Concurrent Investment Advisors LLC Sells 1,561 Shares of Main Street Capital Co. (NYSE:MAIN)

Concurrent Investment Advisors LLC lessened its stake in Main Street Capital Co. (NYSE:MAIN) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,083 shares of the financial services provider’s stock after selling 1,561 shares during the period. Concurrent Investment Advisors LLC’s holdings in Main Street Capital were worth $1,001,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Widmann Financial Services Inc. raised its position in Main Street Capital by 0.9% in the third quarter. Widmann Financial Services Inc. now owns 22,990 shares of the financial services provider’s stock worth $1,153,000 after purchasing an additional 202 shares in the last quarter. IHT Wealth Management LLC raised its position in Main Street Capital by 0.3% in the third quarter. IHT Wealth Management LLC now owns 63,628 shares of the financial services provider’s stock worth $3,190,000 after purchasing an additional 218 shares in the last quarter. PFG Investments LLC raised its position in Main Street Capital by 1.6% in the fourth quarter. PFG Investments LLC now owns 13,642 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 219 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Main Street Capital by 7.0% during the third quarter. Sunbelt Securities Inc. now owns 3,509 shares of the financial services provider’s stock worth $176,000 after buying an additional 229 shares in the last quarter. Finally, CAP Partners LLC increased its holdings in shares of Main Street Capital by 6.4% during the third quarter. CAP Partners LLC now owns 4,290 shares of the financial services provider’s stock worth $215,000 after buying an additional 258 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Price Performance

MAIN opened at $62.27 on Friday. Main Street Capital Co. has a one year low of $44.88 and a one year high of $63.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company’s 50 day simple moving average is $59.57 and its 200-day simple moving average is $54.18. The stock has a market capitalization of $5.49 billion, a P/E ratio of 11.28 and a beta of 1.28.

Analyst Ratings Changes

Separately, B. Riley raised their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report 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, the stock currently has an average rating of “Hold” and a consensus 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.