RBC Capital analyst Kenneth Lee reiterated a Buy rating on Main Street Capital (MAIN – Research Report) today and set a price target of $46.00. The company’s shares opened today at $41.01.
According to TipRanks, Lee is a 5-star analyst with an average return of 13.1% and a 56.44% success rate. Lee covers the Financial sector, focusing on stocks such as Ares Management, Victory Capital Holdings, and Ameriprise Financial.
In addition to RBC Capital, Main Street Capital also received a Buy from B.Riley Financial’s Bryce Rowe in a report issued yesterday. However, on the same day, Oppenheimer reiterated a Hold rating on Main Street Capital (NYSE: MAIN).
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The company has a one-year high of $42.96 and a one-year low of $30.20. Currently, Main Street Capital has an average volume of 332K.
Based on the recent corporate insider activity of 171 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 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.
Read More on MAIN:
- MAIN STREET ANNOUNCES 2023 FIRST QUARTER RESULTS
- Main Street Announces Third Quarter 2023 Regular Monthly Dividends, Including a Monthly Dividend Increase, and Supplemental Dividend Payable in June 2023
- MAIN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Main Street Announces Preliminary Estimate of First Quarter 2023 Operating Results
- Main Street sees Q1 DNII $1.06-$1.08, consensus 97c
