Private Advisor Group LLC Has $8.61 Million Stock Position in Main Street Capital Co. (NYSE:MAIN)

Private Advisor Group LLC grew its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,954 shares of the financial services provider’s stock after purchasing an additional 12,729 shares during the period. Private Advisor Group LLC owned approximately 0.17% of Main Street Capital worth $8,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MAIN. Asset Planning Inc acquired a new position in shares of Main Street Capital during the fourth quarter valued at about $29,000. Truvestments Capital LLC acquired a new position in shares of Main Street Capital during the third quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new position in shares of Main Street Capital during the third quarter valued at about $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital in the 3rd quarter worth about $50,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of Main Street Capital by 145.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 729 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Trading Down 0.7 %

MAIN opened at $62.27 on Friday. 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 fifty-two week low of $44.88 and a fifty-two week high of $63.32. The firm has a market capitalization of $5.49 billion, a PE ratio of 11.28 and a beta of 1.28. The company’s 50-day moving average is $59.43 and its 200 day moving average is $54.04.

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 stock a “neutral” rating in a report 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 stock. According to MarketBeat.com, Main Street Capital currently has a consensus rating of “Hold” and a consensus target price of $48.80.

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.