News coverage about Main Street Capital (NYSE:MAIN) has been trending neutral this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Main Street Capital earned a media sentiment score of 0.35 on their scale. InfoTrie also assigned media stories 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 impact on the company’s share price in the near future.
These are some of the news articles that may have effected Main Street Capital’s analysis:
- Reminder – Main Street Capital Goes Ex-Dividend Soon (nasdaq.com)
- Main Street boosts revolving credit line by $25M (seekingalpha.com)
- Main Street Capital Co. (MAIN) Declares Dividend of $0.20 (americanbankingnews.com)
- Somewhat Favorable Press Coverage Extremely Likely to Impact Main Street Capital (MAIN) Share Price (americanbankingnews.com)
Several equities analysts have issued reports 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 target for the company in a research report on Saturday, October 6th. National Securities upped their price target on shares of Main Street Capital from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. SunTrust Banks restated a “hold” rating and issued a $40.00 price target on shares of Main Street Capital in a research report on Friday, August 3rd. Raymond James upgraded shares of Main Street Capital from a “market perform” rating to an “outperform” rating and set a $41.00 price target for the company in a research report on Monday, November 5th. They noted that the move was a valuation call. 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 research note on Friday, November 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.50.
Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The business had revenue of $58.26 million for the quarter, compared to analyst estimates of $59.19 million. Main Street Capital had a net margin of 95.77% and a return on equity of 10.61%. Main Street Capital’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities research analysts forecast that Main Street Capital will post 2.54 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a dividend of $0.195 per share. This represents a $2.34 annualized dividend and a yield of 6.10%. The ex-dividend date is Friday, December 28th. Main Street Capital’s dividend payout ratio is presently 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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