Main Street Capital (NYSE:MAIN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Main Street Capital Co. (NYSE:MAIN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $51.83 and traded as high as $60.16. Main Street Capital shares last traded at $58.78, with a volume of 875,956 shares traded.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price objective 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Price Performance

The company has a 50-day moving average of $54.67 and a 200-day moving average of $51.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 10.65 and a beta of 1.28.

Main Street Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 20th. Main Street Capital’s dividend payout ratio (DPR) is presently 54.35%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors have recently bought and sold shares of MAIN. Godsey & Gibb Inc. purchased a new stake in shares of Main Street Capital in the third quarter valued at about $28,000. Truvestments Capital LLC acquired a new stake in Main Street Capital in the third quarter valued at about $39,000. Prospera Private Wealth LLC purchased a new stake in Main Street Capital in 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. raised its stake in shares of Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after buying an additional 405 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

About Main Street Capital

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.