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

Main Street Capital Co. (NYSE:MAIN) reached a new 52-week high during trading on Monday . The stock traded as high as $52.49 and last traded at $52.37, with a volume of 45743 shares changing hands. The stock had previously closed at $52.35.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MAIN shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer boosted their target price on shares of 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’s stock. According to data from MarketBeat.com, Main Street Capital has a consensus rating of “Hold” and a consensus price target of $48.40.

Main Street Capital Stock Down 1.1 %

The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.46 billion, a PE ratio of 9.49 and a beta of 1.30. The stock’s fifty day simple moving average is $50.05 and its 200-day simple moving average is $49.70.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The business had revenue of $132.15 million for the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same period in the previous year, the company earned $1.06 earnings per share. As a group, sell-side analysts forecast that Main Street Capital Co. will post 4.12 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.30 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 7.66%. Main Street Capital’s dividend payout ratio is currently 53.65%.

Institutional Investors Weigh In On Main Street Capital

Several large investors have recently made changes to their positions in the business. Godsey & Gibb Inc. bought a new position in shares of Main Street Capital during the 3rd quarter worth $28,000. Triad Wealth Partners LLC bought a new stake in shares of Main Street Capital during the 2nd quarter valued at $38,000. Optimum Investment Advisors lifted its holdings in Main Street Capital by 100.0% during the 2nd quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Main Street Capital by 59.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 405 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Main Street Capital during the 2nd quarter valued at about $79,000. 20.31% of the stock is 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.