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

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp boosted its stake in Main Street Capital by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock valued at $75,469,000 after acquiring an additional 92,833 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted 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 purchasing an additional 6,297 shares in the last quarter. Paradiem LLC boosted its position in shares of Main Street Capital by 0.3% during the fourth quarter. Paradiem LLC now owns 280,593 shares of the financial services provider’s stock worth $16,437,000 after purchasing an additional 732 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Main Street Capital by 5.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,517 shares of the financial services provider’s stock worth $12,918,000 after purchasing an additional 10,593 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Main Street Capital by 19.3% during the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock worth $11,119,000 after purchasing an additional 35,227 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

Main Street Capital Trading Down 0.7 %

Shares of NYSE MAIN opened at $62.27 on Friday. The company’s fifty day moving average is $59.57 and its 200-day moving average is $54.18. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 11.28 and a beta of 1.28. Main Street Capital Co. has a twelve month low of $44.88 and a twelve month high of $63.32. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted 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 report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.80.

Main Street Capital Company 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.