Main Street Capital Corporation (NYSE:MAIN):
Main Street Announces First Quarter 2018 Regular Monthly Dividends.
The company is down by 0.64% percent from yesterday’s close.
Additionally Main Street Capital Corporation declared a dividend for shareholders payable on Friday December 15th, 2017. The dividend payment will be $0.570 per share for the quarter which is $2.28 annualized. This dividend represents a yield of $5.66. The ex-dividend date is as of Thursday October 19th, 2017.
Main Street Capital Corporation (MSCC), launched on March 9, 2007, is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Business’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. The Company is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Business’s portfolio investments are made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in various industry sectors. MSCC partners with entrepreneurs, business owners and management teams and generally provides financing alternatives within its LMM portfolio. The Company invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies based in the United States and in secured debt investments of Middle Market companies generally headquartered in the United States. The Business’s investment portfolio includes its investments in LMM portfolio companies, investments in Middle Market portfolio companies, Private Loan portfolio investments, Other Portfolio investments, and the investment in MSC Adviser I, LLC (the External Investment Manager)..
Shares are trading at $40.17 slightly over the 50 day moving average which is $39.97 and which is just a bit higher than the 200 day moving average of $39.26. The 50 day moving average went up by +0.51% and the 200 day average was up $0.91.
The company currently has a P/E ratio of 13.20 and the market cap of the company is 2.28B. As of the last earnings report the EPS was $3.04 and is projected to be $2.30 for the current year with 56,810,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.59 and the next full year EPS is projected to be $2.35.
Traders are more bullish on the company lately as implied by the motion in short interest. The company experienced a fall in short interest of -2.64% between September 29, 2017 and October 13, 2017. Short shares fell 36,941 over that timeframe. Days to cover decreased 0.0 to 8.0 and the short interest percentage is 0.02% as of October 13.