Empowered Funds LLC Buys Shares of 9,683 Main Street Capital Co. (NYSE:MAIN)

Empowered Funds LLC bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,683 shares of the financial services provider's stock, valued at approximately $567,000.

Several other institutional investors have also added to or reduced their stakes in the business. Benjamin Edwards Inc. boosted its stake in shares of Main Street Capital by 971.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider's stock worth $7,078,000 after buying an additional 127,988 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of Main Street Capital by 3,098.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider's stock worth $6,418,000 after buying an additional 123,994 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Main Street Capital by 7,077.4% in the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider's stock worth $5,625,000 after buying an additional 110,619 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Main Street Capital by 3.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider's stock worth $61,758,000 after buying an additional 45,381 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Main Street Capital in the 4th quarter worth $2,626,000. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley raised their price target 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Main Street Capital has a consensus rating of "Hold" and a consensus target price of $48.80.

Main Street Capital Price Performance

Shares of MAIN stock traded down $0.47 during trading hours on Friday, hitting $62.27. The stock had a trading volume of 368,963 shares, compared to its average volume of 504,376. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 11.28 and a beta of 1.28. Main Street Capital Co. has a one year low of $44.88 and a one year high of $63.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The stock's 50-day moving average price is $59.43 and its two-hundred day moving average price is $54.04.

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.