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

Main Street Capital Co. (NYSE:MAIN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.93 and last traded at $55.93, with a volume of 1791 shares changing hands. The stock had previously closed at $55.47.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MAIN shares. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. B. Riley lifted their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, Oppenheimer increased their price target on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $4.88 billion, a P/E ratio of 10.03 and a beta of 1.30. The company’s 50 day moving average price is $52.00 and its 200 day moving average price is $50.52.

Main Street Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be issued a $0.30 dividend. The ex-dividend date is Friday, December 20th. Main Street Capital’s dividend payout ratio is 53.26%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Callahan Advisors LLC raised its stake in shares of Main Street Capital by 1.3% during the second quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider’s stock worth $779,000 after buying an additional 200 shares during the last quarter. Widmann Financial Services Inc. raised its position in shares of Main Street Capital by 0.9% during the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after acquiring an additional 202 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Main Street Capital by 0.3% in the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after purchasing an additional 218 shares during the period. PFG Investments LLC boosted its position in shares of Main Street Capital by 1.8% in the 2nd quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 227 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in Main Street Capital by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 229 shares during the last quarter. 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.