Mirae Asset Global Investments Co. Ltd. Buys Shares of 5,505 Main Street Capital Co. (NYSE:MAIN)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Main Street Capital Co. (NYSE:MAIN) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,505 shares of the financial services provider’s stock, valued at approximately $319,000.

Several other institutional investors have also modified their holdings of MAIN. Godsey & Gibb Inc. bought a new position in shares of Main Street Capital in the third quarter worth $28,000. Truvestments Capital LLC bought a new position in Main Street Capital in the 3rd quarter valued at about $39,000. Prospera Private Wealth LLC bought a new position in Main Street Capital in the 3rd quarter valued at about $50,000. Wilmington Savings Fund Society FSB acquired a new position in Main Street Capital during the 3rd quarter valued at about $50,000. Finally, AdvisorNet Financial Inc raised its position in shares of Main Street Capital by 145.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after buying an additional 729 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their target price on 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Main Street Capital currently has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Stock Performance

MAIN opened at $60.88 on Friday. 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 firm has a market cap of $5.37 billion, a PE ratio of 11.03 and a beta of 1.28. The business has a fifty day simple moving average of $58.64 and a 200-day simple moving average of $53.59. Main Street Capital Co. has a fifty-two week low of $44.34 and a fifty-two week high of $62.19.

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.