Main Street Capital (NYSE:MAIN) Hits New 12-Month High – Should You Buy?

Main Street Capital Co. (NYSE:MAIN) shares hit a new 52-week high on Tuesday . The company 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.

Analyst Ratings Changes

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

Main Street Capital Trading Up 1.3 %

The firm has a market cap of $5.42 billion, a P/E ratio of 11.13 and a beta of 1.28. The company’s fifty day moving average price is $57.36 and its two-hundred day moving average price is $52.86. 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 data on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The business had revenue of $136.82 million during the quarter, compared to the consensus estimate of $137.57 million. During the same quarter in the previous year, the firm posted $1.04 EPS. As a group, sell-side analysts predict that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

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 5.86%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio is 54.35%.

Institutional Investors Weigh In On Main Street Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in Main Street Capital by 25.7% in the second quarter. Envestnet Asset Management Inc. now owns 91,243 shares of the financial services provider’s stock valued at $4,607,000 after buying an additional 18,635 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Main Street Capital in the 2nd quarter valued at approximately $349,000. Susquehanna Fundamental Investments LLC boosted its stake in Main Street Capital by 238.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 34,020 shares of the financial services provider’s stock worth $1,718,000 after acquiring an additional 23,970 shares during the last quarter. Creative Planning grew its holdings in Main Street Capital by 6.0% during the second quarter. Creative Planning now owns 53,399 shares of the financial services provider’s stock valued at $2,696,000 after purchasing an additional 3,002 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 405 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

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.