Main Street Capital (NYSE:MAIN) Hits New 52-Week High – What’s Next?

Main Street Capital Co. (NYSE:MAIN) shares reached a new 52-week high on Wednesday . The company traded as high as $56.43 and last traded at $56.32, with a volume of 64971 shares changing hands. The stock had previously closed at $55.62.

Analysts Set New Price Targets

Separately, B. Riley upped their price objective 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital Trading Up 1.6 %

The company has a market cap of $4.98 billion, a price-to-earnings ratio of 10.07 and a beta of 1.30. The business’s fifty day moving average price is $53.00 and its 200 day moving average price is $51.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Main Street Capital Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 20th. Main Street Capital’s dividend payout ratio (DPR) is 53.26%.

Institutional Trading of Main Street Capital

Several institutional investors have recently added to or reduced their stakes in MAIN. Susquehanna Fundamental Investments LLC grew its holdings 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 period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Main Street Capital by 9.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after buying an additional 18,059 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Main Street Capital by 188.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 13,177 shares in the last quarter. Muzinich & Co. Inc. lifted its position in shares of Main Street Capital by 9.3% during the 3rd quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock valued at $10,649,000 after acquiring an additional 18,059 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Main Street Capital by 365.1% during the third quarter. BNP Paribas Financial Markets now owns 27,727 shares of the financial services provider’s stock worth $1,390,000 after acquiring an additional 21,766 shares in the last quarter. 20.31% of the stock is currently 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.