Legacy Capital Wealth Partners LLC Sells 37,049 Shares of Main Street Capital Co. (NYSE:MAIN)

Legacy Capital Wealth Partners LLC lessened its position in shares of Main Street Capital Co. (NYSE:MAIN) by 53.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 32,018 shares of the financial services provider’s stock after selling 37,049 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Main Street Capital were worth $1,876,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MAIN. Benjamin Edwards Inc. increased its holdings in Main Street Capital by 971.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock worth $7,078,000 after purchasing an additional 127,988 shares in the last quarter. Joel Isaacson & Co. LLC increased its holdings in Main Street Capital by 3,098.3% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider’s stock worth $6,418,000 after purchasing an additional 123,994 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Main Street Capital by 7,077.4% during the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock worth $5,625,000 after purchasing an additional 110,619 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Main Street Capital by 7.8% in 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 acquiring an additional 92,833 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Main Street Capital in the 4th quarter valued at about $2,626,000. Institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

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 report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Main Street Capital presently has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Price Performance

Shares of NYSE MAIN opened at $61.51 on Friday. Main Street Capital Co. has a fifty-two week low of $44.57 and a fifty-two week high of $62.19. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 11.14 and a beta of 1.28. The business has a 50-day moving average of $58.87 and a 200-day moving average 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.

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.