Main Street Capital Corporation (MAIN) : Texan Capital Management reduced its stake in Main Street Capital Corporation by 5.73% during the most recent quarter end. The investment management company now holds a total of 188,161 shares of Main Street Capital Corporation which is valued at $6 Million after selling 11,436 shares in Main Street Capital Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Main Street Capital Corporation makes up approximately 2.73% of Texan Capital Management’s portfolio.
Other Hedge Funds, Including , Sumitomo Mitsui Asset Management Company Ltd reduced its stake in MAIN by selling 4,416 shares or 15.27% in the most recent quarter. The Hedge Fund company now holds 24,494 shares of MAIN which is valued at $777,929. Main Street Capital Corporation makes up approx 0.02% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Penserra Capital Management reduced its stake in MAIN by selling 28 shares or 5.34% in the most recent quarter. The Hedge Fund company now holds 496 shares of MAIN which is valued at $15,753. Ausdal Financial Partners sold out all of its stake in MAIN during the most recent quarter. The investment firm sold 3,063 shares of MAIN which is valued $96,454.Cypress Asset Management Inctx reduced its stake in MAIN by selling 1,725 shares or 8.52% in the most recent quarter. The Hedge Fund company now holds 18,525 shares of MAIN which is valued at $583,352. Main Street Capital Corporation makes up approx 0.12% of Cypress Asset Management Inctx’s portfolio. Partnervest Advisory Services added MAIN to its portfolio by purchasing 27,657 company shares during the most recent quarter which is valued at $870,919. Main Street Capital Corporation makes up approx 0.49% of Partnervest Advisory Services’s portfolio.
Main Street Capital Corporation opened for trading at $31.93 and hit $32.0683 on the upside on Monday, eventually ending the session at $32.05, with a gain of 0.91% or 0.29 points. The heightened volatility saw the trading volume jump to 2,56,080 shares. Company has a market cap of $1,642 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 May 5, 2016. Analyst had a consensus estimate of $0.54.Analysts expectations of $ 42.74.During the same quarter in the previous year, the company posted $0.54 EPS.
Investors should note that on May 4, 2016, Main Street Capital Corporation announced a cash dividend of $0.1800. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.
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).