Main Street Capital Corporation (MAIN) Shares Bought by Creative Planning

Creative Planning raised its position in Main Street Capital Corporation (NYSE:MAIN) by 19.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,595 shares of the financial services provider’s stock after buying an additional 2,877 shares during the period. Creative Planning’s holdings in Main Street Capital Corporation were worth $677,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MAIN. Northwestern Mutual Wealth Management Co. acquired a new stake in Main Street Capital Corporation during the first quarter worth approximately $101,000. US Bancorp DE raised its stake in Main Street Capital Corporation by 20.7% in the first quarter. US Bancorp DE now owns 3,207 shares of the financial services provider’s stock worth $123,000 after buying an additional 549 shares in the last quarter. Global X Management Co. LLC raised its stake in Main Street Capital Corporation by 49.7% in the first quarter. Global X Management Co. LLC now owns 3,657 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,214 shares in the last quarter. Green Square Capital LLC acquired a new stake in Main Street Capital Corporation during the first quarter worth approximately $204,000. Finally, Verity Asset Management Inc. purchased a new position in shares of Main Street Capital Corporation during the first quarter valued at about $245,000. 26.31% of the stock is owned by hedge funds and other institutional investors.

Main Street Capital Corporation (MAIN) traded down 0.76% during midday trading on Friday, reaching $39.28. 222,933 shares of the company traded hands. Main Street Capital Corporation has a 12-month low of $32.12 and a 12-month high of $40.86. The stock has a market capitalization of $2.23 billion, a P/E ratio of 12.90 and a beta of 1.04. The company has a 50 day moving average of $39.04 and a 200-day moving average of $38.36.

Main Street Capital Corporation (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The company had revenue of $50.30 million for the quarter, compared to the consensus estimate of $47.82 million. Main Street Capital Corporation had a net margin of 86.36% and a return on equity of 10.24%. Main Street Capital Corporation’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Equities analysts anticipate that Main Street Capital Corporation will post $2.30 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Monday, November 20th. Main Street Capital Corporation’s dividend payout ratio is currently 72.79%.

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Several equities analysts have recently issued reports on MAIN shares. Zacks Investment Research lowered shares of Main Street Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Citigroup Inc. lowered shares of Main Street Capital Corporation from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 10th. They noted that the move was a valuation call. National Securities reissued a “sell” rating and issued a $33.00 price target on shares of Main Street Capital Corporation in a report on Wednesday, May 10th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Main Street Capital Corporation in a report on Wednesday, May 10th. Finally, FBR & Co reissued a “hold” rating and issued a $38.00 price target on shares of Main Street Capital Corporation in a report on Monday, May 8th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.98.

Main Street Capital Corporation Company 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.

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

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