Main Street Capital Corporation (MAIN) Forms Bearish Double Bottom at $37.60

April 17, 2018 - By Jenna Rose

Main Street Capital Corporation (NYSE:MAIN) Corporate Logo

During 2017 Q4 the big money sentiment decreased to 1.05. That’s change of 0.28, from 2017Q3’s 1.33. 11 investors sold all, 45 reduced holdings as Main Street Capital Corporation ratio fall. 45 increased stakes while 14 funds took stakes. Funds hold 13.85 million shares thus 2.43% less from 2017Q3’s 14.20 million shares.
Usca Ria Ltd Liability accumulated 372,087 shs or 1.63% of the stock. Sei Investments Co holds 5,860 shs or 0% of its capital. Burgundy Asset Mgmt owns 1.91M shs for 0.69% of their capital. Moreover, Hudock Cap Gp Limited Company has 0% invested in Main Street Capital Corporation (NYSE:MAIN). Edge Wealth Mngmt Ltd holds 0% or 300 shs in its capital. Creative Planning accumulated 20,580 shs or 0% of the stock. Bb&T reported 15,849 shs. Atlantic Trust Limited Liability Co reported 0.01% in Main Street Capital Corporation (NYSE:MAIN). Coldstream Capital Management stated it has 17,791 shs or 0.08% of all its holdings. D E Shaw holds 6,178 shs. Dnb Asset Mngmt As owns 62,212 shs for 0.03% of their capital. Kistler reported 0% in Main Street Capital Corporation (NYSE:MAIN). Ameriprise Inc holds 0% or 28,869 shs in its capital. The Missouri-based Stifel Fin Corporation has invested 0% in Main Street Capital Corporation (NYSE:MAIN). Manufacturers Life Insurance The invested 0% of its capital in Main Street Capital Corporation (NYSE:MAIN).

The double bottom chart setup of Main Street Capital Corporation (MAIN) has $34.22 price target or 9.00 % below today’s $37.60 share price. The stock has $2.21 billion market cap. Finviz.com announced the double bottom chart setup on Apr, 17. At $34.22 price target, the company’s valuation could be $198.81 million less.

The stock increased 0.80% or $0.2999 during the last trading session, reaching $37.5999.Main Street Capital Corporation has volume of 43,929 shares. Since April 17, 2017 MAIN has risen 0.58% and is uptrending. The stock underperformed the S&P500 by 10.97%.

Analysts await Main Street Capital Corporation (NYSE:MAIN) to report earnings on May, 3. They expect $0.60 EPS, up 7.14 % or $0.04 from last year’s $0.56 per share. MAIN’s profit will be $35.25 million for 15.67 P/E if the $0.60 EPS becomes a reality. After $0.64 actual EPS reported by Main Street Capital Corporation for the previous quarter, Wall Street now forecasts -6.25 % negative EPS growth.

Main Street Capital Corporation (NYSE:MAIN) Ratings Coverage

Total analysts of 7 have positions in Main Street Capital (NYSE:MAIN) as follows: 3 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 43%. The firm has $42.0 highest while $37.0 is the lowest [Target]. The average target $40.20 is 6.92% above the last ($37.5999) price. Since November 3, 2017 according to StockzIntelligence Inc Main Street Capital has 7 analyst reports. On Friday, November 3 the firm earned “Hold” rating by Robert W. Baird. On Monday, February 26 the stock of Main Street Capital Corporation (NYSE:MAIN) earned “Hold” rating by SunTrust. On Tuesday, November 7 the company was upgraded by Raymond James. In Sunday, November 5 report RBC Capital Markets maintained the stock with “Buy” rating. On Tuesday, March 27 the firm has “Buy” rating by FBR Capital given. On Monday, February 26 the company was upgraded by National Securities.

Main Street Capital Corporation (NYSE:MAIN) Institutional Investors Chart

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