Main Street Capital (NYSE:MAIN) Reaches New 12-Month High – Still a Buy?

Main Street Capital Co. (NYSE:MAIN) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $56.87 and last traded at $56.85, with a volume of 59692 shares traded. The stock had previously closed at $56.44.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Main Street Capital has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Price Performance

The firm has a market cap of $5.03 billion, a P/E ratio of 10.33 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company’s 50-day moving average is $53.51 and its two-hundred day moving average is $51.25.

Main Street Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 20th. Main Street Capital’s dividend payout ratio is 54.35%.

Hedge Funds Weigh In On Main Street Capital

Several hedge funds and other institutional investors have recently modified their holdings of MAIN. Godsey & Gibb Inc. acquired a new stake in Main Street Capital in the third quarter valued at about $28,000. Truvestments Capital LLC bought a new position in shares of Main Street Capital in the third quarter worth about $39,000. Prospera Private Wealth LLC bought a new stake in shares of Main Street Capital during the 3rd quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital during the 3rd quarter worth approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 405 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.