Mirae Asset Global Investments Co. Ltd. purchased a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,505 shares of the financial services provider's stock, valued at approximately $319,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MAIN. Godsey & Gibb Inc. purchased a new stake in shares of Main Street Capital in the third quarter valued at about $28,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital in the third quarter valued at about $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Main Street Capital in the third quarter valued at about $50,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Main Street Capital in the third quarter valued at about $50,000. Finally, AdvisorNet Financial Inc raised its holdings 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 valued at $72,000 after buying an additional 729 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.
Main Street Capital Stock Performance
Shares of Main Street Capital stock traded up $0.63 on Monday, reaching $61.51. 505,083 shares of the stock were exchanged, compared to its average volume of 447,475. Main Street Capital Co. has a 1-year low of $44.57 and a 1-year high of $62.19. 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 business has a fifty day moving average price of $58.99 and a two-hundred day moving average price of $53.82. The firm has a market capitalization of $5.42 billion, a PE ratio of 11.14 and a beta of 1.28.
Wall Street Analysts Forecast Growth
Separately, B. Riley upped their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a 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, the company presently has a consensus rating of "Hold" and a consensus price target of $48.80.
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About Main Street Capital
(
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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