Parkside Financial Bank & Trust boosted its stake in Main Street Capital Co. (NYSE:MAIN) by 300,000.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,001 shares of the financial services provider’s stock after acquiring an additional 3,000 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Main Street Capital were worth $123,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC purchased a new position in Main Street Capital in the 1st quarter valued at $28,000. Marshall Wace North America L.P. purchased a new position in Main Street Capital in the 1st quarter valued at $30,000. Bartlett & Co. LLC purchased a new position in Main Street Capital in the 2nd quarter valued at $41,000. Heritage Wealth Advisors lifted its holdings in Main Street Capital by 11.1% in the 1st quarter. Heritage Wealth Advisors now owns 3,334 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 334 shares in the last quarter. Finally, Stelac Advisory Services LLC purchased a new position in Main Street Capital in the 2nd quarter valued at $138,000. 21.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE MAIN traded down $0.05 during trading on Friday, hitting $43.56. 24,530 shares of the company were exchanged, compared to its average volume of 273,666. Main Street Capital Co. has a 12-month low of $31.95 and a 12-month high of $43.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.15 and a current ratio of 0.15. The company has a fifty day moving average price of $42.15 and a 200-day moving average price of $39.85. The firm has a market capitalization of $2.76 billion, a PE ratio of 16.75 and a beta of 0.85.
A number of brokerages have weighed in on MAIN. National Securities restated a “neutral” rating and issued a $38.00 price objective on shares of Main Street Capital in a report on Monday, May 13th. Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, B. Riley set a $43.00 price target on Main Street Capital and gave the stock a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Main Street Capital currently has a consensus rating of “Hold” and an average target price of $40.80.
Main Street Capital Profile
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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