Main Street Capital Co. (NYSE:MAIN) Stock Holdings Increased by MGB Wealth Management LLC

MGB Wealth Management LLC boosted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 10.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,359 shares of the financial services provider’s stock after purchasing an additional 4,500 shares during the period. Main Street Capital comprises approximately 0.9% of MGB Wealth Management LLC’s holdings, making the stock its 19th largest position. MGB Wealth Management LLC owned approximately 0.05% of Main Street Capital worth $2,772,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in Main Street Capital in the third quarter valued at approximately $28,000. Truvestments Capital LLC acquired a new stake in shares of Main Street Capital in the 3rd quarter valued at $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital in the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new stake in Main Street Capital in the third quarter worth $50,000. Finally, AdvisorNet Financial Inc increased its position in Main Street Capital by 145.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after buying an additional 729 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

Shares of MAIN opened at $60.43 on Thursday. The company has a market capitalization of $5.33 billion, a PE ratio of 10.95 and a beta of 1.28. 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 one year low of $43.90 and a one year high of $62.19. The company’s fifty day moving average price is $58.53 and its 200 day moving average price is $53.54.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price target on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.80.

About Main Street Capital

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.