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

Main Street Capital Co. (NYSE:MAIN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $55.93 and last traded at $55.93, with a volume of 1791 shares. The stock had previously closed at $55.47.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer boosted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Finally, B. Riley increased their price objective on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital Price Performance

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 stock has a market cap of $4.88 billion, a P/E ratio of 10.03 and a beta of 1.30. The business’s fifty day moving average price is $52.00 and its 200 day moving average price is $50.52.

Main Street Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 20th. Main Street Capital’s dividend payout ratio (DPR) is presently 53.26%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Callahan Advisors LLC grew its stake in Main Street Capital by 1.3% in the second quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 200 shares during the period. Widmann Financial Services Inc. lifted its position in shares of Main Street Capital by 0.9% during the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock worth $1,153,000 after buying an additional 202 shares in the last quarter. IHT Wealth Management LLC boosted its position in Main Street Capital by 0.3% in the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock worth $3,190,000 after purchasing an additional 218 shares during the last quarter. PFG Investments LLC increased its holdings in Main Street Capital by 1.8% during the second quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider’s stock worth $634,000 after buying an additional 227 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in Main Street Capital by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after buying an additional 229 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

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.