As Main Street Capital (MAIN) Stock Price Declined, Stratos Wealth Partners LTD Trimmed by $714,987 Its Position; As Range Res (Call) (RRC) Stock Value Declined, Raging Capital Management Lifted Its Stake by $2.66 Million

April 20, 2018 - By Richard Conner

Main Street Capital Corporation (NYSE:MAIN) Logo

Stratos Wealth Partners Ltd decreased its stake in Main Street Capital Corp (MAIN) by 24.49% based on its latest 2017Q4 regulatory filing with the SEC. Stratos Wealth Partners Ltd sold 18,333 shares as the company’s stock declined 7.91% with the market. The institutional investor held 56,521 shares of the company at the end of 2017Q4, valued at $2.25 million, down from 74,854 at the end of the previous reported quarter. Stratos Wealth Partners Ltd who had been investing in Main Street Capital Corp for a number of months, seems to be less bullish one the $2.19B market cap company. The stock decreased 0.16% or $0.06 during the last trading session, reaching $37.3. About 146,500 shares traded. Main Street Capital Corporation (NYSE:MAIN) has risen 0.58% since April 20, 2017 and is uptrending. It has underperformed by 10.97% the S&P500.

William C. Martin increased its stake in Range Res Corp (Call) (RRC) by 13.68% based on its latest 2017Q4 regulatory filing with the SEC. Raging Capital Management Llc bought 156,400 shares as the company’s stock declined 13.12% with the market. The hedge fund run by William C. Martin held 1.30M shares of the oil & gas production company at the end of 2017Q4, valued at $22.18M, up from 1.14 million at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Range Res Corp (Call) for a number of months, seems to be bullish on the $3.50 billion market cap company. The stock decreased 2.00% or $0.29 during the last trading session, reaching $14.24. About 7.97M shares traded. Range Resources Corporation (NYSE:RRC) has declined 48.60% since April 20, 2017 and is downtrending. It has underperformed by 60.15% the S&P500.

Raging Capital Management Llc, which manages about $631.31 million and $736.94 million US Long portfolio, decreased its stake in Compugen Ltd (NASDAQ:CGEN) by 326,367 shares to 3.67 million shares, valued at $9.18 million in 2017Q4, according to the filing. It also reduced its holding in Famous Daves Amer Inc (NASDAQ:DAVE) by 150,000 shares in the quarter, leaving it with 467,715 shares, and cut its stake in Fiat Chrysler Automobiles N.

Among 45 analysts covering Range Resources Corp. (NYSE:RRC), 23 have Buy rating, 3 Sell and 19 Hold. Therefore 51% are positive. Range Resources Corp. has $65 highest and $1600 lowest target. $31.45’s average target is 120.86% above currents $14.24 stock price. Range Resources Corp. had 149 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Buy” rating and $28.0 target in Wednesday, March 14 report. The rating was maintained by Cowen & Co on Wednesday, September 27 with “Buy”. The stock of Range Resources Corporation (NYSE:RRC) has “Hold” rating given on Tuesday, April 17 by Citigroup. The company was upgraded on Wednesday, November 4 by Citigroup. The stock of Range Resources Corporation (NYSE:RRC) has “Hold” rating given on Friday, March 11 by Deutsche Bank. Barclays Capital downgraded Range Resources Corporation (NYSE:RRC) rating on Thursday, March 24. Barclays Capital has “Underweight” rating and $24 target. On Monday, December 11 the stock rating was initiated by Credit Suisse with “Buy”. The rating was downgraded by KeyBanc Capital Markets on Tuesday, April 26 to “Sector Perform”. Citigroup maintained Range Resources Corporation (NYSE:RRC) on Tuesday, August 15 with “Buy” rating. RBC Capital Markets maintained Range Resources Corporation (NYSE:RRC) rating on Thursday, July 6. RBC Capital Markets has “Buy” rating and $4400 target.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.27, from 1.35 in 2017Q3. It dived, as 51 investors sold RRC shares while 119 reduced holdings. 58 funds opened positions while 125 raised stakes. 230.02 million shares or 7.28% less from 248.08 million shares in 2017Q3 were reported. Qs Investors Ltd Llc reported 16,338 shares. 10,974 were reported by Koch. Wellington Shields Mgmt Lc accumulated 29,809 shares. Advisory Research stated it has 0.19% in Range Resources Corporation (NYSE:RRC). Jolley Asset Mgmt Ltd Com reported 7,350 shares or 0.08% of all its holdings. Jane Street Limited Liability reported 420,752 shares. Victory Cap Management holds 582,216 shares. 34,050 are held by Wealthfront Inc. Welch Cap Prns Lc Ny holds 119,160 shares. 197 were accumulated by Fifth Third Bancorp. Mitsubishi Ufj Trust & Banking stated it has 484,062 shares. Deutsche National Bank Ag holds 0.01% or 1.09 million shares. Warren Averett Asset Ltd Limited Liability Company stated it has 119 shares or 0% of all its holdings. Sun Life Fincl holds 494 shares. Moreover, California Public Employees Retirement Sys has 0.01% invested in Range Resources Corporation (NYSE:RRC).

Since October 26, 2017, it had 1 insider purchase, and 3 insider sales for $228,453 activity. Another trade for 30,920 shares valued at $505,851 was made by Poole David P on Tuesday, December 12. 10,757 Range Resources Corporation (NYSE:RRC) shares with value of $176,678 were sold by MANNY ROGER S. DUB ANTHONY V sold 2,897 shares worth $46,533.

Stratos Wealth Partners Ltd, which manages about $2.15 billion and $2.23B US Long portfolio, upped its stake in Ishares Tr (IJT) by 2,427 shares to 12,392 shares, valued at $2.11M in 2017Q4, according to the filing. It also increased its holding in First Tr Lrge Cp Core Alpha (FEX) by 9,087 shares in the quarter, for a total of 34,916 shares, and has risen its stake in Amazon Com Inc (NASDAQ:AMZN).

Analysts await Main Street Capital Corporation (NYSE:MAIN) to report earnings on May, 3 after the close. They expect $0.60 earnings per share, up 7.14% or $0.04 from last year’s $0.56 per share. MAIN’s profit will be $35.26M for 15.54 P/E if the $0.60 EPS becomes a reality. After $0.64 actual earnings per share reported by Main Street Capital Corporation for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Main Street Capital Corporation (NYSE:MAIN) Institutional Positions Chart

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