Main Street Capital Corporation (NYSE:MAIN) changed -1.39% to recent value of $43.12. The stock transacted 269270 shares during most recent day however it has an average volume of 236.3K shares. It spotted trading -1.78% off 52-week high price. On the other end, the stock has been noted 35.77% away from the low price over the last 52-weeks.
On Aug. 27, 2019, Main Street Capital Corporation (NYSE:MAIN) is pleased to released that it recently completed a new portfolio investment to facilitate the recapitalization of Analytical Systems Keco, LLC (ASK or the Company), a leading manufacturer and designer of liquid and gas sensor analyzers for refineries, pipelines, chemical plants, and gas processing plants. Main Street, along with its co-investors, partnered with the Company’s senior management team to facilitate the recapitalization and provide growth capital, with Main Street funding $8.8 million in a combination of first-lien, senior secured term debt and a direct equity investment. In addition, Main Street and one of its co-investors are providing ASK a credit facility to support its future growth initiatives and working capital needs.
Founded in 1984, and headquartered in Houston, Texas, ASK (www.liquidgasanalyzers.com) is a third-generation family-owned business with a long-term customer base in the United States and various international markets. The Company’s analyzers serve mission-critical applications in ensuring safety and compliance for their end-users, with the ability to detect contaminants in liquids and gases, such as H2S (hydrogen sulfide), carbon dioxide, sulfur, and oil hydrocarbons.
MAIN has a gross margin of 80.60% and an operating margin of 66.30% while its profit margin remained 65.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained -5.60% for this year while earning per share for the next 5-years is expected to reach at 7.00%.
The company has 63.54M of outstanding shares and 59.4M shares were floated in the market. The price moved ahead of 1.05% from the mean of 20 days, 2.68% from mean of 50 days SMA and performed 11.14% from mean of 200 days price. Company’s performance for the week was -0.81%, 3.16% for month and YTD performance remained 28.30%.
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