Archford Capital Strategies buys $1,291,526 stake in Main Street Capital Corporation (MAIN)

Main Street Capital Corporation (MAIN) : Archford Capital Strategies scooped up 5,375 additional shares in Main Street Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 37,599 shares of Main Street Capital Corporation which is valued at $1,291,526.Main Street Capital Corporation makes up approximately 0.66% of Archford Capital Strategies’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in MAIN in the latest quarter, The investment management firm added 1,720 additional shares and now holds a total of 989,472 shares of Main Street Capital Corporation which is valued at $33,988,363. Main Street Capital Corporation makes up approx 0.01% of Price T Rowe Associates Inc Md’s portfolio.Janney Montgomery Scott boosted its stake in MAIN in the latest quarter, The investment management firm added 2,340 additional shares and now holds a total of 11,671 shares of Main Street Capital Corporation which is valued at $396,464. Main Street Capital Corporation makes up approx 0.01% of Janney Montgomery Scott’s portfolio.Bb&t Securities boosted its stake in MAIN in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 16,062 shares of Main Street Capital Corporation which is valued at $545,626. Main Street Capital Corporation makes up approx 0.01% of Bb&t Securities’s portfolio.Cambridge Investment Research Advisors boosted its stake in MAIN in the latest quarter, The investment management firm added 356 additional shares and now holds a total of 66,543 shares of Main Street Capital Corporation which is valued at $2,260,466. Main Street Capital Corporation makes up approx 0.05% of Cambridge Investment Research Advisors’s portfolio.California Public Employees Retirement System boosted its stake in MAIN in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 99,600 shares of Main Street Capital Corporation which is valued at $3,375,444. Main Street Capital Corporation makes up approx 0.01% of California Public Employees Retirement System’s portfolio.

Main Street Capital Corporation closed down -0.08 points or -0.23% at $34.28 with 2,93,120 shares getting traded on Thursday. Post opening the session at $34.36, the shares hit an intraday low of $33.95 and an intraday high of $34.395 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Main Street Capital Corporation reported $0.54 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $42.90 million for the quarter, compared to analysts expectations of $43.39 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Investors should note that on Aug 3, 2016, Main Street Capital Corporation announced a cash dividend of $0.1850. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 14, 2016.

Many Wall Street Analysts have commented on Main Street Capital Corporation. Company shares were Reiterated by RBC Capital Mkts on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by FBR Capital on Aug 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 37 from a previous price target of $35 .Company shares were Reiterated by Wunderlich on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 37 from a previous price target of $34 .

Main Street Capital Corporation (MSCC) is a principal investment firm which provides customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts recapitalizations growth financings refinancings and acquisitions of companies that operate in various industry sectors. MSCC invests primarily in secured debt investments equity investments warrants and other securities of LMM companies based in the United States and in secured debt investments of Middle Market companies generally headquartered in the United States. MSCC’s investment portfolio includes its investments in LMM portfolio companies investments in Middle Market portfolio companies Private Loan portfolio investments Other Portfolio investments and the investment in MSC Adviser I LLC (the External Investment Manager).

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