Main Street Capital (NYSE:MAIN) Hits New 1-Year High - Here's What Happened

Main Street Capital Co. (NYSE:MAIN - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $58.20 and last traded at $58.01, with a volume of 180513 shares traded. The stock had previously closed at $57.90.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $48.80.

Main Street Capital Stock Performance

The company has a market cap of $5.12 billion, a P/E ratio of 10.51 and a beta of 1.30. The stock has a fifty day moving average price of $53.95 and a two-hundred day moving average price of $51.50. 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 firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 20th. Main Street Capital's dividend payout ratio (DPR) is presently 54.35%.

Hedge Funds Weigh In On Main Street Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Godsey & Gibb Inc. acquired a new stake in shares of Main Street Capital in the 3rd quarter worth approximately $28,000. Truvestments Capital LLC acquired a new stake in Main Street Capital in the third quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new position in Main Street Capital during the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Main Street Capital during the 3rd quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Main Street Capital by 59.2% during 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 purchasing an additional 405 shares during the period. Institutional investors 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.