Main Street Capital (NYSE:MAIN) Reaches New 1-Year High – What’s Next?

Main Street Capital Co. (NYSE:MAIN)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $52.49 and last traded at $52.37, with a volume of 45743 shares changing hands. The stock had previously closed at $52.35.

Wall Street Analysts Forecast Growth

MAIN has been the subject of several research analyst reports. Oppenheimer lifted their price objective on 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 reiterated an “outperform” rating and set a $52.00 price target on shares of Main Street Capital in a research report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.40.

Main Street Capital Price Performance

The company has a market capitalization of $4.46 billion, a PE ratio of 9.49 and a beta of 1.30. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $50.05 and its 200-day moving average is $49.70.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same period in the prior year, the company earned $1.06 EPS. Equities analysts predict that Main Street Capital Co. will post 4.12 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a dividend yield of 7.66%. Main Street Capital’s payout ratio is 53.65%.

Hedge Funds Weigh In On Main Street Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Godsey & Gibb Inc. bought a new stake in Main Street Capital in the third quarter worth $28,000. Triad Wealth Partners LLC purchased a new position in shares of Main Street Capital in the second quarter worth about $38,000. Optimum Investment Advisors lifted its stake in shares of Main Street Capital by 100.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Main Street Capital by 59.2% during 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 acquiring an additional 405 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Main Street Capital during the 2nd quarter worth approximately $79,000. 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.