Marble Harbor Investment Counsel LLC Has $252,000 Holdings in Main Street Capital Co. (NYSE:MAIN)

Marble Harbor Investment Counsel LLC lowered its stake in shares of Main Street Capital Co. (NYSE:MAIN) by 66.7% in the second quarter, Holdings Channel reports. The firm owned 5,000 shares of the financial services provider’s stock after selling 10,000 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Main Street Capital were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MAIN. LifeSteps Financial Inc. acquired a new position in shares of Main Street Capital during the 1st quarter worth about $35,000. Triad Wealth Partners LLC bought a new stake in shares of Main Street Capital in the second quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Main Street Capital by 73.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,139 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 483 shares during the last quarter. Optimum Investment Advisors increased its position in Main Street Capital by 100.0% during the second quarter. Optimum Investment Advisors now owns 1,000 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 500 shares during the period. Finally, Scarborough Advisors LLC acquired a new position in Main Street Capital during the 4th quarter valued at $72,000. 20.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Oppenheimer raised their price target on shares of 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. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.40.

Main Street Capital Trading Up 0.9 %

MAIN stock opened at $49.95 on Monday. The business’s 50 day moving average is $49.85 and its 200-day moving average is $48.85. Main Street Capital Co. has a 1-year low of $37.70 and a 1-year high of $52.39. The firm has a market cap of $4.28 billion, a P/E ratio of 9.11 and a beta of 1.30. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The business had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same quarter in the prior year, the firm earned $1.06 EPS. Equities analysts anticipate 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 disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 8th will be issued a dividend of $0.30 per share. This represents a $3.60 annualized dividend and a dividend yield of 7.21%. The ex-dividend date of this dividend is Tuesday, October 8th. Main Street Capital’s payout ratio is 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.