E Daily Stock Pick: Main Street Capital

This week, I'm looking for the fifth financial services representative of seven for my Ivy portfolio.

The financials sector includes nineteen industries all related to managing money: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance.

Today I'm reviewing another mid-cap asset management firm this one named Main Street Capital Corp. Its trading ticker symbol is MAIN.

Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle market companies and debt capital to middle market companies.

The investments portfolio of the company is typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.

The group invests in secured debt investments, equity investments, warrants and other securities of the lower middle market and middle market companies based in the US. Business is functioned through the U.S region and it derives the majority of the income from the source of fee, commission, and interest.

Main Street Capital Corporation was incorporated on March 9, 2007, and is based at Houston, Texas.

I use three key data points to gauge the value of any dividend equity-like Main Street Capital Corp:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

MAIN Price

Main's price per share closed at $40.77 yesterday. A year ago its price was $38.51. Price rose $2.26 or 5.9% in the past year.

Assuming Main's stock trades in the range of $35.00 to $45.00 this year,

Main's recent $40.77 price could rise by $2.23 and go to $44.00 by late- May, 2020.

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