Mirae Asset Global Investments Co. Ltd. Buys Shares of 5,505 Main Street Capital Co. (NYSE:MAIN)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,505 shares of the financial services provider’s stock, valued at approximately $319,000.

A number of other large investors have also made changes to their positions in the stock. Widmann Financial Services Inc. grew its position in shares of Main Street Capital by 0.9% in the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 202 shares during the last quarter. IHT Wealth Management LLC grew its holdings in Main Street Capital by 0.3% during the 3rd quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock valued at $3,190,000 after buying an additional 218 shares during the last quarter. PFG Investments LLC increased its position in Main Street Capital by 1.6% during the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock worth $799,000 after buying an additional 219 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Main Street Capital by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 229 shares during the last quarter. Finally, CAP Partners LLC raised its holdings in shares of Main Street Capital by 6.4% in the third quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 0.8 %

Shares of Main Street Capital stock opened at $60.88 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 1-year low of $44.34 and a 1-year high of $62.19. The business has a 50-day moving average of $58.64 and a 200-day moving average of $53.59. The company has a market capitalization of $5.37 billion, a PE ratio of 11.03 and a beta of 1.28.

Analyst Ratings Changes

Separately, B. Riley raised their price objective on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average 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.