Van ECK Associates Corp Purchases 92,833 Shares of Main Street Capital Co. (NYSE:MAIN)

Van ECK Associates Corp boosted its position in Main Street Capital Co. (NYSE:MAIN) by 7.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,288,309 shares of the financial services provider’s stock after acquiring an additional 92,833 shares during the period. Van ECK Associates Corp’s holdings in Main Street Capital were worth $75,469,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new stake in Main Street Capital in the 3rd quarter worth $28,000. Truvestments Capital LLC bought a new stake in Main Street Capital in the 3rd quarter worth $39,000. Prospera Private Wealth LLC bought a new stake in Main Street Capital in the 3rd quarter worth $50,000. Wilmington Savings Fund Society FSB bought a new stake in Main Street Capital in the 3rd quarter worth $50,000. Finally, AdvisorNet Financial Inc grew its holdings 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 worth $72,000 after acquiring an additional 729 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Main Street Capital Trading Up 0.8 %

NYSE:MAIN opened at $60.88 on Friday. The company has a 50-day moving average price of $58.64 and a 200-day moving average price of $53.59. Main Street Capital Co. has a 12 month low of $44.34 and a 12 month high of $62.19. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 11.03 and a beta of 1.28.

Analyst Upgrades and Downgrades

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 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 MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.