Pembroke Management LTD Buys 433 Shares of Main Street Capital Co. (NYSE:MAIN)

Pembroke Management LTD increased its stake in Main Street Capital Co. (NYSE:MAIN) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,928 shares of the financial services provider’s stock after purchasing an additional 433 shares during the period. Pembroke Management LTD owned approximately 0.09% of Main Street Capital worth $3,857,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Callahan Advisors LLC increased its holdings in Main Street Capital by 1.3% in the 2nd quarter. Callahan Advisors LLC now owns 15,429 shares of the financial services provider’s stock valued at $779,000 after buying an additional 200 shares during the period. PFG Investments LLC raised its position in Main Street Capital by 1.8% during the second quarter. PFG Investments LLC now owns 12,557 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 227 shares in the last quarter. Segment Wealth Management LLC lifted its stake in Main Street Capital by 0.7% during the third quarter. Segment Wealth Management LLC now owns 43,512 shares of the financial services provider’s stock worth $2,182,000 after purchasing an additional 287 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Main Street Capital by 13.5% in the 2nd quarter. Harbour Investments Inc. now owns 2,868 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 342 shares in the last quarter. Finally, Milestone Asset Management LLC boosted its holdings in shares of Main Street Capital by 5.8% in the 2nd quarter. Milestone Asset Management LLC now owns 6,515 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MAIN. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer lifted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.40.

Main Street Capital Trading Down 1.3 %

Shares of MAIN stock opened at $50.67 on Friday. The stock has a 50-day moving average of $50.41 and a 200-day moving average of $49.91. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 9.47 and a beta of 1.29. Main Street Capital Co. has a 1-year low of $39.50 and a 1-year high of $52.62.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. The firm had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same quarter in the previous year, the company earned $1.06 EPS. On average, equities research analysts forecast that Main Street Capital Co. will post 4.12 earnings per share for the current year.

Main Street Capital Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a dividend yield of 7.66%. The ex-dividend date was Friday, September 20th. Main Street Capital’s dividend payout ratio is 54.95%.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.