Main Street Capital Co. (NYSE:MAIN - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.33 and last traded at $62.44, with a volume of 52837 shares changing hands. The stock had previously closed at $62.12.
Wall Street Analyst Weigh In
Separately, B. Riley increased 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $48.80.
Check Out Our Latest Research Report on MAIN
Main Street Capital Trading Down 0.7 %
The company's 50 day moving average price is $59.43 and its two-hundred day moving average price is $54.04. 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 stock has a market capitalization of $5.49 billion, a PE ratio of 11.28 and a beta of 1.28.
Hedge Funds Weigh In On Main Street Capital
Several hedge funds and other institutional investors have recently modified their holdings of MAIN. Raymond James Financial Inc. purchased a new position in shares of Main Street Capital in the fourth quarter worth about $10,460,000. Benjamin Edwards Inc. boosted its holdings in Main Street Capital by 971.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider's stock valued at $7,078,000 after purchasing an additional 127,988 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in Main Street Capital by 3,098.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider's stock valued at $6,418,000 after purchasing an additional 123,994 shares during the last quarter. Invesco Ltd. boosted its holdings in Main Street Capital by 470.4% in the 4th quarter. Invesco Ltd. now owns 139,166 shares of the financial services provider's stock valued at $8,152,000 after purchasing an additional 114,768 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Main Street Capital by 7,077.4% in the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider's stock valued at $5,625,000 after purchasing an additional 110,619 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.
About Main Street Capital
(
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.
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