Asset Planning Inc Buys Shares of 500 Main Street Capital Co. (NYSE:MAIN)

Asset Planning Inc bought a new stake in shares of Main Street Capital Co. (NYSE:MAIN) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 500 shares of the financial services provider’s stock, valued at approximately $29,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Godsey & Gibb Inc. acquired a new stake in shares of Main Street Capital during the 3rd quarter worth about $28,000. Truvestments Capital LLC acquired a new stake in shares of Main Street Capital during the 3rd quarter worth about $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital during the 3rd quarter worth about $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Main Street Capital during the 3rd quarter worth about $50,000. Finally, AdvisorNet Financial Inc boosted its stake 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 worth $72,000 after purchasing an additional 729 shares during the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Price Performance

MAIN opened at $61.51 on Friday. The company’s 50 day simple moving average is $58.74 and its 200 day simple moving average is $53.64. 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 1 year low of $44.57 and a 1 year high of $62.19. The stock has a market capitalization of $5.42 billion, a PE ratio of 11.14 and a beta of 1.28.

Analysts Set New Price Targets

Separately, B. Riley raised their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Main Street Capital currently has an average rating of “Hold” and an average price target 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.