As of September 13, 2023, Chelsea Counsel Co., a financial services company, has increased its holdings in Main Street Capital Co. (NYSE:MAIN) by 200.9% during the first quarter. According to the company’s recent filing with the Securities and Exchange Commission (SEC), Chelsea Counsel now owns 8,655 shares of Main Street Capital’s stock, acquiring an additional 5,779 shares in that period. At the end of the most recent quarter, these holdings were valued at $342,000.
Main Street Capital (NYSE:MAIN) recently announced its earnings results on Thursday, August 3rd. For the quarter, the financial services provider reported an EPS (earnings per share) of $1.06, which met analysts’ consensus estimates. Main Street Capital also achieved a notable return on equity of 14.33%, along with a net margin of 75.58%. During this period, the business generated revenue amounting to $127.58 million, surpassing analyst expectations that had predicted $120.03 million in revenue.
Looking ahead to the current fiscal year, analysts estimate that Main Street Capital Co. will post an EPS figure of 4.1.
Investors and industry observers interested in further analysis and insights regarding Main Street Capital can access our latest analysis for comprehensive information on this financial services provider.
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Hedge fund giants increase holdings in Main Street Capital
In the ever-changing world of finance, hedge funds are constantly navigating the intricate landscape of investments and making strategic moves to capitalize on opportunities. Main Street Capital, a financial services provider, has recently seen changes in its position as various hedge funds adjust their holdings.
One notable change comes from Price T Rowe Associates Inc. MD, who has increased its holdings in Main Street Capital by 2.2% during the first quarter of this year. This boost translates to an additional 72,880 shares, which now brings Price T Rowe Associates Inc. MD’s total ownership to 3,425,606 shares valued at $135,175,000.
Another player in the hedge fund arena, Burgundy Asset Management Ltd., also grew its holdings in Main Street Capital during the first quarter. The growth amounted to an additional 6,608 shares, taking Burgundy Asset Management Ltd.’s total ownership to 1,263,671 shares worth $49,864,000.
Morgan Stanley followed suit and increased its stake in Main Street Capital by 0.8% during the fourth quarter. This increase resulted in Morgan Stanley now owning 702,270 shares valued at $25,949,000.
Van ECK Associates Corp joined the trend and raised its holdings in Main Street Capital by 0.4% during the first quarter as well. The increase amounted to an additional 2,880 shares for Van ECK Associates Corp who now owns a total of 665,072 shares worth $26,244,000.
Lastly, Legal & General Group Plc decided to boost its position in Main Street Capital during the fourth quarter by a significant margin of 8%. This move led Legal & General Group Plc’s ownership of Main Street Capital stock to reach 500,913 shares valued at $18,514,000 after acquiring an additional 37
