Legacy Capital Wealth Partners LLC Lowers Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Legacy Capital Wealth Partners LLC trimmed its position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 53.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,018 shares of the financial services provider's stock after selling 37,049 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Main Street Capital were worth $1,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthstar Advisors LLC purchased a new position in shares of Main Street Capital in the fourth quarter valued at approximately $1,326,000. Franklin Resources Inc. raised its stake in Main Street Capital by 19.3% during the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider's stock worth $11,119,000 after purchasing an additional 35,227 shares during the period. Segment Wealth Management LLC boosted its holdings in Main Street Capital by 15.8% in the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider's stock valued at $2,951,000 after purchasing an additional 6,856 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Main Street Capital by 9.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider's stock valued at $10,526,000 after purchasing an additional 18,059 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Main Street Capital by 188.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider's stock valued at $1,012,000 after buying an additional 13,177 shares during the period. Hedge funds and other institutional investors own 20.31% of the company's stock.

Analysts Set New Price Targets

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

Main Street Capital Trading Up 1.6 %

Shares of MAIN traded up $0.97 during trading on Wednesday, reaching $63.09. 821,829 shares of the company traded hands, compared to its average volume of 510,636. The stock has a 50-day simple moving average of $59.29 and a 200-day simple moving average of $53.98. The stock has a market cap of $5.56 billion, a PE ratio of 11.43 and a beta of 1.28. Main Street Capital Co. has a twelve month low of $44.67 and a twelve month high of $63.25. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

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.