Greenwich Investment Management Inc. Grows Position in Main Street Capital Co. (NYSE:MAIN)

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Greenwich Investment Management Inc. lifted its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,093 shares of the financial services provider’s stock after purchasing an additional 2,985 shares during the period. Main Street Capital accounts for 4.4% of Greenwich Investment Management Inc.’s holdings, making the stock its 8th biggest position. Greenwich Investment Management Inc. owned about 0.17% of Main Street Capital worth $4,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in MAIN. Sound Income Strategies LLC raised its stake in shares of Main Street Capital by 31.1% during the 2nd quarter. Sound Income Strategies LLC now owns 581,294 shares of the financial services provider’s stock worth $23,903,000 after purchasing an additional 137,932 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in shares of Main Street Capital during the 1st quarter worth approximately $114,000. Citigroup Inc. increased its holdings in shares of Main Street Capital by 1,009.3% during the 1st quarter. Citigroup Inc. now owns 72,583 shares of the financial services provider’s stock worth $2,700,000 after acquiring an additional 66,040 shares during the last quarter. Trinity Legacy Partners LLC increased its holdings in shares of Main Street Capital by 29.5% during the 1st quarter. Trinity Legacy Partners LLC now owns 215,265 shares of the financial services provider’s stock worth $8,008,000 after acquiring an additional 49,014 shares during the last quarter. Finally, Alphasimplex Group LLC acquired a new position in shares of Main Street Capital during the 1st quarter worth approximately $1,425,000. Institutional investors own 22.06% of the company’s stock.

A number of research analysts have commented on MAIN shares. National Securities reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Main Street Capital in a report on Monday, May 13th. Zacks Investment Research downgraded Main Street Capital from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

NYSE:MAIN opened at $42.44 on Wednesday. The firm’s fifty day moving average is $41.80. The company has a market cap of $2.62 billion, a P/E ratio of 16.32 and a beta of 0.85. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.21. Main Street Capital Co. has a fifty-two week low of $31.95 and a fifty-two week high of $43.16.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $61.30 million during the quarter, compared to the consensus estimate of $61.33 million. Main Street Capital had a return on equity of 10.61% and a net margin of 65.74%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. On average, analysts expect that Main Street Capital Co. will post 2.54 EPS for the current fiscal year.

About Main Street Capital

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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

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