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

Main Street Capital Co. (NYSE:MAIN) reached a new 52-week high on Wednesday . The stock traded as high as $60.98 and last traded at $60.83, with a volume of 569046 shares trading hands. The stock had previously closed at $60.04.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price target on 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.80.

Main Street Capital Stock Performance

The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 11.02 and a beta of 1.28. The stock’s 50-day simple moving average is $56.19 and its two-hundred day simple moving average is $52.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

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

Main Street Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.30 per share. This represents a $3.60 annualized dividend and a yield of 5.92%. The ex-dividend date is Friday, February 7th. Main Street Capital’s payout ratio is currently 54.35%.

Institutional Trading of Main Street Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MKT Advisors LLC acquired a new stake in Main Street Capital during the fourth quarter worth about $212,000. Geneos Wealth Management Inc. lifted its position in shares of Main Street Capital by 37.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,831 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 500 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Main Street Capital during the 4th quarter worth approximately $209,000. Brighton Jones LLC bought a new stake in shares of Main Street Capital during the fourth quarter valued at approximately $304,000. Finally, Secure Asset Management LLC acquired a new position in shares of Main Street Capital in the fourth quarter valued at $264,000. 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.