Entropy Technologies LP Buys Shares of 4,689 Main Street Capital Co. (NYSE:MAIN)

Entropy Technologies LP bought a new position 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 SEC. The firm bought 4,689 shares of the financial services provider's stock, valued at approximately $275,000.

Other hedge funds also recently made changes to their positions in the company. Widmann Financial Services Inc. grew its stake in Main Street Capital by 0.9% during the 3rd quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider's stock worth $1,153,000 after buying an additional 202 shares during the last quarter. IHT Wealth Management LLC grew its position in Main Street Capital by 0.3% in the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider's stock worth $3,190,000 after purchasing an additional 218 shares during the last quarter. PFG Investments LLC increased its stake in shares of Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider's stock valued at $799,000 after purchasing an additional 219 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Main Street Capital by 7.0% during the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider's stock valued at $176,000 after buying an additional 229 shares during the last quarter. Finally, CAP Partners LLC boosted its position in shares of Main Street Capital by 6.4% during the third quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider's stock worth $215,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 20.31% of the company's stock.

Analysts Set New Price Targets

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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.80.

Main Street Capital Price Performance

NYSE MAIN traded up $0.63 on Monday, reaching $61.51. 505,083 shares of the stock traded hands, compared to its average volume of 447,475. Main Street Capital Co. has a 12 month low of $44.57 and a 12 month high of $62.19. The company 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 simple moving average is $58.99 and its 200 day simple moving average is $53.82. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital 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.