Icon Advisers Inc. Co. Buys New Holdings in Main Street Capital Corporation (MAIN)

Icon Advisers Inc. Co. bought a new position in Main Street Capital Corporation (NYSE:MAIN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,400 shares of the financial services provider’s stock, valued at approximately $1,631,000. Icon Advisers Inc. Co. owned about 0.07% of Main Street Capital Corporation as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAIN. Muzinich & Co. Inc. lifted its holdings in Main Street Capital Corporation by 83.4% in the 1st quarter. Muzinich & Co. Inc. now owns 2,179,673 shares of the financial services provider’s stock worth $83,416,000 after purchasing an additional 991,007 shares during the last quarter. UBS Group AG lifted its holdings in Main Street Capital Corporation by 90.7% in the 1st quarter. UBS Group AG now owns 663,492 shares of the financial services provider’s stock worth $25,392,000 after purchasing an additional 315,622 shares during the last quarter. Usca Ria LLC lifted its holdings in Main Street Capital Corporation by 127.4% in the 2nd quarter. Usca Ria LLC now owns 372,302 shares of the financial services provider’s stock worth $14,319,000 after purchasing an additional 208,555 shares during the last quarter. Blair William & Co. IL acquired a new stake in Main Street Capital Corporation in the 1st quarter worth approximately $4,257,000. Finally, California Public Employees Retirement System lifted its holdings in Main Street Capital Corporation by 746.5% in the 1st quarter. California Public Employees Retirement System now owns 107,500 shares of the financial services provider’s stock worth $4,114,000 after purchasing an additional 94,800 shares during the last quarter. Hedge funds and other institutional investors own 26.32% of the company’s stock.

A number of research analysts have recently commented on the company. National Securities reiterated a “sell” rating and set a $33.00 price target on shares of Main Street Capital Corporation in a report on Tuesday, August 8th. BidaskClub lowered Main Street Capital Corporation from a “buy” rating to a “hold” rating in a 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.98.

Main Street Capital Corporation (MAIN) opened at 39.95 on Friday. 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 capitalization of $2.27 billion, a price-to-earnings ratio of 13.12 and a beta of 1.03. The stock’s 50 day moving average price is $39.51 and its 200-day moving average price is $38.70.

Main Street Capital Corporation (NYSE:MAIN) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $50.30 million during the quarter, compared to the consensus estimate of $47.82 million. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities research analysts expect that Main Street Capital Corporation will post $2.30 EPS for the current fiscal year.

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

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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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