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

Main Street Capital Co. (NYSE:MAIN)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $60.20 and last traded at $60.05, with a volume of 265369 shares. The stock had previously closed at $59.24.

Analyst Ratings Changes

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

Main Street Capital Trading Up 2.0 %

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 market capitalization of $5.33 billion, a PE ratio of 10.95 and a beta of 1.28. The business’s 50-day moving average is $55.70 and its two-hundred day moving average is $52.23.

Main Street Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.30 per share. This represents a $3.60 annualized dividend and a yield of 5.96%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is 54.35%.

Hedge Funds Weigh In On Main Street Capital

Hedge funds have recently modified their holdings of the business. Thrive Wealth Management LLC purchased a new stake in Main Street Capital in the 4th quarter valued at $313,000. Arkadios Wealth Advisors increased its stake in Main Street Capital by 1.5% in the fourth quarter. Arkadios Wealth Advisors now owns 30,678 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 462 shares during the period. RMR Wealth Builders raised its holdings in shares of Main Street Capital by 6.3% in the fourth quarter. RMR Wealth Builders now owns 14,140 shares of the financial services provider’s stock valued at $828,000 after buying an additional 832 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Main Street Capital during the fourth quarter worth about $222,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Main Street Capital by 145.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after buying an additional 729 shares during the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

About Main Street Capital

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.