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

Main Street Capital Co. (NYSE:MAIN) reached a new 52-week high during 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.

Analyst Ratings Changes

MAIN has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer raised their price objective 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 raised 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 report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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 company’s 50 day moving average is $51.14 and its 200 day moving average is $50.20. The stock has a market cap 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 disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be paid a $0.30 dividend. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio (DPR) is 53.26%.

Institutional Trading of Main Street Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Callahan Advisors LLC raised its position in Main Street Capital by 1.3% during the second quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 200 shares during the last quarter. Widmann Financial Services Inc. raised its position in Main Street Capital by 0.9% during the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock worth $1,153,000 after acquiring an additional 202 shares during the last quarter. IHT Wealth Management LLC raised its position in Main Street Capital by 0.3% during the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock worth $3,190,000 after acquiring an additional 218 shares during the last quarter. PFG Investments LLC raised its position 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 acquiring an additional 227 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Main Street Capital by 7.0% during the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 229 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

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.