Main Street Capital (NYSE:MAIN) Reaches New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, B. Riley boosted 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.80.

Check Out Our Latest Research Report on MAIN

Main Street Capital Price Performance

The stock has a market capitalization of $5.49 billion, a P/E ratio of 11.28 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a fifty day moving average price of $59.43 and a two-hundred day moving average price of $54.04.

Institutional Investors Weigh In On Main Street Capital

A number of large investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in shares of Main Street Capital by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock worth $75,469,000 after buying an additional 92,833 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Main Street Capital by 1.5% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,153,600 shares of the financial services provider’s stock worth $67,578,000 after acquiring an additional 17,196 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its position in shares of Main Street Capital by 1.5% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider’s stock valued at $24,929,000 after acquiring an additional 6,297 shares during the period. LPL Financial LLC increased its stake in shares of Main Street Capital by 1.6% in the 4th quarter. LPL Financial LLC now owns 299,165 shares of the financial services provider’s stock worth $17,525,000 after purchasing an additional 4,740 shares in the last quarter. Finally, Paradiem LLC raised its holdings in Main Street Capital by 0.3% in the 4th quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock worth $16,437,000 after purchasing an additional 732 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Company Profile

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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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