In a report released today, Mark Hughes from Truist Financial maintained a Hold rating on Main Street Capital (MAIN – Research Report), with a price target of $45.74. The company’s shares closed last Friday at $45.35.
According to TipRanks, Hughes is a top 25 analyst with an average return of 18.7% and a 75.06% success rate. Hughes covers the Financial sector, focusing on stocks such as Kinsale Capital Group, W. R. Berkley Corporation, and Arthur J Gallagher & Co.
Currently, the analyst consensus on Main Street Capital is a Moderate Buy with an average price target of $46.91.
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Based on Main Street Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.4 million and a net profit of $103.26 million. In comparison, last year the company earned a revenue of $62.45 million and had a net profit of $55.34 million
Based on the recent corporate insider activity of 152 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.
Read More on MAIN:
- Main Street reports Q4 distributable NII $1.12, consensus $1.03
- MAIN STREET ANNOUNCES 2023 FOURTH QUARTER AND ANNUAL RESULTS
- Main Street Capital Corp. Issues Buzzworthy Press Release
- Main Street announces supplemental cash dividend of 30c per share
- Main Street Announces Second Quarter 2024 Regular Monthly Dividends and Supplemental Dividend Payable in March 2024
