Kingsview Wealth Management LLC Boosts Stake in Main Street Capital Co. (NYSE:MAIN)

Kingsview Wealth Management LLC raised its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 80.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,686 shares of the financial services provider's stock after buying an additional 5,651 shares during the quarter. Kingsview Wealth Management LLC's holdings in Main Street Capital were worth $743,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MAIN. Benjamin Edwards Inc. grew its position 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 position in shares of Main Street Capital by 3,098.3% during the third quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider's stock valued at $6,418,000 after purchasing an additional 123,994 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Main Street Capital by 7,077.4% during the third quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider's stock valued at $5,625,000 after purchasing an additional 110,619 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Main Street Capital by 3.9% during the third quarter. Van ECK Associates Corp now owns 1,195,476 shares of the financial services provider's stock valued at $61,758,000 after purchasing an additional 45,381 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Main Street Capital during the fourth quarter valued at approximately $2,626,000. 20.31% of the stock is currently owned by institutional investors.

Main Street Capital Stock Up 1.0 %

Main Street Capital stock traded up $0.63 during mid-day trading on Friday, hitting $61.51. The company had a trading volume of 505,083 shares, compared to its average volume of 447,475. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average price is $58.87 and its two-hundred day moving average price is $53.75. 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 capitalization of $5.42 billion, a PE ratio of 11.14 and a beta of 1.28.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price target on Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital presently has a consensus rating of "Hold" and an average price target of $48.80.

About Main Street Capital

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.