Texan Capital Management Lowers stake in Main Street Capital Corporation (MAIN)

Main Street Capital Corporation (MAIN) : Texan Capital Management reduced its stake in Main Street Capital Corporation by 3.51% during the most recent quarter end. The investment management company now holds a total of 181,553 shares of Main Street Capital Corporation which is valued at $6,152,831 after selling 6,608 shares in Main Street Capital Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Main Street Capital Corporation makes up approximately 2.79% of Texan Capital Management’s portfolio.

Other Hedge Funds, Including , 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. Quantbot Technologies Lp sold out all of its stake in MAIN during the most recent quarter. The investment firm sold 3,263 shares of MAIN which is valued $110,583. Hudock Capital Group added MAIN to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $1,695.Confluence Investment Management boosted its stake in MAIN in the latest quarter, The investment management firm added 2,215 additional shares and now holds a total of 129,038 shares of Main Street Capital Corporation which is valued at $4,293,094. Main Street Capital Corporation makes up approx 0.12% of Confluence Investment Management’s portfolio.

Main Street Capital Corporation opened for trading at $34 and hit $34.36 on the upside on Monday, eventually ending the session at $34.13, with a gain of 0.47% or 0.16 points. The heightened volatility saw the trading volume jump to 2,49,320 shares. Company has a market cap of $1,748 M.

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 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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