Pembroke Management LTD Raises Position in Main Street Capital Co. (NYSE:MAIN)

Pembroke Management LTD grew its position in shares of Main Street Capital Co. (NYSE:MAIN) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,121 shares of the financial services provider’s stock after buying an additional 1,193 shares during the quarter. Pembroke Management LTD’s holdings in Main Street Capital were worth $4,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MAIN. Wealthstar Advisors LLC bought a new position in Main Street Capital in the 4th quarter valued at approximately $1,326,000. Franklin Resources Inc. lifted its holdings in shares of Main Street Capital by 19.3% during the third quarter. Franklin Resources Inc. now owns 217,461 shares of the financial services provider’s stock valued at $11,119,000 after purchasing an additional 35,227 shares in the last quarter. Segment Wealth Management LLC boosted its position in shares of Main Street Capital by 15.8% during the fourth quarter. Segment Wealth Management LLC now owns 50,368 shares of the financial services provider’s stock valued at $2,951,000 after buying an additional 6,856 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Main Street Capital by 9.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,924 shares of the financial services provider’s stock worth $10,526,000 after buying an additional 18,059 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Main Street Capital by 188.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,176 shares of the financial services provider’s stock worth $1,012,000 after buying an additional 13,177 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $48.80.

Main Street Capital Stock Up 1.0 %

Main Street Capital stock opened at $61.51 on Tuesday. Main Street Capital Co. has a one year low of $44.57 and a one year high of $62.19. The stock has a fifty day moving average of $58.99 and a 200 day moving average of $53.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $5.42 billion, a PE ratio of 11.14 and a beta of 1.28.

Main Street Capital 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.