HL Financial Services LLC cut its stake in shares of Main Street Capital Corporation (NYSE:MAIN) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,252 shares of the financial services provider’s stock after selling 214 shares during the period. HL Financial Services LLC’s holdings in Main Street Capital Corporation were worth $1,356,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in Main Street Capital Corporation by 18.1% in the second quarter. IFP Advisors Inc now owns 14,883 shares of the financial services provider’s stock valued at $572,000 after buying an additional 2,285 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Main Street Capital Corporation by 19.0% in the second quarter. Stratos Wealth Partners LTD. now owns 75,234 shares of the financial services provider’s stock valued at $2,894,000 after buying an additional 12,011 shares during the last quarter. Barnett & Company Inc. increased its stake in shares of Main Street Capital Corporation by 0.8% in the second quarter. Barnett & Company Inc. now owns 52,287 shares of the financial services provider’s stock valued at $2,011,000 after buying an additional 400 shares in the last quarter. Sequent Asset Management LLC increased its stake in shares of Main Street Capital Corporation by 1.7% in the second quarter. Sequent Asset Management LLC now owns 29,837 shares of the financial services provider’s stock valued at $1,148,000 after buying an additional 487 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its stake in shares of Main Street Capital Corporation by 126.6% in the second quarter. Eagle Global Advisors LLC now owns 12,529 shares of the financial services provider’s stock valued at $482,000 after buying an additional 7,000 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Shares of Main Street Capital Corporation (MAIN) opened at 39.89 on Friday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 13.10 and a beta of 1.04. The company’s 50 day moving average price is $38.85 and its 200 day moving average price is $38.19. Main Street Capital Corporation has a one year low of $32.12 and a one year high of $40.86.

Main Street Capital Corporation (NYSE:MAIN) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $50.30 million during the quarter, compared to the consensus estimate of $47.82 million. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. On average, analysts expect that Main Street Capital Corporation will post $2.28 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 paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.28 dividend on an annualized basis and a yield of 5.72%. Main Street Capital Corporation’s payout ratio is currently 72.79%.

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Several equities research analysts recently weighed in on MAIN shares. Vetr downgraded Main Street Capital Corporation from a “buy” rating to a “hold” rating and set a $40.90 price target for the company. in a report on Monday, April 24th. Zacks Investment Research downgraded Main Street Capital Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. FBR & Co reaffirmed a “hold” rating and set a $38.00 price target on shares of Main Street Capital Corporation in a report on Monday, May 8th. Citigroup Inc. downgraded 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. Finally, National Securities reaffirmed a “sell” rating and set a $33.00 price target on shares of Main Street Capital Corporation in a report on Wednesday, May 10th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price 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.

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

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