Callahan Advisors buys $360,387 stake in Main Street Capital Corporation (MAIN)

Main Street Capital Corporation (MAIN) : Callahan Advisors scooped up 2,367 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 Oct 14, 2016. The investment management firm now holds a total of 10,729 shares of Main Street Capital Corporation which is valued at $360,387.Main Street Capital Corporation makes up approximately 0.09% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Gierl Augustine Investment Management Inc boosted its stake in MAIN in the latest quarter, The investment management firm added 4,032 additional shares and now holds a total of 87,277 shares of Main Street Capital Corporation which is valued at $2,931,634. Main Street Capital Corporation makes up approx 2.76% of Gierl Augustine Investment Management Inc’s portfolio.Msi Financial Services Inc reduced its stake in MAIN by selling 17,945 shares or 26.96% in the most recent quarter. The Hedge Fund company now holds 48,623 shares of MAIN which is valued at $1,660,962. Main Street Capital Corporation makes up approx 0.06% of Msi Financial Services Inc’s portfolio.Legal General Group Plc boosted its stake in MAIN in the latest quarter, The investment management firm added 13,252 additional shares and now holds a total of 116,526 shares of Main Street Capital Corporation which is valued at $4,007,329. Cutler Group Lp added MAIN to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $3,450.

Main Street Capital Corporation closed down -0.57 points or -1.67% at $33.59 with 3,20,606 shares getting traded on Friday. Post opening the session at $34.24, the shares hit an intraday low of $33.52 and an intraday high of $34.3 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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