Blue Trust Inc. grew its position in Main Street Capital Co. (NYSE:MAIN - Free Report) by 105.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,270 shares of the financial services provider's stock after buying an additional 5,791 shares during the quarter. Blue Trust Inc.'s holdings in Main Street Capital were worth $660,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Godsey & Gibb Inc. acquired a new position in Main Street Capital in the 3rd quarter worth approximately $28,000. Asset Planning Inc purchased a new stake in shares of Main Street Capital in the fourth quarter valued at $29,000. Truvestments Capital LLC acquired a new stake in shares of Main Street Capital in the third quarter worth $39,000. Prospera Private Wealth LLC purchased a new position in shares of Main Street Capital during the third quarter valued at $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital during the third quarter valued at $50,000. 20.31% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, B. Riley raised 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $48.80.
Read Our Latest Research Report on MAIN
Main Street Capital Stock Down 0.5 %
Shares of NYSE:MAIN traded down $0.34 during midday trading on Thursday, hitting $62.77. 440,611 shares of the stock were exchanged, compared to its average volume of 508,523. The business's fifty day simple moving average is $59.29 and its two-hundred day simple moving average is $53.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. Main Street Capital Co. has a 52-week low of $44.67 and a 52-week high of $63.25. The company has a market capitalization of $5.53 billion, a PE ratio of 11.37 and a beta of 1.28.
Main Street Capital Profile
(
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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