Main Street Capital Co. (NYSE:MAIN) Shares Sold by Denali Advisors LLC

Denali Advisors LLC cut its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160,583 shares of the financial services provider’s stock after selling 7,733 shares during the period. Main Street Capital accounts for approximately 1.0% of Denali Advisors LLC’s holdings, making the stock its 16th biggest holding. Denali Advisors LLC owned approximately 0.18% of Main Street Capital worth $9,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Planning Inc purchased a new position in Main Street Capital in the fourth quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of Main Street Capital in the third quarter worth $39,000. Prospera Private Wealth LLC purchased a new position in shares of Main Street Capital in the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Main Street Capital during the 3rd quarter valued at $50,000. Finally, AdvisorNet Financial Inc boosted its position in Main Street Capital by 145.8% during 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 during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Trading Down 0.9 %

MAIN opened at $60.03 on Wednesday. The firm’s 50 day moving average is $59.67 and its 200-day moving average is $54.30. Main Street Capital Co. has a 52-week low of $45.00 and a 52-week high of $63.31. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $5.29 billion, a P/E ratio of 10.87 and a beta of 1.28.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price objective on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock 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.