Main Street Capital Stock Drops After Q1 Earnings Miss as Dividend Story Faces a Test
Main Street Capital Corporation fell roughly 4.5% to $54.05 Friday afternoon after the Houston lender’s first-quarter results missed Wall Street’s mark. The company posted per-share income of $0.93, under the $1.04 analysts had expected, and reported $140.1 million in total investment income—short of the $146.14 million estimate, according to Investing.com. MAIN’s stumble comes as the stock remains popular among income-focused investors.
