Main Street Capital (NYSE:MAIN) Hits New 12-Month High – Time to 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 $62.33 and last traded at $62.44, with a volume of 52837 shares. The stock had previously closed at $62.12.

Wall Street Analyst Weigh In

Separately, B. Riley upped their target price 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Stock Performance

The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 11.35 and a beta of 1.28. 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 stock has a 50 day simple moving average of $58.99 and a 200 day simple moving average of $53.82.

Institutional Investors Weigh In On Main Street Capital

A number of institutional investors have recently added to or reduced their stakes in MAIN. Van ECK Associates Corp raised its holdings in Main Street Capital by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock worth $75,469,000 after buying an additional 92,833 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in Main Street Capital by 1.5% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider’s stock worth $67,578,000 after purchasing an additional 17,196 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in shares of Main Street Capital by 1.5% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider’s stock valued at $24,929,000 after acquiring an additional 6,297 shares during the last quarter. LPL Financial LLC grew its holdings in Main Street Capital by 1.6% during the fourth quarter. LPL Financial LLC now owns 299,165 shares of the financial services provider’s stock valued at $17,525,000 after purchasing an additional 4,740 shares during the last quarter. Finally, Paradiem LLC raised its holdings in Main Street Capital by 0.3% in the 4th quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock worth $16,437,000 after acquiring an additional 732 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.