Main Street Capital Corporation (MAIN) Could Burn Your Portfolio. The Stock Formed Double Bottom Chart Pattern

May 22, 2018 - By Henry Gaston

Main Street Capital Corporation (NYSE:MAIN) Logo

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.28, from 1.33 in 2017Q3. It dropped, as 11 investors sold Main Street Capital Corporation shares while 45 reduced holdings. 14 funds opened positions while 45 raised stakes. 13.85 million shares or 2.43% less from 14.20 million shares in 2017Q3 were reported.
Royal Financial Bank Of Canada invested in 0% or 24,132 shares. Raymond James Serv Advisors reported 48,776 shares or 0.01% of all its holdings. Sandy Spring Savings Bank reported 557 shares. 11,510 are held by Cubist Systematic Strategies Limited Liability Corp. Bb&T Securities Ltd Liability Company stated it has 15,849 shares or 0.01% of all its holdings. Atlantic Trust Group Limited Liability Corp holds 0.01% or 61,713 shares in its portfolio. 148,135 were accumulated by Advisory. The Tennessee-based Barnett And has invested 0.98% in Main Street Capital Corporation (NYSE:MAIN). Kempner Capital Management Inc has 5,500 shares. Sigma Planning Corp stated it has 0.12% of its portfolio in Main Street Capital Corporation (NYSE:MAIN). Verity Asset Management holds 0.18% or 6,150 shares. Pnc Financial Ser holds 10,695 shares. Pinebridge Lp has 0.03% invested in Main Street Capital Corporation (NYSE:MAIN). Focused Wealth Inc accumulated 16,763 shares. Coldstream Capital has 17,791 shares for 0.08% of their portfolio.

The chart of Main Street Capital Corporation (MAIN) shows a double bottom with $36.54 target or 5.00 % below today’s $38.46 share price. The 7 months chart pattern indicates high risk for the $2.29 billion company. It was reported on May, 22 by Finviz.com. If the $36.54 price target is reached, the company will be worth $114.30M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.29% or $0.11 during the last trading session, reaching $38.46. About 177,993 shares traded. Main Street Capital Corporation (NYSE:MAIN) has risen 0.58% since May 22, 2017 and is uptrending. It has underperformed by 10.97% the S&P500.

Analysts await Main Street Capital Corporation (NYSE:MAIN) to report earnings on August, 2. They expect $0.62 earnings per share, up 6.90 % or $0.04 from last year’s $0.58 per share. MAIN’s profit will be $36.85M for 15.51 P/E if the $0.62 EPS becomes a reality. After $0.63 actual earnings per share reported by Main Street Capital Corporation for the previous quarter, Wall Street now forecasts -1.59 % negative EPS growth.

Main Street Capital Corporation (NYSE:MAIN) Ratings Coverage

Among 4 analysts covering Main Street Capital (NYSE:MAIN), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Main Street Capital had 4 analyst reports since February 26, 2018 according to SRatingsIntel. The stock has “Neutral” rating by National Securities on Monday, February 26. The firm has “Buy” rating by FBR Capital given on Tuesday, March 27. As per Monday, February 26, the company rating was maintained by SunTrust.

More notable recent Main Street Capital Corporation (NYSE:MAIN) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for Pinnacle Foods, Main Street Capital, Kopin, Stamps, Selective Insurance …” on April 26, 2018, also Fool.com with their article: “3 Things You Should Know About Main Street Capital’s First-Quarter Earnings” published on May 09, 2018, Streetinsider.com published: “Main Street Capital (MAIN) Reports In-Line Q1 EPS” on May 03, 2018. More interesting news about Main Street Capital Corporation (NYSE:MAIN) were released by: Benzinga.com and their article: “27 Stocks Moving In Thursday’s Pre-Market Session” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “Main Street Capital: The Engine For American Growth” with publication date: May 22, 2018.

Main Street Capital Corporation is a business development firm specializing in long- term equity and debt investments in small and lower middle market companies. The company has market cap of $2.29 billion. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses. It has a 12.78 P/E ratio. It invests in consumer discretionary, consumer staples, energy, healthcare, industrials, information technology, materials, telecommunication services, and utilities sectors.

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

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