Main Street Capital Co. (NYSE:MAIN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $60.20 and last traded at $60.05, with a volume of 265369 shares. The stock had previously closed at $59.24.
Wall Street Analyst Weigh In
Separately, B. Riley boosted their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a 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, Main Street Capital presently has a consensus rating of "Hold" and a consensus price target of $48.80.
View Our Latest Stock Report on MAIN
Main Street Capital Price Performance
The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 10.95 and a beta of 1.28. The stock has a 50 day moving average price of $55.70 and a two-hundred day moving average price of $52.23.
Main Street Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.60 annualized dividend and a dividend yield of 5.96%. Main Street Capital's dividend payout ratio is presently 54.35%.
Hedge Funds Weigh In On Main Street Capital
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAIN. Thrive Wealth Management LLC purchased a new stake in Main Street Capital during the 4th quarter worth about $313,000. Arkadios Wealth Advisors raised its holdings in Main Street Capital by 1.5% in the fourth quarter. Arkadios Wealth Advisors now owns 30,678 shares of the financial services provider's stock valued at $1,797,000 after acquiring an additional 462 shares in the last quarter. RMR Wealth Builders lifted its stake in Main Street Capital by 6.3% in the fourth quarter. RMR Wealth Builders now owns 14,140 shares of the financial services provider's stock worth $828,000 after acquiring an additional 832 shares during the last quarter. Park Avenue Securities LLC acquired a new position in Main Street Capital during the 4th quarter worth approximately $222,000. Finally, AdvisorNet Financial Inc increased its position in shares of Main Street Capital by 145.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 729 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.
Main Street Capital Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Main Street Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Main Street Capital wasn't on the list.
While Main Street Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
