Main Street Capital Co. (NYSE:MAIN) Shares Bought by Focus Financial Network Inc.

Focus Financial Network Inc. increased its position in Main Street Capital Co. (NYSE:MAIN) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,131 shares of the financial services provider’s stock after acquiring an additional 2,869 shares during the period. Focus Financial Network Inc.’s holdings in Main Street Capital were worth $1,589,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Widmann Financial Services Inc. increased its holdings in shares of Main Street Capital by 0.9% during 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 period. IHT Wealth Management LLC grew its position in Main Street Capital by 0.3% in 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 in the last quarter. PFG Investments LLC increased its stake in Main Street Capital by 1.6% during the 4th quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock valued at $799,000 after buying an additional 219 shares during the period. Sunbelt Securities Inc. raised its position in shares of Main Street Capital by 7.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after buying an additional 229 shares in the last quarter. Finally, CAP Partners LLC lifted its stake in shares of Main Street Capital by 6.4% in the 3rd 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 period. 20.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley raised their price objective 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 given a buy rating to the stock. Based on data from MarketBeat, Main Street Capital has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $60.36 on Wednesday. The firm has a 50-day moving average of $58.43 and a two-hundred day moving average of $53.48. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 10.93 and a beta of 1.28. 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 twelve month low of $43.90 and a twelve month high of $62.19.

Main Street Capital Company 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.