Main Street Capital Co. (NYSE:MAIN) Shares Acquired by Hourglass Capital LLC

Hourglass Capital LLC increased its stake in Main Street Capital Co. (NYSE:MAIN) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,116 shares of the financial services provider’s stock after acquiring an additional 500 shares during the quarter. Main Street Capital makes up about 2.0% of Hourglass Capital LLC’s portfolio, making the stock its 17th biggest holding. Hourglass Capital LLC owned 0.14% of Main Street Capital worth $7,154,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in Main Street Capital by 7.8% during the fourth quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock worth $75,469,000 after buying an additional 92,833 shares during the period. Adell Harriman & Carpenter Inc. grew its position in shares of Main Street Capital by 1.5% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider’s stock worth $24,929,000 after buying an additional 6,297 shares in the last quarter. Paradiem LLC raised its holdings in shares of Main Street Capital by 0.3% in the 4th quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock valued at $16,437,000 after purchasing an additional 732 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Main Street Capital by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,517 shares of the financial services provider’s stock worth $12,918,000 after buying an additional 10,593 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Main Street Capital by 19.3% in the third 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 in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley increased 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Main Street Capital presently has an average rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Stock Up 1.0 %

Shares of NYSE MAIN opened at $61.51 on Friday. The stock has a market capitalization of $5.42 billion, a PE ratio of 11.14 and a beta of 1.28. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $58.87 and a 200-day moving average of $53.73. Main Street Capital Co. has a 52-week low of $44.57 and a 52-week high of $62.19.

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.