Main Street Capital (MAIN) Receiving Somewhat Positive Press Coverage, InfoTrie Reports

Media headlines about Main Street Capital (NYSE:MAIN) have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Main Street Capital earned a media sentiment score of 0.69 on their scale. InfoTrie also gave news headlines about the financial services provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have effected Main Street Capital’s score:

Main Street Capital stock opened at $39.06 on Friday. Main Street Capital has a twelve month low of $34.37 and a twelve month high of $41.20. The company has a market cap of $2.38 billion, a PE ratio of 16.34 and a beta of 0.83. The company has a quick ratio of 0.11, a current ratio of 0.13 and a debt-to-equity ratio of 0.22.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, November 1st. The financial services provider reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Main Street Capital had a net margin of 95.77% and a return on equity of 10.61%. The firm had revenue of $58.26 million during the quarter, compared to the consensus estimate of $59.19 million. During the same period in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts expect that Main Street Capital will post 2.54 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.195 per share. This represents a $2.34 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, December 28th. Main Street Capital’s dividend payout ratio is currently 97.91%.

Several equities research analysts have commented on MAIN shares. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday. Janney Montgomery Scott set a $35.00 price objective on shares of Main Street Capital and gave the company a “hold” rating in a research note on Friday, November 2nd. SunTrust Banks reiterated a “hold” rating and issued a $40.00 price objective on shares of Main Street Capital in a research note on Friday, August 3rd. National Securities increased their price objective on shares of Main Street Capital from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, Raymond James upgraded shares of Main Street Capital from a “market perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research note on Monday, November 5th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.50.

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Main Street Capital Company Profile

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.

See Also: Cost of Debt

Insider Buying and Selling by Quarter for Main Street Capital (NYSE:MAIN)

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