Investor Watch-list:- Main Street Capital Corporation (NYSE:MAIN)

Main Street Capital Corporation (NYSE:MAIN) closed with change of 0.05% to $38.54 with the total traded volume of 188529 shares versus to an average volume of 222.90K. The stock was up in the 5 days activity 0.26%. The one month performance of stock was -0.08%. MAIN shares are at 5.13% for the quarter and driving a 1.37% return over the course of the past year and is now at -3.00% since this point in 2018.

Right now MAIN beta is 0.94. The average volatility for the week and month was at 0.53% 0.69% respectively. There are 59.42M shares outstanding and 56.03M shares are floated in market.”

Main Street Capital Corporation (NYSE:MAIN) declared the amendment of its revolving credit facility (the “Credit Facility”). The recently closed amendment provides an extension of the final maturity by more than two years to September 2023.  The total commitments of the Credit Facility increased from $585.0 million to $655.0 million while maintaining an expanded accordion feature that allows for an increase up to $800.0 million of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.

The interest rate for outstanding borrowings under the Credit Facility remains unchanged at the applicable LIBOR rate plus 1.875% so long as Main Street satisfies certain agreed upon excess collateral and leverage requirements.  In addition to the extended maturity and increased commitments, Main Street continues to maintain two, one-year extension options under the amended Credit Facility which could extend the final maturity of the Credit Facility for up to two additional years, subject to certain conditions, including lender approval.

Shares of Main Street Capital Corporation have been recently spotted trading -7.15% off of the 52-week high price. On the other end, company shares have been noted 12.13% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 34.37 – 41.51. Switching over to some distances from popular moving averages, we see that the stock has been recorded 1.96% away from the 50 day moving average and -0.31% away from the 200 day moving average. Moving closer, we can see that shares have been trading 0.03% off of the 20-day moving average. 58 employees work in the Company. It has market cap of $2.29B and dividend yield of 5.92%.

Category – Hot Stocks

Mark Wilbanks studied a business degree majoring in finance and security analysis. He has a deep understanding of both technical and fundamental forms of analysis, he deeply believes that it makes a lot more sense for average investors to understand fundamental analysis, which he believes anyone can learn. Mark has over 10 years of experience as a professional journalist, writer and an editor. He holds a bachelor’s degree in International Business from University of Melbourne. He writes articles about hot stocks, dividend growth investing, options trading, investment decisions, stock selection, portfolio management, and passive income generation. Mark primarily reports on Hot Stocks category.

Email Contact: Mark@thenewsbloom.org

 

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