Wealthstar Advisors LLC purchased a new position in Main Street Capital Co. (NYSE:MAIN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 22,644 shares of the financial services provider's stock, valued at approximately $1,326,000.
Other hedge funds have also bought and sold shares of the company. Godsey & Gibb Inc. acquired a new position in Main Street Capital in the third quarter worth about $28,000. Truvestments Capital LLC acquired a new position in Main Street Capital in the third quarter valued at approximately $39,000. Prospera Private Wealth LLC acquired a new position in Main Street Capital in the third quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital in the third quarter valued at approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Main Street Capital by 59.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 405 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, B. Riley lifted their target price on 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $48.80.
View Our Latest Stock Analysis on MAIN
Main Street Capital Stock Performance
Shares of MAIN traded up $0.46 during mid-day trading on Thursday, reaching $60.88. 291,557 shares of the company's stock traded hands, compared to its average volume of 490,946. The business's 50-day moving average price is $58.64 and its 200-day moving average price is $53.59. The stock has a market capitalization of $5.37 billion, a P/E ratio of 11.03 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. Main Street Capital Co. has a 12 month low of $44.34 and a 12 month high of $62.19.
About Main Street Capital
(
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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