Main Street Capital Corporation (MAIN) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Main Street Capital Corporation (NYSE:MAIN) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,465 shares of the financial services provider’s stock after selling 6,112 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.15% of Main Street Capital Corporation worth $3,516,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pinebridge Investments L.P. grew its holdings in shares of Main Street Capital Corporation by 0.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 14,100 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 55 shares during the period. Homrich & Berg grew its holdings in shares of Main Street Capital Corporation by 1.0% during the 2nd quarter. Homrich & Berg now owns 37,432 shares of the financial services provider’s stock worth $1,440,000 after acquiring an additional 363 shares during the period. Barnett & Company Inc. grew its holdings in shares of Main Street Capital Corporation by 0.8% during the 2nd quarter. Barnett & Company Inc. now owns 52,287 shares of the financial services provider’s stock worth $2,011,000 after acquiring an additional 400 shares during the period. Sequent Asset Management LLC grew its holdings in shares of Main Street Capital Corporation by 1.7% during the 2nd quarter. Sequent Asset Management LLC now owns 29,837 shares of the financial services provider’s stock worth $1,148,000 after acquiring an additional 487 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Main Street Capital Corporation by 15.6% during the 2nd quarter. US Bancorp DE now owns 3,707 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 500 shares during the period. Institutional investors own 26.27% of the company’s stock.

Main Street Capital Corporation (MAIN) traded up $0.14 during mid-day trading on Friday, reaching $40.72. The company had a trading volume of 63,321 shares, compared to its average volume of 236,668. The company has a market cap of $2,300.00, a PE ratio of 17.48 and a beta of 1.05. Main Street Capital Corporation has a fifty-two week low of $35.25 and a fifty-two week high of $41.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10.

Main Street Capital Corporation (NYSE:MAIN) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $51.79 million for the quarter, compared to analysts’ expectations of $50.89 million. Main Street Capital Corporation had a return on equity of 10.14% and a net margin of 79.87%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. analysts predict that Main Street Capital Corporation will post 2.33 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.28 annualized dividend and a dividend yield of 5.60%. Main Street Capital Corporation’s payout ratio is 80.57%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://transcriptdaily.com/2017/11/17/main-street-capital-corporation-main-shares-sold-by-cambridge-investment-research-advisors-inc.html.

A number of research analysts have weighed in on MAIN shares. National Securities reiterated a “sell” rating and set a $33.00 target price on shares of Main Street Capital Corporation in a report on Tuesday, August 8th. Zacks Investment Research raised Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, August 10th. BidaskClub raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. ValuEngine raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Raymond James Financial, Inc. raised Main Street Capital Corporation from an “underperform” rating to a “market perform” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Main Street Capital Corporation presently has a consensus rating of “Hold” and a consensus price target of $39.15.

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.

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.

Leave a Reply