Barnett & Company Inc. increased its stake in shares of Main Street Capital Corporation (NYSE:MAIN) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 52,287 shares of the financial services provider’s stock after buying an additional 400 shares during the period. Barnett & Company Inc.’s holdings in Main Street Capital Corporation were worth $2,011,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Muzinich & Co. Inc. boosted its position in Main Street Capital Corporation by 83.4% in the first quarter. Muzinich & Co. Inc. now owns 2,179,673 shares of the financial services provider’s stock valued at $83,416,000 after buying an additional 991,007 shares in the last quarter. M&T Bank Corp bought a new position in Main Street Capital Corporation during the first quarter valued at $12,791,000. UBS Group AG boosted its position in Main Street Capital Corporation by 90.7% in the first quarter. UBS Group AG now owns 663,492 shares of the financial services provider’s stock valued at $25,392,000 after buying an additional 315,622 shares in the last quarter. Blair William & Co. IL bought a new position in Main Street Capital Corporation during the first quarter valued at $4,257,000. Finally, California Public Employees Retirement System boosted its position in Main Street Capital Corporation by 746.5% in the first quarter. California Public Employees Retirement System now owns 107,500 shares of the financial services provider’s stock valued at $4,114,000 after buying an additional 94,800 shares in the last quarter. 26.32% of the stock is currently owned by hedge funds and other institutional investors.

Main Street Capital Corporation (NYSE:MAIN) opened at 39.25 on Friday. The company has a market capitalization of $2.19 billion, a PE ratio of 13.59 and a beta of 1.04. Main Street Capital Corporation has a one year low of $32.12 and a one year high of $40.86. The stock’s 50 day moving average is $38.65 and its 200 day moving average is $38.07.

Main Street Capital Corporation (NYSE:MAIN) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The company had revenue of $50.30 million for the quarter, compared to analysts’ expectations of $47.82 million. Main Street Capital Corporation had a net margin of 86.36% and a return on equity of 10.43%. Main Street Capital Corporation’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. On average, analysts anticipate that Main Street Capital Corporation will post $2.24 earnings per share for the current fiscal year.

The firm also recently declared 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Monday, November 20th. Main Street Capital Corporation’s payout ratio is currently 72.79%.

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Several research analysts have weighed in on MAIN shares. Zacks Investment Research cut shares of Main Street Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Vetr raised shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $40.88 target price on the stock in a report on Tuesday, April 11th. Citigroup Inc. cut shares of 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. National Securities reaffirmed a “sell” rating and set a $33.00 target price on shares of Main Street Capital Corporation in a report on Wednesday, May 10th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating 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, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $38.13.

About Main Street Capital Corporation

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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