Positive News Coverage Somewhat Unlikely to Affect Main Street Capital Corporation (MAIN) Stock Price
Media coverage about Main Street Capital Corporation (NYSE:MAIN) has trended positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Main Street Capital Corporation earned a news impact score of 0.29 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.7922237900751 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- 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% during midday trading on Friday, hitting $39.86. The company had a trading volume of 288,110 shares. Main Street Capital Corporation has a one year low of $32.12 and a one year high of $40.86. The stock’s 50-day moving average price is $38.89 and its 200-day moving average price is $38.22. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.09 and a beta of 1.04.
Main Street Capital Corporation (NYSE:MAIN) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The business had revenue of $50.30 million during the quarter, compared to analyst estimates of $47.82 million. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. Main Street Capital Corporation’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. Analysts predict that Main Street Capital Corporation will post $2.28 EPS 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. This represents a $2.28 annualized dividend and a yield of 5.72%. The ex-dividend date is Monday, November 20th. Main Street Capital Corporation’s dividend payout ratio is currently 72.79%.
Several research firms have recently commented on MAIN. National Securities reissued a “sell” rating and issued a $33.00 target price on shares of Main Street Capital Corporation in a research note on Tuesday. BidaskClub raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research cut Main Street Capital Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. FBR & Co reissued a “hold” rating and issued a $38.00 target price on shares of Main Street Capital Corporation in a research note on Monday, May 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 target price (up from $35.00) on shares of Main Street Capital Corporation in a research note on Thursday, May 18th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average 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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