Van ECK Associates Corp Boosts Holdings in Main Street Capital Co. (NYSE:MAIN)

Van ECK Associates Corp boosted its position in Main Street Capital Co. (NYSE:MAIN) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,288,309 shares of the financial services provider’s stock after purchasing an additional 92,833 shares during the quarter. Van ECK Associates Corp owned about 1.46% of Main Street Capital worth $75,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MAIN. Godsey & Gibb Inc. purchased a new stake in Main Street Capital in the 3rd quarter worth approximately $28,000. Truvestments Capital LLC purchased a new stake in shares of Main Street Capital during the 3rd quarter valued at $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Main Street Capital during the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Main Street Capital during the 3rd quarter valued at $50,000. Finally, AdvisorNet Financial Inc raised its position in shares of Main Street Capital by 145.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock valued at $72,000 after buying an additional 729 shares in the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

MAIN stock opened at $60.88 on Friday. 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 Co. has a 52 week low of $44.34 and a 52 week high of $62.19. The firm’s fifty day moving average is $58.64 and its 200 day moving average is $53.59. The firm has a market cap of $5.37 billion, a P/E ratio of 11.03 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price objective 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.80.

Main Street Capital 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.