Kelly Financial Group LLC Invests $2 Million in Main Street Capital Co. (NYSE:MAIN)

Kelly Financial Group LLC purchased a new stake in Main Street Capital Co. (NYSE:MAIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 34,214 shares of the financial services provider's stock, valued at approximately $2,004,000. Main Street Capital accounts for about 0.7% of Kelly Financial Group LLC's portfolio, making the stock its 28th largest position.

Several other large investors have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in Main Street Capital by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 1,288,309 shares of the financial services provider's stock valued at $75,469,000 after acquiring an additional 92,833 shares during the period. Adell Harriman & Carpenter Inc. lifted its position in shares of Main Street Capital by 1.5% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 425,552 shares of the financial services provider's stock worth $24,929,000 after purchasing an additional 6,297 shares in the last quarter. Paradiem LLC boosted its stake in shares of Main Street Capital by 0.3% in the fourth quarter. Paradiem LLC now owns 280,593 shares of the financial services provider's stock valued at $16,437,000 after purchasing an additional 732 shares during the period. Muzinich & Co. Inc. grew its holdings in shares of Main Street Capital by 5.0% in the fourth quarter. Muzinich & Co. Inc. now owns 222,977 shares of the financial services provider's stock valued at $13,062,000 after purchasing an additional 10,593 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Main Street Capital by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,517 shares of the financial services provider's stock worth $12,918,000 after buying an additional 10,593 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

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Main Street Capital Stock Down 1.8 %

Shares of Main Street Capital stock traded down $1.06 during trading on Thursday, hitting $57.02. 586,477 shares of the stock were exchanged, compared to its average volume of 400,666. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 10.33 and a beta of 1.28. The firm's 50-day moving average price is $60.14 and its 200 day moving average price is $54.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Main Street Capital Co. has a 12-month low of $45.00 and a 12-month high of $63.32.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.06). The business had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. As a group, analysts forecast that Main Street Capital Co. will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.00 annualized dividend and a yield of 5.26%. Main Street Capital's dividend payout ratio is presently 51.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Main Street Capital from $52.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday. B. Riley upped their price target on Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a report on Monday, November 11th.

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.