Hourglass Capital LLC Has $7.15 Million Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Hourglass Capital LLC raised its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,116 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Main Street Capital comprises about 2.0% of Hourglass Capital LLC’s investment portfolio, making the stock its 17th biggest holding. Hourglass Capital LLC’s holdings in Main Street Capital were worth $7,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MAIN. Godsey & Gibb Inc. acquired a new position in Main Street Capital in the third quarter worth approximately $28,000. Asset Planning Inc acquired a new position in shares of Main Street Capital during the 4th quarter worth $29,000. Truvestments Capital LLC bought a new position in shares of Main Street Capital during 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. Finally, Wilmington Savings Fund Society FSB bought a new stake in Main Street Capital in the third quarter worth $50,000. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Stock Up 1.0 %

Main Street Capital stock opened at $61.51 on Friday. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 11.14 and a beta of 1.28. Main Street Capital Co. has a fifty-two week low of $44.57 and a fifty-two week high of $62.19. The firm has a fifty day moving average price of $58.87 and a two-hundred day moving average price of $53.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Analysts Set New Price Targets

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