Segment Wealth Management LLC grew its holdings in shares of Main Street Capital Corporation (NYSE:MAIN) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,944 shares of the financial services provider’s stock after purchasing an additional 1,330 shares during the quarter. Segment Wealth Management LLC owned approximately 0.06% of Main Street Capital Corporation worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. US Bancorp DE increased its holdings in Main Street Capital Corporation by 20.7% in the 1st quarter. US Bancorp DE now owns 3,207 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 549 shares during the last quarter. V Wealth Management LLC purchased a new stake in Main Street Capital Corporation in the 2nd quarter worth about $139,000. Global X Management Co. LLC increased its holdings in Main Street Capital Corporation by 49.7% in the 1st quarter. Global X Management Co. LLC now owns 3,657 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 1,214 shares during the last quarter. Aperio Group LLC purchased a new stake in Main Street Capital Corporation in the 2nd quarter worth about $204,000. Finally, Green Square Capital LLC purchased a new stake in Main Street Capital Corporation in the 1st quarter worth about $204,000. 26.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Main Street Capital Corporation (NYSE MAIN) traded up 0.13% on Wednesday, reaching $39.80. The company’s stock had a trading volume of 65,660 shares. Main Street Capital Corporation has a 12-month low of $32.12 and a 12-month high of $40.86. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.07 and a beta of 1.03. The company’s 50-day moving average is $39.58 and its 200 day moving average is $38.76.

Main Street Capital Corporation (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $50.30 million during the quarter, compared to analysts’ expectations of $47.82 million. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. Equities analysts anticipate that Main Street Capital Corporation will post $2.30 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Monday, November 20th. Main Street Capital Corporation’s payout ratio is 72.79%.

WARNING: “Main Street Capital Corporation (MAIN) Shares Bought by Segment Wealth Management LLC” was published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/09/20/main-street-capital-corporation-main-shares-bought-by-segment-wealth-management-llc.html.

Several brokerages recently weighed in on MAIN. ValuEngine raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered Main Street Capital Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Thursday, August 10th. Finally, National Securities reissued a “sell” rating and issued a $33.00 price objective on shares of Main Street Capital Corporation in a report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.98.

Main Street Capital Corporation Company 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.

Want to see what other hedge funds are holding MAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Main Street Capital Corporation (NYSE:MAIN).

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

Receive News & Ratings for Main Street Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.