of $48.20.

MAIN market cap is currently $4.2B and has a P/E ratio of 8.95.

Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MAIN in relation to earlier this year.

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Main Street Capital (MAIN) Company Description:

Main Street Capital Corp. is a business development company. The fund focuses on providing customized debt and equity financing solutions to lower middle market companies. The company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancing and acquisitions of companies annual revenues between $10 million and $150 million. It offers financing alternatives to entrepreneurs, business owners and management teams. Main Street Capital was founded on March 09, 2007 and is headquartered in Houston, TX.