Somewhat Favorable Press Coverage Extremely Likely to Impact Main Street Capital (MAIN) Share Price

Media stories about Main Street Capital (NYSE:MAIN) have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Main Street Capital earned a news sentiment score of 0.69 on their scale. InfoTrie also assigned news coverage about the financial services provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have effected Main Street Capital’s ranking:

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. SunTrust Banks reaffirmed a “hold” rating and set a $40.00 price target on shares of Main Street Capital in a research report on Friday, August 3rd. Raymond James raised shares of Main Street Capital from a “market perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research report on Monday, November 5th. They noted that the move was a valuation call. National Securities upped their price objective on shares of Main Street Capital from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Finally, Janney Montgomery Scott set a $35.00 price objective on shares of Main Street Capital and gave the company a “hold” rating in a report on Friday, November 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $39.50.

Shares of NYSE MAIN opened at $39.06 on Friday. Main Street Capital has a 1-year low of $34.37 and a 1-year high of $41.20. The stock has a market cap of $2.38 billion, a PE ratio of 16.34 and a beta of 0.83. The company has a current ratio of 0.13, a quick ratio of 0.11 and a debt-to-equity ratio of 0.22.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.63 earnings per share for the quarter, beating the 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 for the quarter, compared to analyst estimates of $59.19 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts anticipate that Main Street Capital will post 2.54 EPS for the current year.

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

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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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