Main Street Capital Corporation (MAIN) : Muzinich scooped up 37,183 additional shares in Main Street Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 354,280 shares of Main Street Capital Corporation which is valued at $11,163,363.Main Street Capital Corporation makes up approximately 4.90% of Muzinich’s portfolio.
Main Street Capital Corporation closed down -0.04 points or -0.13% at $31.47 with 3,79,726 shares getting traded on Monday. Post opening the session at $31.64, the shares hit an intraday low of $31.33 and an intraday high of $32.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Wunderlich Securities sold out all of its stake in MAIN during the most recent quarter. The investment firm sold 17,477 shares of MAIN which is valued $550,700.Creative Planning reduced its stake in MAIN by selling 4,904 shares or 25.88% in the most recent quarter. The Hedge Fund company now holds 14,043 shares of MAIN which is valued at $434,912.
On the company’s financial health, Main Street Capital Corporation reported $0.57 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $0.57. The company had revenue of $43.50 million for the quarter, compared to analysts expectations of $44.51 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
Many Wall Street Analysts have commented on Main Street Capital Corporation. Company shares were Reiterated by FBR Capital on Mar 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .Shares were Reiterated by Wunderlich on Feb 29, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $38 .
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).