Main Street Capital Co. (NYSE:MAIN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $51.83 and traded as high as $60.16. Main Street Capital shares last traded at $58.78, with a volume of 875,956 shares.
Analysts Set New Price Targets
Separately, B. Riley raised their target price on shares of 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $48.80.
View Our Latest Stock Analysis on MAIN
Main Street Capital Stock Down 0.7 %
The firm has a 50-day moving average price of $54.67 and a two-hundred day moving average price of $51.83. The company has a market capitalization of $5.15 billion, a P/E ratio of 10.58 and a beta of 1.28. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.
Main Street Capital Announces Dividend
The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 20th were given a $0.30 dividend. The ex-dividend date was Friday, December 20th. Main Street Capital's dividend payout ratio is 54.35%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in MAIN. Godsey & Gibb Inc. bought a new position in Main Street Capital during the third quarter valued at about $28,000. Truvestments Capital LLC bought a new stake in shares of Main Street Capital during the third quarter valued at approximately $39,000. Prospera Private Wealth LLC acquired a new position in shares of Main Street Capital in the third quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new position in Main Street Capital in the third quarter worth $50,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Main Street Capital by 59.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider's stock worth $55,000 after buying an additional 405 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.
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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