Main Street Capital (NYSE:MAIN) Sets New 12-Month High – What’s Next?

Main Street Capital Co. (NYSE:MAIN) 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. The stock had previously closed at $60.72.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price target on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital Stock Up 1.3 %

The stock has a market capitalization of $5.42 billion, a P/E ratio of 11.13 and a beta of 1.28. The firm’s 50-day simple moving average is $57.36 and its 200 day simple moving average is $52.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The firm had revenue of $136.82 million for the quarter, compared to analyst estimates of $137.57 million. During the same quarter in the previous year, the firm posted $1.04 earnings per share. As a group, research analysts expect that Main Street Capital Co. will post 4.11 EPS for the current year.

Main Street Capital Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date is Friday, February 7th. Main Street Capital’s dividend payout ratio (DPR) is presently 54.35%.

Institutional Investors Weigh In On Main Street Capital

Several hedge funds have recently added to or reduced their stakes in the business. Godsey & Gibb Inc. bought a new position in shares of Main Street Capital during the third quarter worth approximately $28,000. Asset Planning Inc acquired a new stake in shares of Main Street Capital during the fourth quarter worth $29,000. Truvestments Capital LLC bought a new stake in shares of Main Street Capital in the third quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new position in shares of Main Street Capital in the third quarter valued at about $50,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Main Street Capital during the third quarter worth about $50,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

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.