Positive Press Coverage Somewhat Unlikely to Impact Main Street Capital (MAIN) Share Price
Media headlines about Main Street Capital (NYSE:MAIN) have trended positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Main Street Capital earned a media sentiment score of 0.38 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 49.0787008341526 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 Sentiment Analysis’s scoring:
- Main Street Announces Intention to Fully Redeem its 6.125% Notes due 2023 – PR Newswire (press release) (prnewswire.com)
- Main Street to Participate in the Raymond James – 39th Annual Institutional Investors Conference and the RBC Capital Markets Financial Institutions Conference (finance.yahoo.com)
- $53.34 Million in Sales Expected for Main Street Capital Co. (MAIN) This Quarter (americanbankingnews.com)
- Main Street Capital Co. (MAIN) Holdings Boosted by Arrowstreet Capital Limited Partnership (americanbankingnews.com)
- State grants St. Joe’s $1.2 million for detox (adirondackdailyenterprise.com)
Shares of Main Street Capital (NYSE MAIN) opened at $35.78 on Monday. The company has a quick ratio of 0.10, a current ratio of 0.15 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2,080.00, a price-to-earnings ratio of 11.97 and a beta of 0.96. Main Street Capital has a 12 month low of $34.37 and a 12 month high of $41.79.
The company also recently announced a monthly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be issued a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 6.37%. The ex-dividend date is Tuesday, March 20th. Main Street Capital’s dividend payout ratio is currently 76.25%.
Several equities research analysts have recently commented on the company. National Securities upgraded Main Street Capital from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $33.00 to $35.00 in a research note on Monday, February 26th. Raymond James Financial upgraded Main Street Capital from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered Main Street Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, ValuEngine lowered Main Street Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Main Street Capital has a consensus rating of “Hold” and a consensus price target of $39.58.
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About Main Street Capital
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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