Strategic Financial Concepts LLC acquired a new position in Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 44,828 shares of the financial services provider's stock, valued at approximately $2,626,000. Strategic Financial Concepts LLC owned 0.05% of Main Street Capital as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Main Street Capital by 59.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,089 shares of the financial services provider's stock worth $55,000 after purchasing an additional 405 shares during the period. Sanctuary Advisors LLC bought a new position in Main Street Capital during the second quarter valued at about $702,000. Procyon Advisors LLC bought a new position in Main Street Capital during the third quarter valued at about $224,000. Creative Planning raised its holdings in Main Street Capital by 37.0% in the 3rd quarter. Creative Planning now owns 73,176 shares of the financial services provider's stock valued at $3,669,000 after acquiring an additional 19,777 shares in the last quarter. Finally, Transform Wealth LLC bought a new stake in shares of Main Street Capital in the 3rd quarter worth approximately $218,000. Institutional investors and hedge funds own 20.31% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, B. Riley boosted their price objective on Main Street Capital from $49.00 to $51.00 and gave the company a "neutral" rating in a research 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, the company has a consensus rating of "Hold" and a consensus price target of $48.80.
View Our Latest Report on MAIN
Main Street Capital Price Performance
Shares of NYSE:MAIN traded up $0.46 on Thursday, hitting $60.88. The stock had a trading volume of 291,557 shares, compared to its average volume of 490,946. The firm's 50 day moving average price is $58.64 and its 200-day moving average price is $53.59. 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 twelve month low of $44.34 and a twelve month high of $62.19. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 11.03 and a beta of 1.28.
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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