Entropy Technologies LP Makes New Investment in Main Street Capital Co. (NYSE:MAIN)

Entropy Technologies LP bought a new position in Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,689 shares of the financial services provider’s stock, valued at approximately $275,000.

Other institutional investors have also bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in Main Street Capital in the 3rd quarter worth approximately $28,000. Truvestments Capital LLC purchased a new position in Main Street Capital in the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC purchased a new position in Main Street Capital in the 3rd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB purchased a new position in Main Street Capital in the 3rd quarter worth approximately $50,000. Finally, AdvisorNet Financial Inc lifted its stake in 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 purchasing an additional 729 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Stock Up 0.8 %

Shares of NYSE MAIN opened at $60.88 on Friday. The company has a 50 day simple moving average of $58.64 and a 200-day simple moving average of $53.59. The company has a market capitalization of $5.37 billion, a P/E ratio of 11.03 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 1 year low of $44.34 and a 1 year high of $62.19.

Analysts Set New Price Targets

Separately, B. Riley raised their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.80.

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.