Main Street Capital (NYSE:MAIN) Sets New 52-Week High – Should You Buy?

Main Street Capital Co. (NYSE:MAIN) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.43 and last traded at $56.32, with a volume of 64971 shares traded. The stock had previously closed at $55.62.

Analyst Ratings Changes

Separately, B. Riley boosted their price target 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 data from MarketBeat, Main Street Capital currently has an average rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Price Performance

The company’s 50 day simple moving average is $53.19 and its two-hundred day simple moving average is $51.06. 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 capitalization of $4.93 billion, a P/E ratio of 10.13 and a beta of 1.30.

Main Street Capital Announces Dividend

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

Institutional Investors Weigh In On Main Street Capital

A number of hedge funds have recently added to or reduced their stakes in MAIN. Godsey & Gibb Inc. bought a new position in shares of Main Street Capital in the third quarter worth about $28,000. Truvestments Capital LLC bought a new position in Main Street Capital in the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new position in Main Street Capital in the 3rd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital during the 3rd quarter worth $50,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after buying an additional 405 shares during the last quarter. Institutional investors 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.