Trinity Legacy Partners LLC Grows Stock Position in Main Street Capital Co. (NYSE:MAIN)

Trinity Legacy Partners LLC increased its holdings in shares of Main Street Capital Co. (NYSE:MAIN) by 0.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 205,212 shares of the financial services provider’s stock after purchasing an additional 321 shares during the quarter. Main Street Capital makes up 3.1% of Trinity Legacy Partners LLC’s holdings, making the stock its 7th largest holding. Trinity Legacy Partners LLC’s holdings in Main Street Capital were worth $12,021,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Wealthstar Advisors LLC acquired a new stake in shares of Main Street Capital during the fourth quarter worth $1,326,000. Franklin Resources Inc. raised its position in 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 buying an additional 35,227 shares during the last quarter. Segment Wealth Management LLC lifted its stake in 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 acquiring an additional 6,856 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position 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 acquiring an additional 18,059 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of 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 acquiring an additional 13,177 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Main Street Capital Stock Performance

Shares of MAIN stock opened at $62.77 on Friday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 11.37 and a beta of 1.28. 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 $44.67 and a 52 week high of $63.25. The company has a 50-day simple moving average of $59.43 and a 200 day simple moving average of $54.04.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price objective 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.