34,214 Shares in Main Street Capital Co. (NYSE:MAIN) Acquired by Kelly Financial Group LLC

Kelly Financial Group LLC purchased a new stake in Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 34,214 shares of the financial services provider’s stock, valued at approximately $2,004,000. Main Street Capital makes up approximately 0.7% of Kelly Financial Group LLC’s portfolio, making the stock its 28th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Planning Inc acquired a new stake in shares of Main Street Capital during the fourth quarter worth $29,000. Truvestments Capital LLC bought a new position in Main Street Capital during the 3rd quarter worth about $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Main Street Capital in the 3rd quarter valued at about $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Main Street Capital in the third quarter valued at about $50,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Main Street Capital by 145.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,229 shares of the financial services provider’s stock worth $72,000 after buying an additional 729 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley lifted their target price on Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th.

Main Street Capital Stock Up 3.0 %

Shares of MAIN stock opened at $60.72 on Monday. The firm’s fifty day moving average price is $60.00 and its two-hundred day moving average price is $54.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital Co. has a 1 year low of $45.00 and a 1 year high of $63.32. The firm has a market capitalization of $5.35 billion, a P/E ratio of 11.00 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. The company had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. On average, equities analysts predict that Main Street Capital Co. will post 4.11 EPS for the current fiscal year.

Main Street Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, June 6th. Main Street Capital’s payout ratio is presently 51.37%.

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.