Jim Cramer on Main Street Capital: "We're Not Going There"

Main Street Capital Corporation (NYSE:MAIN) is one of the stocks on Jim Cramer’s radar recently. A caller asked if it was a good time to buy more shares of MAIN during the dip or to wait and “line up in pump formation.” Cramer remarked:

“You gotta lineup in pump formation, honestly, because I have no idea. You don’t know what they really own. If we get a real slowdown, the Fed doesn’t react, we’re going to be thinking, wow, we were on… Dead Street, so we’re not going there.”

Main Street Capital Corporation (NYSE:MAIN) is a business development and investment firm that provides private debt and equity financing to lower middle market and middle market companies. On October 15, Truist analyst Arren Cyganovich reduced the price target on the stock from $64 to $60. The analyst maintained a Hold rating after the company’s Q3 pre-announcement. Cyganovich noted that the lower price target reflects reduced peer multiples.

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Disclosure: None. This article is originally published at Insider Monkey.