Pembroke Management LTD Purchases 12,540 Shares of Main Street Capital Co. (NYSE:MAIN)

Pembroke Management LTD grew its position in Main Street Capital Co. (NYSE:MAIN) by 19.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,495 shares of the financial services provider’s stock after acquiring an additional 12,540 shares during the quarter. Pembroke Management LTD’s holdings in Main Street Capital were worth $3,862,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Main Street Capital by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,435,508 shares of the financial services provider’s stock worth $148,518,000 after acquiring an additional 71,698 shares during the period. Van ECK Associates Corp lifted its position in shares of Main Street Capital by 14.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,150,095 shares of the financial services provider’s stock worth $58,069,000 after buying an additional 141,312 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of Main Street Capital by 1.4% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,089,159 shares of the financial services provider’s stock worth $51,528,000 after buying an additional 15,392 shares during the period. Sound Income Strategies LLC lifted its position in shares of Main Street Capital by 2.2% during the 1st quarter. Sound Income Strategies LLC now owns 359,773 shares of the financial services provider’s stock worth $17,021,000 after buying an additional 7,790 shares during the period. Finally, Adell Harriman & Carpenter Inc. lifted its position in shares of Main Street Capital by 13.1% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 319,215 shares of the financial services provider’s stock worth $15,102,000 after buying an additional 37,075 shares during the period. Institutional investors own 20.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MAIN shares. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer raised their target price on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Truist Financial raised their target price on Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Finally, B. Riley raised their target price on Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.40.

Main Street Capital Price Performance

MAIN traded up $0.29 during trading on Monday, hitting $49.40. The company’s stock had a trading volume of 260,600 shares, compared to its average volume of 367,387. The firm’s 50 day moving average price is $50.14 and its two-hundred day moving average price is $48.57. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.11. Main Street Capital Co. has a 12 month low of $37.70 and a 12 month high of $52.39. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 9.01 and a beta of 1.29.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. Main Street Capital had a return on equity of 14.41% and a net margin of 87.58%. The firm had revenue of $132.15 million during the quarter, compared to the consensus estimate of $132.62 million. During the same quarter in the previous year, the company posted $1.06 EPS. Sell-side analysts forecast that Main Street Capital Co. will post 4.13 earnings per share for the current fiscal year.

Main Street Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be paid a $0.30 dividend. The ex-dividend date is Friday, September 20th. Main Street Capital’s dividend payout ratio (DPR) is currently 53.65%.

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.