BostonPremier Wealth LLC purchased a new stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,550 shares of the financial services provider's stock, valued at approximately $559,000. Main Street Capital comprises about 0.3% of BostonPremier Wealth LLC's holdings, making the stock its 26th largest holding.
A number of other institutional investors have also added to or reduced their stakes in MAIN. Sanctuary Advisors LLC purchased a new stake in Main Street Capital during the 2nd quarter worth about $702,000. Procyon Advisors LLC purchased a new stake in Main Street Capital during the 3rd quarter worth about $224,000. Creative Planning increased its stake in Main Street Capital by 37.0% in the 3rd quarter. Creative Planning now owns 73,176 shares of the financial services provider's stock worth $3,669,000 after acquiring an additional 19,777 shares during the last quarter. Transform Wealth LLC bought a new position in Main Street Capital in the 3rd quarter worth about $218,000. Finally, Naviter Wealth LLC increased its stake in Main Street Capital by 10.9% in the 3rd quarter. Naviter Wealth LLC now owns 61,403 shares of the financial services provider's stock worth $3,079,000 after acquiring an additional 6,026 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company's stock.
Main Street Capital Price Performance
Shares of Main Street Capital stock traded up $0.63 during trading on Friday, hitting $61.51. 505,083 shares of the stock traded hands, compared to its average volume of 491,428. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 11.14 and a beta of 1.28. The firm's fifty day moving average is $58.74 and its 200-day moving average is $53.64. Main Street Capital Co. has a 52 week low of $44.57 and a 52 week high of $62.19.
Wall Street Analysts Forecast Growth
Separately, B. Riley upped their target price on Main Street Capital from $49.00 to $51.00 and gave the stock 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $48.80.
Check Out Our Latest Stock Report on MAIN
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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