Raymond James analyst Robert Dodd initiated coverage with a Hold rating on Main Street Capital (MAIN) today. The company’s shares closed last Friday at $28.76.
According to TipRanks.com, Dodd is a 4-star analyst with an average return of 4.9% and a 66.6% success rate. Dodd covers the Financial sector, focusing on stocks such as First Eagle Alternative Capital BDC, Investcorp Credit Management BDC, and Sixth Street Specialty Lending.
Currently, the analyst consensus on Main Street Capital is a Hold with an average price target of $33.00.
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Based on Main Street Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $46.49 million and net profit of $43.37 million. In comparison, last year the company earned revenue of $52.74 million and had a net profit of $38.25 million.
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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.
