MGB Wealth Management LLC Purchases 4,500 Shares of Main Street Capital Co. (NYSE:MAIN)

MGB Wealth Management LLC raised its stake in Main Street Capital Co. (NYSE:MAIN - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,359 shares of the financial services provider's stock after acquiring an additional 4,500 shares during the quarter. Main Street Capital comprises 0.9% of MGB Wealth Management LLC's holdings, making the stock its 19th largest position. MGB Wealth Management LLC owned 0.05% of Main Street Capital worth $2,772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in shares of Main Street Capital during the third quarter worth approximately $28,000. Truvestments Capital LLC acquired a new stake in Main Street Capital during the third quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new position in Main Street Capital during the 3rd quarter worth $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital during the 3rd quarter worth $50,000. Finally, AdvisorNet Financial Inc increased its position in shares of Main Street Capital by 145.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider's stock worth $72,000 after purchasing an additional 729 shares during the period. Institutional investors own 20.31% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price objective on shares of 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $48.80.

Main Street Capital Price Performance

Shares of MAIN stock traded up $0.63 on Monday, hitting $61.51. 505,083 shares of the company's stock were exchanged, compared to its average volume of 447,475. The company has a 50 day moving average of $58.87 and a 200 day moving average of $53.75. The stock has a market cap of $5.42 billion, a P/E ratio of 11.14 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Main Street Capital Co. has a 12 month low of $44.57 and a 12 month high of $62.19.

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.