WealthPLAN Partners LLC Trims Position in Main Street Capital Co. (NYSE:MAIN)

WealthPLAN Partners LLC decreased its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 4.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,307 shares of the financial services provider’s stock after selling 941 shares during the quarter. WealthPLAN Partners LLC’s holdings in Main Street Capital were worth $1,307,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MAIN. Adell Harriman & Carpenter Inc. lifted 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 worth $24,929,000 after acquiring an additional 6,297 shares during the period. Blue Trust Inc. lifted its holdings in shares of Main Street Capital by 105.7% during the fourth quarter. Blue Trust Inc. now owns 11,270 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 5,791 shares during the period. Asset Planning Inc purchased a new position in Main Street Capital in the 4th quarter valued at $29,000. MGB Wealth Management LLC increased its stake in Main Street Capital by 10.5% in the 4th quarter. MGB Wealth Management LLC now owns 47,359 shares of the financial services provider’s stock valued at $2,772,000 after buying an additional 4,500 shares during the period. Finally, Van ECK Associates Corp raised 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 worth $75,469,000 after buying an additional 92,833 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Up 1.0 %

Shares of MAIN stock opened at $61.51 on Friday. Main Street Capital Co. has a 1-year low of $44.57 and a 1-year high of $62.19. 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 business’s fifty day moving average price is $58.74 and its 200 day moving average price is $53.64. The firm has a market capitalization of $5.42 billion, a PE ratio of 11.14 and a beta of 1.28.

Analyst Upgrades and Downgrades

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