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

Main Street Capital Co. (NYSE:MAIN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $53.06 and last traded at $52.96, with a volume of 87329 shares changing hands. The stock had previously closed at $52.65.

Wall Street Analyst Weigh In

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

Main Street Capital Trading Down 0.2 %

The business’s 50-day moving average price is $51.14 and its 200 day moving average price is $50.20. 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 firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 9.62 and a beta of 1.29.

Main Street Capital Dividend Announcement

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

Institutional Trading of Main Street Capital

Several institutional investors have recently added to or reduced their stakes in MAIN. CANADA LIFE ASSURANCE Co raised its holdings in shares of Main Street Capital by 1.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 74,364 shares of the financial services provider’s stock worth $3,523,000 after purchasing an additional 1,107 shares during the period. Natixis boosted its position in shares of Main Street Capital by 27.4% during the 1st quarter. Natixis now owns 24,878 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 5,350 shares in the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Main Street Capital during the 1st quarter valued at about $568,000. Advisors Asset Management Inc. lifted its stake in Main Street Capital by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 19,008 shares of the financial services provider’s stock valued at $899,000 after buying an additional 6,468 shares in the last quarter. Finally, Innova Wealth Partners purchased a new stake in Main Street Capital during the first quarter valued at about $304,000. 20.31% of the stock is owned by institutional investors and hedge funds.

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.