Main Street Capital (NYSE:MAIN) Reaches 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 Tuesday . The stock traded as high as $61.42 and last traded at $61.32, with a volume of 196580 shares changing hands. The stock had previously closed at $60.72.

Analysts Set New Price Targets

Separately, B. Riley raised their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.80.

Main Street Capital Stock Up 1.0 %

The firm has a market cap of $5.41 billion, a P/E ratio of 11.11 and a beta of 1.28. The business’s fifty day moving average price is $57.20 and its two-hundred day moving average price is $52.80. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The business had revenue of $136.82 million during the quarter, compared to the consensus estimate of $137.57 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. During the same period in the prior year, the firm earned $1.04 earnings per share. As a group, equities research analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.30 dividend. This represents a $3.60 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Friday, February 7th. Main Street Capital’s dividend payout ratio is 54.35%.

Hedge Funds Weigh In On Main Street Capital

A number of large investors have recently modified their holdings of the business. Godsey & Gibb Inc. acquired a new position in Main Street Capital in the 3rd quarter valued at about $28,000. Truvestments Capital LLC acquired a new stake in Main Street Capital during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new stake in Main Street Capital in the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital in the 3rd quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. increased its position 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 worth $55,000 after buying an additional 405 shares during the period. 20.31% of the stock is currently 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.