Main Street Capital Corp. Sets New 1-Year High at $34.75 (MAIN)
Main Street Capital Corp. (NASDAQ:MAIN) set a new 52-week high during trading hours on Tuesday, Analyst Ratings.Net reports. The company traded as high as $34.75 and last traded at $34.05, with a volume of 236,076 shares. The stock had previously closed at $33.74.
Separately, analysts at National Securities initiated coverage on shares of Main Street Capital Corp. in a research note to investors on Monday, October 21st. They set a “neutral” rating on the stock.
In other Main Street Capital Corp. news, CEO Vincent Foster bought 8,539 shares of Main Street Capital Corp. stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average cost of $32.48 per share, with a total value of $277,346.72. Following the purchase, the chief executive officer now directly owns 1,412,733 shares of the company’s stock, valued at approximately $45,885,568. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Main Street Capital Corp. has a 52-week low of $25.52 and a 52-week high of $34.45. The stock’s 50-day moving average is $32.26 and its 200-day moving average is $30.39. The company has a market cap of $1.353 billion and a price-to-earnings ratio of 11.70.
Main Street Capital Corporation (NASDAQ:MAIN) is a principal investment firm primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies, which it generally define as companies with annual revenues between $10 million and $100 million that operate in diverse industries.
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