Burgundy Asset Management Ltd. Buys 17,623 Shares of Main Street Capital Co. (NYSE:MAIN)

Burgundy Asset Management Ltd. grew its holdings in shares of Main Street Capital Co. (NYSE:MAIN - Free Report) by 1.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,106,782 shares of the financial services provider's stock after acquiring an additional 17,623 shares during the period. Burgundy Asset Management Ltd. owned about 1.29% of Main Street Capital worth $55,881,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC lifted its stake in shares of Main Street Capital by 226.1% in the fourth quarter. Corient Private Wealth LLC now owns 29,996 shares of the financial services provider's stock worth $1,297,000 after acquiring an additional 20,799 shares during the period. Balboa Wealth Partners boosted its stake in shares of Main Street Capital by 30.9% in the 4th quarter. Balboa Wealth Partners now owns 14,956 shares of the financial services provider's stock valued at $647,000 after purchasing an additional 3,528 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Main Street Capital by 73.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 483 shares during the last quarter. Heritage Wealth Advisors increased its position in shares of Main Street Capital by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 3,600 shares of the financial services provider's stock worth $156,000 after buying an additional 600 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Main Street Capital by 4.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 18,030 shares of the financial services provider's stock worth $779,000 after buying an additional 781 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Oppenheimer upped 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 research report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Main Street Capital in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Main Street Capital has a consensus rating of "Hold" and a consensus price target of $48.40.

Main Street Capital Stock Up 0.4 %

Shares of NYSE MAIN traded up $0.21 during trading on Thursday, hitting $50.38. 427,504 shares of the company traded hands, compared to its average volume of 366,013. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 9.19 and a beta of 1.30. The business's fifty day moving average is $49.71 and its 200 day moving average is $48.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. Main Street Capital Co. has a fifty-two week low of $37.70 and a fifty-two week high of $52.39.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting analysts' consensus estimates of $1.01. Main Street Capital had a return on equity of 14.41% and a net margin of 87.58%. The business had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. During the same period in the prior year, the business earned $1.06 EPS. Equities research analysts predict that Main Street Capital Co. will post 4.13 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 23rd will be given a $0.30 dividend. This represents a yield of 7.66%. The ex-dividend date of this dividend is Friday, September 20th. Main Street Capital's payout ratio is currently 53.65%.

About Main Street Capital

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.