Adell Harriman & Carpenter Inc. Has $24.93 Million Position in Main Street Capital Co. (NYSE:MAIN)

Adell Harriman & Carpenter Inc. increased its holdings in Main Street Capital Co. (NYSE:MAIN - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 425,552 shares of the financial services provider's stock after buying an additional 6,297 shares during the period. Main Street Capital comprises approximately 1.7% of Adell Harriman & Carpenter Inc.'s holdings, making the stock its 16th biggest position. Adell Harriman & Carpenter Inc. owned 0.48% of Main Street Capital worth $24,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning grew its position in Main Street Capital by 37.0% in the third quarter. Creative Planning now owns 73,176 shares of the financial services provider's stock worth $3,669,000 after buying an additional 19,777 shares during the last quarter. Accurate Wealth Management LLC acquired a new position in Main Street Capital in the 3rd quarter valued at approximately $908,000. Capital Investment Advisors LLC grew its stake in Main Street Capital by 1.1% in the third quarter. Capital Investment Advisors LLC now owns 52,608 shares of the financial services provider's stock valued at $2,638,000 after purchasing an additional 567 shares in the last quarter. Blue Trust Inc. increased its holdings in Main Street Capital by 40.2% in the third quarter. Blue Trust Inc. now owns 5,479 shares of the financial services provider's stock worth $277,000 after buying an additional 1,571 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Main Street Capital by 24.3% in the 3rd quarter. Raymond James & Associates now owns 59,500 shares of the financial services provider's stock valued at $2,983,000 after purchasing an additional 11,646 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Main Street Capital Trading Up 1.6 %

Main Street Capital stock traded up $0.97 during mid-day trading on Wednesday, hitting $63.09. 821,829 shares of the company's stock were exchanged, compared to its average volume of 510,636. The firm has a market capitalization of $5.56 billion, a P/E ratio of 11.43 and a beta of 1.28. Main Street Capital Co. has a fifty-two week low of $44.67 and a fifty-two week 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. The company's 50 day simple moving average is $59.29 and its 200-day simple moving average is $53.98.

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.