Strategic Financial Concepts LLC acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,170 shares of the financial services provider's stock, valued at approximately $420,000.
Several other institutional investors and hedge funds also recently made changes to their positions in MAIN. Ellis Investment Partners LLC bought a new stake in Main Street Capital in the fourth quarter valued at about $233,000. Adell Harriman & Carpenter Inc. raised its stake in shares of Main Street Capital by 1.5% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider's stock worth $24,929,000 after buying an additional 6,297 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Main Street Capital by 105.7% during the fourth quarter. Blue Trust Inc. now owns 11,270 shares of the financial services provider's stock worth $660,000 after buying an additional 5,791 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Main Street Capital during the fourth quarter worth approximately $29,000. Finally, MGB Wealth Management LLC increased its stake in Main Street Capital by 10.5% in the fourth quarter. MGB Wealth Management LLC now owns 47,359 shares of the financial services provider's stock valued at $2,772,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors own 20.31% of the company's stock.
Main Street Capital Stock Down 0.7 %
Shares of MAIN stock traded down $0.47 during trading hours on Friday, hitting $62.27. 369,017 shares of the company were exchanged, compared to its average volume of 504,435. The business has a 50 day moving average of $59.43 and a two-hundred day moving average of $54.04. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 52 week low of $44.88 and a 52 week high of $63.32. The company has a market capitalization of $5.49 billion, a PE ratio of 11.28 and a beta of 1.28.
Analyst Ratings Changes
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 research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $48.80.
View Our Latest Analysis on MAIN
Main Street Capital Company 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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