Main Street Capital Co. (NYSE:MAIN) Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its position in Main Street Capital Co. (NYSE:MAIN) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 425,552 shares of the financial services provider’s stock after purchasing an additional 6,297 shares during the period. Main Street Capital makes up 1.7% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 16th largest position. Adell Harriman & Carpenter Inc. owned approximately 0.48% of Main Street Capital worth $24,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its position in Main Street Capital by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider’s stock worth $75,469,000 after purchasing an additional 92,833 shares during the period. Paradiem LLC grew its holdings in 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 acquiring an additional 732 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in 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 acquiring an additional 10,593 shares during the period. Franklin Resources Inc. lifted 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 acquiring an additional 35,227 shares during the period. Finally, Muzinich & Co. Inc. lifted its holdings in Main Street Capital by 9.3% in the third quarter. Muzinich & Co. Inc. now owns 212,384 shares of the financial services provider’s stock valued at $10,649,000 after acquiring an additional 18,059 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Stock Performance

NYSE MAIN opened at $61.51 on Friday. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 11.14 and a beta of 1.28. The stock has a 50-day moving average of $58.74 and a 200 day moving average of $53.64. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a twelve month low of $44.57 and a twelve month high of $62.19.

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.