Main Street Capital Corporation (MAIN) Earns Coverage Optimism Rating of 0.29
Media stories about Main Street Capital Corporation (NYSE:MAIN) have trended positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Main Street Capital Corporation earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.7922237900751 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Main Street: Keep The Drip, Buy The Dip (seekingalpha.com)
- IHS Markit Score upgrades Main Street Capital Corp to 40 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- Main Street Capital: Diving Into Second-Quarter Earnings (fool.com)
- Main Street Capital Corp (MSCA) Holds Negative Momentum As Price is Below the Cloud – Evergreen Caller (evergreencaller.com)
Shares of Main Street Capital Corporation (NYSE MAIN) traded down 0.08% on Friday, reaching $39.86. The company had a trading volume of 288,110 shares. The firm has a market capitalization of $2.26 billion, a PE ratio of 13.09 and a beta of 1.04. The company’s 50-day moving average is $38.89 and its 200 day moving average is $38.22. Main Street Capital Corporation has a 12 month low of $32.12 and a 12 month high of $40.86.
Main Street Capital Corporation (NYSE:MAIN) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. The company had revenue of $50.30 million during the quarter, compared to the consensus estimate of $47.82 million. During the same quarter last year, the company earned $0.54 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts forecast that Main Street Capital Corporation will post $2.28 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, November 20th. This represents a $2.28 annualized dividend and a dividend yield of 5.72%. Main Street Capital Corporation’s dividend payout ratio (DPR) is presently 72.79%.
Several research firms recently issued reports on MAIN. Vetr raised Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $40.90 price target on the stock in a research report on Wednesday, May 10th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Main Street Capital Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday. Citigroup Inc. lowered Main Street Capital Corporation from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $40.00 price target (up from $35.00) on shares of Main Street Capital Corporation in a research report on Thursday, May 18th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $38.98.
About Main Street Capital Corporation
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.
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