Main Street Capital (NYSE:MAIN) Reaches New 1-Year High – Here’s What Happened

Main Street Capital Co. (NYSE:MAIN) reached a new 52-week high during trading on Wednesday . The company traded as high as $62.33 and last traded at $62.44, with a volume of 52837 shares. The stock had previously closed at $62.12.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price target 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’s stock. According to MarketBeat, Main Street Capital presently has an average rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Price Performance

The firm has a 50 day moving average of $59.43 and a 200-day moving average of $54.04. 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 company has a market cap of $5.49 billion, a P/E ratio of 11.28 and a beta of 1.28.

Institutional Investors Weigh In On Main Street Capital

Several institutional investors and hedge funds have recently modified their holdings of MAIN. US Bancorp DE grew its stake in Main Street Capital by 8.4% during the fourth quarter. US Bancorp DE now owns 2,579 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 200 shares in the last quarter. Widmann Financial Services Inc. boosted its holdings in shares of Main Street Capital by 0.9% during the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 202 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Main Street Capital by 0.3% during the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after purchasing an additional 218 shares in the last quarter. PFG Investments LLC increased its holdings in shares of Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 219 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Main Street Capital by 6.9% in the fourth quarter. Harbour Investments Inc. now owns 3,512 shares of the financial services provider’s stock worth $206,000 after buying an additional 228 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Company Profile

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.