Main Street Capital Corporation (MAIN) : Friedberg Investment Management reduced its stake in Main Street Capital Corporation by 1.7% during the most recent quarter end. The investment management company now holds a total of 164,877 shares of Main Street Capital Corporation which is valued at $5,663,525 after selling 2,854 shares in Main Street Capital Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Main Street Capital Corporation makes up approximately 2.61% of Friedberg Investment Management’s portfolio.
Other Hedge Funds, Including , Cetera Advisor Networks reduced its stake in MAIN by selling 4,857 shares or 36.7% in the most recent quarter. The Hedge Fund company now holds 8,377 shares of MAIN which is valued at $287,750. Main Street Capital Corporation makes up approx 0.02% of Cetera Advisor Networks’s portfolio.Wall Street Access Asset Management reduced its stake in MAIN by selling 850 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 127,056 shares of MAIN which is valued at $4,305,928. Main Street Capital Corporation makes up approx 2.52% of Wall Street Access Asset Management’s portfolio. Whittier Trust Co added MAIN to its portfolio by purchasing 917 company shares during the most recent quarter which is valued at $30,674.Sanders Morris Harris reduced its stake in MAIN by selling 279,422 shares or 11.67% in the most recent quarter. The Hedge Fund company now holds 2,115,340 shares of MAIN which is valued at $70,377,362. Main Street Capital Corporation makes up approx 17.76% of Sanders Morris Harris’s portfolio.
Main Street Capital Corporation closed down -0.06 points or -0.18% at $34.18 with 2,32,524 shares getting traded on Friday. Post opening the session at $34.24, the shares hit an intraday low of $33.9 and an intraday high of $34.32 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.
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 Companys 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. MSCCs 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).