HighTower Advisors LLC increased its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,613 shares of the financial services provider’s stock after acquiring an additional 126 shares during the period. HighTower Advisors LLC owned about 0.18% of Main Street Capital Corporation worth $3,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAIN. Stifel Financial Corp bought a new position in Main Street Capital Corporation in the second quarter valued at approximately $231,000. Muzinich & Co. Inc. raised its position in Main Street Capital Corporation by 6.1% during the second quarter. Muzinich & Co. Inc. now owns 2,313,404 shares of the financial services provider’s stock valued at $88,974,000 after purchasing an additional 133,731 shares in the last quarter. Virtu KCG Holdings LLC raised its position in Main Street Capital Corporation by 183.4% during the second quarter. Virtu KCG Holdings LLC now owns 29,975 shares of the financial services provider’s stock valued at $1,153,000 after purchasing an additional 19,399 shares in the last quarter. Advisor Group Inc. raised its position in Main Street Capital Corporation by 2.7% during the second quarter. Advisor Group Inc. now owns 50,892 shares of the financial services provider’s stock valued at $1,874,000 after purchasing an additional 1,314 shares in the last quarter. Finally, M&T Bank Corp raised its position in Main Street Capital Corporation by 6.4% during the second quarter. M&T Bank Corp now owns 355,682 shares of the financial services provider’s stock valued at $13,680,000 after purchasing an additional 21,448 shares in the last quarter. Institutional investors and hedge funds own 26.32% of the company’s stock.

MAIN has been the subject of several recent analyst reports. ValuEngine upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded Main Street Capital Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Thursday, August 10th. Finally, National Securities reiterated a “sell” rating and issued a $33.00 price target on shares of Main Street Capital Corporation in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.98.

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Main Street Capital Corporation (NYSE:MAIN) opened at 39.97 on Wednesday. The company’s 50-day moving average is $39.58 and its 200-day moving average is $38.95. The firm has a market capitalization of $2.27 billion, a PE ratio of 13.13 and a beta of 1.00. Main Street Capital Corporation has a 52-week low of $32.12 and a 52-week high of $40.86.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be given a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Monday, November 20th. Main Street Capital Corporation’s dividend payout ratio (DPR) is 74.75%.

Main Street Capital Corporation 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.

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

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