Global Retirement Partners LLC Sells 12,961 Shares of Main Street Capital Co. (NYSE:MAIN)

Global Retirement Partners LLC trimmed its holdings in Main Street Capital Co. (NYSE:MAIN) by 50.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,905 shares of the financial services provider’s stock after selling 12,961 shares during the quarter. Global Retirement Partners LLC’s holdings in Main Street Capital were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Callahan Advisors LLC boosted its position in shares of Main Street Capital by 3.5% in the fourth quarter. Callahan Advisors LLC now owns 16,692 shares of the financial services provider’s stock valued at $978,000 after acquiring an additional 558 shares during the period. Pembroke Management LTD raised its stake in shares of Main Street Capital by 1.6% in the fourth quarter. Pembroke Management LTD now owns 78,121 shares of the financial services provider’s stock valued at $4,576,000 after purchasing an additional 1,193 shares in the last quarter. Americana Partners LLC raised its stake in shares of Main Street Capital by 1.4% in the fourth quarter. Americana Partners LLC now owns 75,510 shares of the financial services provider’s stock valued at $4,423,000 after purchasing an additional 1,031 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Main Street Capital by 6.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 22,783 shares of the financial services provider’s stock valued at $1,335,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Hourglass Capital LLC raised its stake in shares of Main Street Capital by 0.4% in the fourth quarter. Hourglass Capital LLC now owns 122,116 shares of the financial services provider’s stock valued at $7,154,000 after purchasing an additional 500 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

Main Street Capital Stock Performance

Main Street Capital stock opened at $62.27 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. The stock has a fifty day moving average price of $59.57 and a two-hundred day moving average price of $54.18. Main Street Capital Co. has a 52-week low of $44.88 and a 52-week high of $63.32. The firm has a market capitalization of $5.49 billion, a P/E ratio of 11.28 and a beta of 1.28.

Analyst Ratings Changes

Separately, B. Riley upped their target price on 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 analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.