Macquarie Group Ltd. Acquires 31,776 Shares of Main Street Capital Corporation (MAIN)

Macquarie Group Ltd. boosted its position in Main Street Capital Corporation (NYSE:MAIN) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,670 shares of the financial services provider’s stock after purchasing an additional 31,776 shares during the period. Macquarie Group Ltd. owned about 1.81% of Main Street Capital Corporation worth $39,601,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. increased its stake in Main Street Capital Corporation by 0.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 14,100 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 55 shares in the last quarter. Archford Capital Strategies LLC increased its stake in Main Street Capital Corporation by 0.8% in the 1st quarter. Archford Capital Strategies LLC now owns 38,019 shares of the financial services provider’s stock valued at $1,459,000 after purchasing an additional 303 shares in the last quarter. Capital Investment Advisors LLC increased its position in Main Street Capital Corporation by 1.2% during the second quarter. Capital Investment Advisors LLC now owns 28,395 shares of the financial services provider’s stock worth $1,092,000 after buying an additional 350 shares in the last quarter. Homrich & Berg increased its position in Main Street Capital Corporation by 1.0% during the second quarter. Homrich & Berg now owns 37,432 shares of the financial services provider’s stock worth $1,440,000 after buying an additional 363 shares in the last quarter. Finally, Barnett & Company Inc. increased its position in Main Street Capital Corporation by 0.8% during the second quarter. Barnett & Company Inc. now owns 52,287 shares of the financial services provider’s stock worth $2,011,000 after buying an additional 400 shares in the last quarter. 26.33% of the stock is owned by hedge funds and other institutional investors.

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Main Street Capital Corporation (NYSE:MAIN) opened at 40.1625 on Tuesday. The company has a 50-day moving average price of $39.67 and a 200-day moving average price of $39.10. Main Street Capital Corporation has a one year low of $32.12 and a one year high of $40.86. The firm has a market cap of $2.28 billion, a PE ratio of 13.1940 and a beta of 1.00.

Main Street Capital Corporation (NYSE:MAIN) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $50.30 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Equities analysts predict that Main Street Capital Corporation will post $2.30 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend is Monday, November 20th. Main Street Capital Corporation’s payout ratio is 74.75%.

Several equities analysts have weighed in on MAIN shares. National Securities reissued a “sell” rating and set a $33.00 price target on shares of Main Street Capital Corporation in a research report on Tuesday, August 8th. BidaskClub downgraded Main Street Capital Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded Main Street Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine upgraded Main Street Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $38.98.

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.

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

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