Gierl Augustine Investment Management Inc increased its position in shares of Main Street Capital Corp. (NYSE:MAIN) by 4.8% during the third quarter, Holdings Channel reports. The fund owned 87,277 shares of the company’s stock after buying an additional 4,032 shares during the period. Main Street Capital Corp. comprises about 2.7% of Gierl Augustine Investment Management Inc’s holdings, making the stock its 16th largest position. Gierl Augustine Investment Management Inc’s holdings in Main Street Capital Corp. were worth $2,996,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Callahan Advisors LLC raised its stake in Main Street Capital Corp. by 28.3% in the third quarter. Callahan Advisors LLC now owns 10,729 shares of the company’s stock valued at $368,000 after buying an additional 2,367 shares during the last quarter. Creative Planning raised its stake in Main Street Capital Corp. by 2.5% in the third quarter. Creative Planning now owns 15,819 shares of the company’s stock valued at $543,000 after buying an additional 382 shares during the last quarter. Advisory Services Network LLC raised its stake in Main Street Capital Corp. by 24.8% in the third quarter. Advisory Services Network LLC now owns 23,664 shares of the company’s stock valued at $812,000 after buying an additional 4,710 shares during the last quarter. Macquarie Group Ltd. raised its stake in Main Street Capital Corp. by 2.6% in the second quarter. Macquarie Group Ltd. now owns 997,168 shares of the company’s stock valued at $32,757,000 after buying an additional 25,286 shares during the last quarter. Finally, Optimum Investment Advisors raised its stake in Main Street Capital Corp. by 1.9% in the second quarter. Optimum Investment Advisors now owns 31,605 shares of the company’s stock valued at $1,038,000 after buying an additional 600 shares during the last quarter. 26.32% of the stock is currently owned by hedge funds and other institutional investors.

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

Main Street Capital Corp. (NYSE:MAIN) traded down 0.08% on Tuesday, hitting $36.15. 321,792 shares of the stock traded hands. Main Street Capital Corp. has a 12 month low of $24.21 and a 12 month high of $36.95. The firm has a 50-day moving average price of $34.59 and a 200-day moving average price of $33.67. The company has a market capitalization of $1.92 billion, a PE ratio of 18.81 and a beta of 1.04.

The firm also recently announced a monthly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a dividend of $0.185 per share. This represents a $2.22 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Wednesday, December 28th. Main Street Capital Corp.’s dividend payout ratio (DPR) is 116.84%.

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Several research analysts have recently issued reports on MAIN shares. FBR & Co upped their target price on shares of Main Street Capital Corp. from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. Wunderlich upped their target price on shares of Main Street Capital Corp. from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. National Securities reiterated a “neutral” rating and issued a $33.00 target price on shares of Main Street Capital Corp. in a research note on Wednesday, August 10th. Royal Bank Of Canada upped their target price on shares of Main Street Capital Corp. from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research downgraded shares of Main Street Capital Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $36.29.

Main Street Capital Corp. Company Profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors.

5 Day Chart for NYSE:MAIN

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