Main Street Capital (NYSE:MAIN) Reaches New 52-Week High – Here’s Why

Main Street Capital Co. (NYSE:MAIN) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $55.85 and last traded at $55.68, with a volume of 108208 shares changing hands. The stock had previously closed at $55.29.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAIN. Oppenheimer lifted their price objective on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research note on Wednesday, August 14th. Finally, B. Riley lifted their price target 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. Four 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 stock currently has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Trading Up 0.1 %

The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $52.32 and its 200-day moving average is $50.66. The firm has a market cap of $4.88 billion, a P/E ratio of 10.02 and a beta of 1.30.

Main Street Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 20th. Main Street Capital’s payout ratio is 53.26%.

Institutional Trading of Main Street Capital

Several institutional investors have recently added to or reduced their stakes in the business. Callahan Advisors LLC increased its stake 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 valued at $779,000 after purchasing an additional 200 shares during the last quarter. Widmann Financial Services Inc. increased its stake 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 valued at $1,153,000 after purchasing an additional 202 shares during the last quarter. IHT Wealth Management LLC increased its stake 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 valued at $3,190,000 after purchasing an additional 218 shares during the last quarter. PFG Investments LLC increased its stake 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 valued at $634,000 after purchasing an additional 227 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake 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 valued at $176,000 after purchasing an additional 229 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.