News articles about Main Street Capital (NYSE:MAIN) have been trending somewhat positive this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Main Street Capital earned a daily sentiment score of 0.86 on their scale. InfoTrie also assigned news articles about the financial services provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Main Street Capital’s analysis:
- Main Street Capital’s Dividend, NAV, And Valuation Versus 10 BDC Peers (Post Q3 2018 Earnings) – Part 1 (seekingalpha.com)
- $0.63 EPS Expected for Main Street Capital Co. (MAIN) This Quarter (americanbankingnews.com)
- Main Street Capital Co. (MAIN) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Main Street Capital (MAIN) Receives Daily Media Sentiment Rating of 1.67 (americanbankingnews.com)
Several research analysts have recently issued reports on MAIN shares. Zacks Investment Research raised Main Street Capital from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Saturday, October 6th. Janney Montgomery Scott set a $35.00 target price on Main Street Capital and gave the stock a “hold” rating in a research report on Friday, November 2nd. SunTrust Banks reissued a “hold” rating and issued a $40.00 target price on shares of Main Street Capital in a research report on Friday, August 3rd. National Securities reissued a “neutral” rating and issued a $38.00 target price on shares of Main Street Capital in a research report on Monday, November 5th. Finally, Raymond James raised Main Street Capital from a “market perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research report on Monday, November 5th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.50.
Main Street Capital (NYSE:MAIN) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $58.26 million for the quarter, compared to the consensus estimate of $59.19 million. Main Street Capital had a return on equity of 10.61% and a net margin of 95.77%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. On average, analysts expect that Main Street Capital will post 2.54 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.195 dividend. The ex-dividend date is Friday, December 28th. This represents a $2.34 annualized dividend and a dividend yield of 6.13%. Main Street Capital’s payout ratio is currently 97.91%.
In related news, Chairman Vincent D. Foster purchased 25,869 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were bought at an average price of $38.66 per share, for a total transaction of $1,000,095.54. Following the purchase, the chairman now directly owns 1,583,565 shares of the company’s stock, valued at approximately $61,220,622.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.31% of the company’s stock.
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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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