Pinebridge Investments L.P. Has $992,000 Position in Main Street Capital Co. (MAIN)

Pinebridge Investments L.P. increased its position in shares of Main Street Capital Co. (NYSE:MAIN) by 77.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,962 shares of the financial services provider’s stock after purchasing an additional 10,862 shares during the period. Pinebridge Investments L.P.’s holdings in Main Street Capital were worth $992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAIN. JPMorgan Chase & Co. increased its holdings in Main Street Capital by 59.1% in the third quarter. JPMorgan Chase & Co. now owns 4,648 shares of the financial services provider’s stock valued at $184,000 after buying an additional 1,727 shares in the last quarter. Legal & General Group Plc increased its holdings in Main Street Capital by 11.9% in the third quarter. Legal & General Group Plc now owns 165,356 shares of the financial services provider’s stock valued at $6,569,000 after buying an additional 17,530 shares in the last quarter. Van ECK Associates Corp increased its holdings in Main Street Capital by 5.8% in the third quarter. Van ECK Associates Corp now owns 403,372 shares of the financial services provider’s stock valued at $16,034,000 after buying an additional 21,957 shares in the last quarter. Texas Yale Capital Corp. increased its holdings in Main Street Capital by 9.3% in the third quarter. Texas Yale Capital Corp. now owns 70,423 shares of the financial services provider’s stock valued at $2,799,000 after buying an additional 6,000 shares in the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in Main Street Capital in the third quarter valued at about $350,000. 27.23% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on MAIN. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday, November 8th. National Securities reiterated a “sell” rating and issued a $33.00 price target on shares of Main Street Capital in a research report on Monday, November 6th. BidaskClub lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Raymond James Financial upgraded shares of Main Street Capital from an “underperform” rating to a “market perform” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.15.

Shares of Main Street Capital Co. (NYSE:MAIN) traded up $0.22 during midday trading on Friday, reaching $40.46. 218,432 shares of the company were exchanged, compared to its average volume of 195,122. Main Street Capital Co. has a 1 year low of $35.25 and a 1 year high of $41.79. The firm has a market capitalization of $2,350.65, a price-to-earnings ratio of 17.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. Main Street Capital had a net margin of 79.87% and a return on equity of 10.14%. The firm had revenue of $51.79 million for the quarter, compared to analyst estimates of $50.89 million. During the same quarter last year, the business earned $0.58 earnings per share. Main Street Capital’s revenue was up 11.1% compared to the same quarter last year. analysts anticipate that Main Street Capital Co. will post 2.33 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.28 dividend on an annualized basis and a yield of 5.64%. Main Street Capital’s dividend payout ratio (DPR) is currently 80.28%.

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About Main Street Capital

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.

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Institutional Ownership by Quarter for Main Street Capital (NYSE:MAIN)

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