Brasada Capital Management LP trimmed its position in shares of Main Street Capital Co. (NYSE:MAIN) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 156,521 shares of the financial services provider’s stock after selling 1,196 shares during the period. Main Street Capital accounts for 1.7% of Brasada Capital Management LP’s holdings, making the stock its 14th biggest position. Brasada Capital Management LP’s holdings in Main Street Capital were worth $6,748,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MAIN. Centaurus Financial Inc. raised its position in shares of Main Street Capital by 2,580.0% during the second quarter. Centaurus Financial Inc. now owns 80,936 shares of the financial services provider’s stock worth $3,328,000 after purchasing an additional 77,916 shares during the period. Sound Income Strategies LLC raised its position in shares of Main Street Capital by 10.7% during the third quarter. Sound Income Strategies LLC now owns 643,410 shares of the financial services provider’s stock worth $27,802,000 after purchasing an additional 62,116 shares during the period. California Public Employees Retirement System raised its position in shares of Main Street Capital by 37.7% during the third quarter. California Public Employees Retirement System now owns 141,761 shares of the financial services provider’s stock worth $6,125,000 after purchasing an additional 38,783 shares during the period. Sigma Planning Corp raised its position in shares of Main Street Capital by 98.7% during the third quarter. Sigma Planning Corp now owns 39,410 shares of the financial services provider’s stock worth $1,703,000 after purchasing an additional 19,576 shares during the period. Finally, DNB Asset Management AS raised its position in shares of Main Street Capital by 35.6% during the third quarter. DNB Asset Management AS now owns 72,038 shares of the financial services provider’s stock worth $3,113,000 after purchasing an additional 18,926 shares during the period. 22.94% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Main Street Capital from a “sell” rating to a “hold” rating in a research report on Tuesday. Raymond James lowered Main Street Capital from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 22nd. They noted that the move was a valuation call. National Securities assumed coverage on Main Street Capital in a research report on Monday, September 23rd. They set a “neutral” rating and a $40.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on Main Street Capital in a research report on Tuesday, November 12th. They set an “outperform” rating and a $44.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $43.50.

NYSE MAIN traded up $0.14 on Tuesday, reaching $44.19. The company had a trading volume of 116,934 shares, compared to its average volume of 214,611. The stock has a market capitalization of $2.80 billion, a P/E ratio of 16.99 and a beta of 0.76. The company’s fifty day moving average is $43.24 and its 200 day moving average is $42.74. Main Street Capital Co. has a 52-week low of $36.29 and a 52-week high of $44.35. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.20.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The company had revenue of $60.07 million during the quarter, compared to analysts’ expectations of $61.26 million. Main Street Capital had a net margin of 50.85% and a return on equity of 10.59%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 earnings per share. On average, research analysts expect that Main Street Capital Co. will post 2.49 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a $0.205 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Friday, December 27th. Main Street Capital’s payout ratio is currently 94.62%.

About Main Street Capital

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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

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