Trinity Legacy Partners LLC Has $12.02 Million Position in Main Street Capital Co. (NYSE:MAIN)

Trinity Legacy Partners LLC lifted its stake in Main Street Capital Co. (NYSE:MAIN) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,212 shares of the financial services provider’s stock after buying an additional 321 shares during the period. Main Street Capital comprises approximately 3.1% of Trinity Legacy Partners LLC’s holdings, making the stock its 7th largest holding. Trinity Legacy Partners LLC owned approximately 0.23% of Main Street Capital worth $12,021,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Benjamin Edwards Inc. lifted its holdings in shares of Main Street Capital by 971.3% during the third quarter. Benjamin Edwards Inc. now owns 141,165 shares of the financial services provider’s stock valued at $7,078,000 after acquiring an additional 127,988 shares during the period. Joel Isaacson & Co. LLC raised its position in Main Street Capital by 3,098.3% in 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 purchasing an additional 123,994 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Main Street Capital by 7,077.4% during the third quarter. International Assets Investment Management LLC now owns 112,182 shares of the financial services provider’s stock worth $5,625,000 after purchasing an additional 110,619 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of 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 buying an additional 92,833 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Main Street Capital in the fourth quarter valued at about $2,626,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Main Street Capital Stock Down 0.5 %

Shares of NYSE:MAIN opened at $62.77 on Friday. The company has a 50 day moving average of $59.43 and a 200-day moving average of $54.04. Main Street Capital Co. has a one year low of $44.67 and a one year high of $63.25. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 11.37 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price objective on shares of 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.