Advisory Services Network LLC raised its stake in Main Street Capital Co. (NYSE:MAIN) by 13.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 53,912 shares of the financial services provider’s stock after purchasing an additional 6,193 shares during the quarter. Advisory Services Network LLC’s holdings in Main Street Capital were worth $2,142,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Burgundy Asset Management Ltd. increased its holdings in shares of Main Street Capital by 6.8% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,828,173 shares of the financial services provider’s stock worth $72,670,000 after buying an additional 116,075 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Main Street Capital by 7.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,105,132 shares of the financial services provider’s stock worth $43,929,000 after buying an additional 75,462 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Main Street Capital by 1.6% in the 4th quarter. M&T Bank Corp now owns 478,304 shares of the financial services provider’s stock worth $19,004,000 after buying an additional 7,687 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Main Street Capital by 5.8% in the 3rd quarter. Van ECK Associates Corp now owns 403,372 shares of the financial services provider’s stock worth $16,034,000 after buying an additional 21,957 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Main Street Capital by 4.9% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 177,844 shares of the financial services provider’s stock worth $7,069,000 after buying an additional 8,306 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Co. (MAIN) opened at $37.27 on Thursday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.20. Main Street Capital Co. has a twelve month low of $34.37 and a twelve month high of $41.79. The company has a market cap of $2,156.59, a price-to-earnings ratio of 16.07 and a beta of 0.94.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Raymond James Financial raised shares of Main Street Capital from an “underperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, National Securities reaffirmed a “sell” rating and set a $33.00 target price on shares of Main Street Capital in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Main Street Capital currently has an average rating of “Hold” and a consensus price target of $39.18.

ILLEGAL ACTIVITY NOTICE: This story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/02/15/main-street-capital-co-main-shares-bought-by-advisory-services-network-llc.html.

Main Street Capital Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Co. (NYSE:MAIN).

Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

Receive News & Ratings for Main Street Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital and related companies with MarketBeat.com's FREE daily email newsletter.