Wells Fargo & Company MN decreased its position in shares of Main Street Capital Corporation (NYSE:MAIN) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,153 shares of the financial services provider’s stock after selling 6,971 shares during the period. Wells Fargo & Company MN owned 0.17% of Main Street Capital Corporation worth $3,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE increased its holdings in shares of Main Street Capital Corporation by 20.7% in the first quarter. US Bancorp DE now owns 3,207 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 549 shares during the period. V Wealth Management LLC acquired a new position in shares of Main Street Capital Corporation in the second quarter valued at approximately $139,000. Global X Management Co. LLC increased its holdings in shares of Main Street Capital Corporation by 49.7% in the first quarter. Global X Management Co. LLC now owns 3,657 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 1,214 shares during the period. Green Square Capital LLC acquired a new position in shares of Main Street Capital Corporation in the first quarter valued at approximately $204,000. Finally, Aperio Group LLC acquired a new position in shares of Main Street Capital Corporation in the second quarter valued at approximately $204,000. 26.33% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on MAIN. BidaskClub raised Main Street Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research raised Main Street Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, National Securities reissued a “sell” rating and issued a $33.00 target price on shares of Main Street Capital Corporation in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.98.

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Main Street Capital Corporation (MAIN) opened at 40.17 on Tuesday. Main Street Capital Corporation has a one year low of $32.12 and a one year high of $40.86. The company’s 50-day moving average price is $39.67 and its 200-day moving average price is $39.10. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 13.20 and a beta of 1.00.

Main Street Capital Corporation (NYSE:MAIN) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. The firm had revenue of $50.30 million for the quarter, compared to analysts’ expectations of $47.82 million. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. On average, analysts anticipate that Main Street Capital Corporation will post $2.30 EPS for the current year.

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

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.

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

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