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

Main Street Capital Co. (NYSE:MAIN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.98 and last traded at $60.83, with a volume of 569046 shares changing hands. The stock had previously closed at $60.04.

Analyst Ratings Changes

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

Main Street Capital Trading Up 0.0 %

The company has a market cap of $5.36 billion, a price-to-earnings ratio of 11.00 and a beta of 1.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $56.53 and its 200-day moving average price is $52.54.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $136.82 million for the quarter, compared to analyst estimates of $137.57 million. During the same quarter last year, the business earned $1.04 earnings per share. On average, equities analysts anticipate that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Announces Dividend

The company also recently disclosed 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 5.93%. The ex-dividend date is Friday, February 7th. Main Street Capital’s payout ratio is 54.35%.

Hedge Funds Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently modified their holdings of MAIN. Godsey & Gibb Inc. bought a new stake in Main Street Capital in the 3rd quarter valued at about $28,000. Truvestments Capital LLC bought a new stake in shares of Main Street Capital in the third quarter valued at approximately $39,000. Prospera Private Wealth LLC acquired a new stake in Main Street Capital during the third quarter worth approximately $50,000. Wilmington Savings Fund Society FSB bought a new position in Main Street Capital during the 3rd quarter worth $50,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $55,000 after acquiring an additional 405 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

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.