Americana Partners LLC Has $4.42 Million Position in Main Street Capital Co. (NYSE:MAIN)

Americana Partners LLC increased its position in Main Street Capital Co. (NYSE:MAIN) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 75,510 shares of the financial services provider’s stock after acquiring an additional 1,031 shares during the quarter. Americana Partners LLC’s holdings in Main Street Capital were worth $4,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in Main Street Capital by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock valued at $75,469,000 after purchasing an additional 92,833 shares during the period. Adell Harriman & Carpenter Inc. increased its position in Main Street Capital by 1.5% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider’s stock valued at $24,929,000 after purchasing an additional 6,297 shares during the period. Paradiem LLC increased its position in Main Street Capital by 0.3% during the 4th quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock valued at $16,437,000 after purchasing an additional 732 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Main Street Capital by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,517 shares of the financial services provider’s stock valued at $12,918,000 after purchasing an additional 10,593 shares during the period. Finally, Franklin Resources Inc. increased its position in Main Street Capital by 19.3% during the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after purchasing an additional 35,227 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley increased their target price on shares of 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.80.

Main Street Capital Price Performance

Main Street Capital stock opened at $61.51 on Monday. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 11.14 and a beta of 1.28. Main Street Capital Co. has a 52-week low of $44.57 and a 52-week high of $62.19. The stock’s 50 day moving average price is $58.87 and its two-hundred day moving average price is $53.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08.

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.