Legacy Capital Wealth Partners LLC Has $1.88 Million Stock Holdings in Main Street Capital Co. (NYSE:MAIN)

Legacy Capital Wealth Partners LLC decreased its position in shares of Main Street Capital Co. (NYSE:MAIN) by 53.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,018 shares of the financial services provider’s stock after selling 37,049 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Main Street Capital were worth $1,876,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wealthstar Advisors LLC acquired a new position in shares of Main Street Capital in the 4th quarter valued at $1,326,000. Franklin Resources Inc. lifted its stake in shares of Main Street Capital by 19.3% in the 3rd quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after purchasing an additional 35,227 shares during the period. Segment Wealth Management LLC lifted its stake in shares of Main Street Capital by 15.8% in the 4th quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock valued at $2,951,000 after purchasing an additional 6,856 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Main Street Capital by 9.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock valued at $10,526,000 after purchasing an additional 18,059 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Main Street Capital by 188.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 13,177 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Price Performance

MAIN opened at $61.51 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 12 month low of $44.57 and a 12 month high of $62.19. The company has a fifty day simple moving average of $58.87 and a 200 day simple moving average of $53.73. The stock has a market cap of $5.42 billion, a P/E ratio of 11.14 and a beta of 1.28.

Analyst Ratings Changes

Separately, B. Riley increased their price target on 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Main Street Capital presently 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.