Main Street Capital Co. (NYSE:MAIN) Stake Boosted by Focus Financial Network Inc.

Focus Financial Network Inc. raised its position in shares of Main Street Capital Co. (NYSE:MAIN) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,131 shares of the financial services provider’s stock after buying an additional 2,869 shares during the quarter. Focus Financial Network Inc.’s holdings in Main Street Capital were worth $1,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAIN. Godsey & Gibb Inc. acquired a new position in Main Street Capital during the third quarter valued at $28,000. Truvestments Capital LLC acquired a new position in shares of Main Street Capital in the 3rd quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital during the third quarter worth approximately $50,000. Wilmington Savings Fund Society FSB purchased a new position in Main Street Capital during the third quarter valued at approximately $50,000. Finally, AdvisorNet Financial Inc increased its stake in Main Street Capital by 145.8% in 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 during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $60.36 on Wednesday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 10.93 and a beta of 1.28. The business has a 50-day moving average of $58.43 and a two-hundred day moving average of $53.48. Main Street Capital Co. has a fifty-two week low of $43.90 and a fifty-two week 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.

Analyst Ratings Changes

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 research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Main Street Capital has a consensus rating of “Hold” and an average price target of $48.80.

About Main Street Capital

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.