Callahan Advisors LLC Acquires 558 Shares of Main Street Capital Co. (NYSE:MAIN)

Callahan Advisors LLC lifted its position in shares of Main Street Capital Co. (NYSE:MAIN) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,692 shares of the financial services provider’s stock after acquiring an additional 558 shares during the quarter. Callahan Advisors LLC’s holdings in Main Street Capital were worth $978,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealthstar Advisors LLC acquired a new stake in shares of Main Street Capital during the 4th quarter valued at $1,326,000. Franklin Resources Inc. boosted its holdings in shares of 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 acquiring an additional 35,227 shares in the last quarter. Segment Wealth Management LLC lifted its holdings in Main Street Capital by 15.8% during the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock worth $2,951,000 after buying an additional 6,856 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Main Street Capital by 9.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock worth $10,526,000 after buying an additional 18,059 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Main Street Capital by 188.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock worth $1,012,000 after buying an additional 13,177 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Performance

MAIN stock opened at $61.51 on Tuesday. The stock has a 50-day moving average price of $58.99 and a 200-day moving average price of $53.82. Main Street Capital Co. has a 1-year low of $44.57 and a 1-year high of $62.19. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.42 billion, a PE ratio of 11.14 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their target price on Main Street Capital from $49.00 to $51.00 and gave the stock 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.