Main Street Capital Co. (NYSE:MAIN) Shares Sold by Parallel Advisors LLC

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Parallel Advisors LLC lowered its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 27.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 676 shares of the financial services provider’s stock after selling 250 shares during the period. Parallel Advisors LLC’s holdings in Main Street Capital were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Sound Income Strategies LLC boosted its stake in Main Street Capital by 31.1% in the 2nd quarter. Sound Income Strategies LLC now owns 581,294 shares of the financial services provider’s stock worth $23,903,000 after buying an additional 137,932 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Main Street Capital by 5.0% in the 1st quarter. Clearbridge Investments LLC now owns 311,439 shares of the financial services provider’s stock worth $11,586,000 after buying an additional 14,873 shares during the last quarter. Brasada Capital Management LP boosted its stake in Main Street Capital by 11.4% in the 1st quarter. Brasada Capital Management LP now owns 150,971 shares of the financial services provider’s stock worth $5,616,000 after buying an additional 15,506 shares during the last quarter. Accurate Investment Solutions Inc. boosted its stake in Main Street Capital by 2.0% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 112,771 shares of the financial services provider’s stock worth $4,637,000 after buying an additional 2,168 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Main Street Capital by 1.6% in the 1st quarter. Raymond James & Associates now owns 111,600 shares of the financial services provider’s stock worth $4,152,000 after buying an additional 1,751 shares during the last quarter. 21.74% of the stock is currently owned by institutional investors and hedge funds.

MAIN has been the topic of a number of research analyst reports. B. Riley set a $43.00 price target on Main Street Capital and gave the stock a “buy” rating in a research note on Tuesday, August 20th. National Securities reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Main Street Capital in a research note on Monday, May 13th. Finally, Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.80.

Shares of NYSE MAIN traded down $0.09 during midday trading on Wednesday, hitting $43.03. The stock had a trading volume of 221 shares, compared to its average volume of 278,014. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 16.54 and a beta of 0.85. Main Street Capital Co. has a 1-year low of $31.95 and a 1-year high of $43.94. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $42.34 and a 200 day moving average price of $40.00.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $61.33 million. Main Street Capital had a return on equity of 10.57% and a net margin of 65.74%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. On average, research analysts forecast that Main Street Capital Co. will post 2.54 EPS for the current 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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