J.W. Cole Advisors Inc. Acquires 1,410 Shares of Main Street Capital Co. (NYSE:MAIN)

J.W. Cole Advisors Inc. increased its holdings in Main Street Capital Co. (NYSE:MAIN) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 22,783 shares of the financial services provider’s stock after buying an additional 1,410 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Main Street Capital were worth $1,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Benjamin Edwards Inc. lifted its holdings in shares of 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 valued at $7,078,000 after buying an additional 127,988 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in Main Street Capital by 3,098.3% in the third quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider’s stock valued at $6,418,000 after acquiring an additional 123,994 shares during the period. International Assets Investment Management LLC boosted its position in Main Street Capital by 7,077.4% in the third 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 during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Main Street Capital by 7.8% in the fourth 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 in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Main Street Capital during the fourth quarter valued at $2,626,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Up 1.0 %

Shares of Main Street Capital stock opened at $61.51 on Tuesday. Main Street Capital Co. has a 52-week low of $44.57 and a 52-week high of $62.19. The firm’s 50 day moving average price is $58.99 and its 200-day moving average price is $53.82. 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 company has a market cap of $5.42 billion, a P/E ratio of 11.14 and a beta of 1.28.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price target 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company 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.