Main Street Capital (NYSE:MAIN) Earning Positive News Coverage, Analysis Finds

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News articles about Main Street Capital (NYSE:MAIN) have trended positive on Friday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. 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 earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 48.3114615567176 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Main Street Capital from a “buy” rating to a “hold” rating in a report on Saturday, March 24th. B. Riley assumed coverage on Main Street Capital in a report on Tuesday, March 27th. They issued a “buy” rating and a $40.00 price target on the stock. National Securities upgraded Main Street Capital from a “sell” rating to a “neutral” rating and upped their price target for the stock from $33.00 to $35.00 in a report on Monday, February 26th. Finally, ValuEngine cut Main Street Capital from a “buy” rating to a “hold” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.15.

MAIN stock traded down $0.40 on Friday, reaching $37.30. The company had a trading volume of 294,341 shares, compared to its average volume of 332,301. Main Street Capital has a 1 year low of $34.37 and a 1 year high of $41.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $2,189.75, a P/E ratio of 15.61 and a beta of 0.93.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Main Street Capital had a return on equity of 10.34% and a net margin of 82.93%. The firm had revenue of $55.80 million for the quarter, compared to analyst estimates of $53.17 million. During the same quarter in the prior year, the company earned $0.57 EPS. Main Street Capital’s revenue was up 19.2% on a year-over-year basis. research analysts predict that Main Street Capital will post 2.44 earnings per share for the current year.

The business also recently announced a dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be paid a $0.19 dividend. The ex-dividend date is Thursday, April 19th. This is a positive change from Main Street Capital’s previous dividend of $0.19. Main Street Capital’s dividend payout ratio is presently 95.40%.

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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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