Sigma Planning Corp Boosts Stock Position in Main Street Capital Co. (NYSE:MAIN)

Sigma Planning Corp boosted its holdings in Main Street Capital Co. (NYSE:MAIN) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,706 shares of the financial services provider’s stock after purchasing an additional 4,342 shares during the period. Sigma Planning Corp’s holdings in Main Street Capital were worth $2,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Creative Planning lifted its position in shares of Main Street Capital by 37.0% during the 3rd quarter. Creative Planning now owns 73,176 shares of the financial services provider’s stock valued at $3,669,000 after buying an additional 19,777 shares during the last quarter. Raymond James & Associates lifted its position in shares of Main Street Capital by 24.3% during the 3rd quarter. Raymond James & Associates now owns 59,500 shares of the financial services provider’s stock valued at $2,983,000 after buying an additional 11,646 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Main Street Capital by 5.3% during the 3rd quarter. Private Advisor Group LLC now owns 134,225 shares of the financial services provider’s stock valued at $6,730,000 after buying an additional 6,758 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Main Street Capital by 7,077.4% during the 3rd quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock valued at $5,625,000 after buying an additional 110,619 shares during the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in shares of Main Street Capital by 3,098.3% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 127,996 shares of the financial services provider’s stock valued at $6,418,000 after buying an additional 123,994 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Main Street Capital Stock Down 0.7 %

Shares of NYSE MAIN opened at $62.27 on Friday. Main Street Capital Co. has a 52 week low of $44.88 and a 52 week high of $63.32. The business has a 50-day simple moving average of $59.57 and a two-hundred day simple moving average of $54.18. 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 company has a market cap of $5.49 billion, a P/E ratio of 11.28 and a beta of 1.28.

Analysts Set New Price Targets

Separately, B. Riley upped their price target on Main Street Capital from $49.00 to $51.00 and gave the company 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.