NYSE:MAIN - Main Street Capital Stock Price, News, & Analysis

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$40.60 +0.17 (+0.42 %)
(As of 08/19/2018 03:29 AM ET)
Previous Close$40.60
Today's Range$40.40 - $40.67
52-Week Range$34.37 - $41.79
Volume175,747 shs
Average Volume257,447 shs
Market Capitalization$2.44 billion
P/E Ratio16.99
Dividend Yield5.66%
Beta0.88
Main Street Capital logoMain Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses. It invests in consumer discretionary, consumer staples, energy, healthcare, industrials, information technology, materials, telecommunication services, and utilities sectors. It does not seek to invest in start-up companies or companies with speculative business plans. It seeks to invest in traditional or basic businesses. The firm primarily invests in companies based in the Southern, South Central, and Southwestern regions of the United States but also considers other domestic investment opportunities. It typically invests between $2 million and $75 million in equity and $5 million to $50 million in debt, revenue between $10 million and $150 million, enterprise value between $3 million and $50 million, and EBITDA between $1 million and $20 million. The firm seeks to charge a fixed interest rate between 12 percent and 14 percent, payable in cash, in case of its mezzanine loan investments. The firm typically invests in the form of term debt with equity participation and/or direct equity investments. It prefers to maintain fully diluted minority and majority equity positions in its portfolio companies of 5 percent to 50 percent, and may have controlling interests in some instances. The firm also co-invests with other investment firms. It seeks to exit its debt investments through the repayment of the investment from internally generated cash flow and/or refinancing within a period of three to seven years. It participates in warrants, PIK (Payment in Kind) interest, convertible securities, junior secured or unsecured, senior secured debt, unitranche debt, equity related, common equity, and preferred equity. Main Street Capital Corporation was incorporated on March 9, 2007 and is based at Houston, Texas.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Eating places
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:MAIN
CUSIP56035L10
Phone713-350-6000

Debt

Debt-to-Equity Ratio0.21
Current Ratio0.11
Quick Ratio0.11

Price-To-Earnings

Trailing P/E Ratio16.99
Forward P/E Ratio15.74
P/E GrowthN/A

Sales & Book Value

Annual Sales$205.74 million
Price / Sales11.95
Cash Flow$2.3953 per share
Price / Cash16.95
Book Value$23.76 per share
Price / Book1.71

Profitability

EPS (Most Recent Fiscal Year)$2.39
Net Income$170.62 million
Net Margins83.40%
Return on Equity11.81%
Return on Assets6.98%

Miscellaneous

Employees58
Outstanding Shares60,580,000
Market Cap$2.44 billion

Main Street Capital (NYSE:MAIN) Frequently Asked Questions

What is Main Street Capital's stock symbol?

Main Street Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAIN."

How often does Main Street Capital pay dividends? What is the dividend yield for Main Street Capital?

Main Street Capital declared a dividend on Wednesday, April 18th. Shareholders of record on Tuesday, June 19th will be paid a dividend of $0.275 per share on Tuesday, June 26th. The ex-dividend date is Monday, June 18th. This is a positive change from Main Street Capital's previous dividend of $0.19. View Main Street Capital's Dividend History.

How were Main Street Capital's earnings last quarter?

Main Street Capital Co. (NYSE:MAIN) issued its earnings results on Thursday, August, 2nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.04. The financial services provider had revenue of $59.87 million for the quarter, compared to analyst estimates of $57.88 million. Main Street Capital had a net margin of 83.40% and a return on equity of 11.81%. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. View Main Street Capital's Earnings History.

When is Main Street Capital's next earnings date?

Main Street Capital is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for Main Street Capital.

What price target have analysts set for MAIN?

4 equities research analysts have issued twelve-month target prices for Main Street Capital's stock. Their predictions range from $38.00 to $40.00. On average, they expect Main Street Capital's share price to reach $39.3333 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets for Main Street Capital.

What is the consensus analysts' recommendation for Main Street Capital?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Main Street Capital in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Main Street Capital.

What are Wall Street analysts saying about Main Street Capital stock?

Here are some recent quotes from research analysts about Main Street Capital stock:
  • 1. National Securities analysts commented, " MAIN earned NII/share of $0.66 versus our estimate of $0.61 and the quarterly regular dividend of $0.57 which was increased to $0.59/share for 4Q18. Management guided towards lower dividend income going forward and while we think earnings will be lower than 2Q18 levels they will likely be high enough on a recurring basis to permit two more base dividend increases during 2019, in our opinion.
     NAV/share was up again to $23.96 from $23.68 the quarter prior. We expect industry-leading economic returns for MAIN of 15.1% and 14.0% for 2018 and 2019, respectively. Main Street trades at such a high NAV premium that its equity issuances, even while done on a measured, flow basis, are highly accretive to both NAV and NII.
     Main Street’s asset quality continues to remain strong with non-accruals at cost totaling $76.3 million or 3.4% of the portfolio at cost, up from $70.4 million or 3.2% of the portfolio the quarter prior. Marine Shelters and CapFusion were removed from non-accrual status but Datacom, with a total cost of $21.5 million, was added to non-accrual during the quarter.
     The LMM focus of MAIN bodes well for effective yield and NIM, both of which have held up remarkably well despite the spread compression seen across the middle market. The spread between LMM and MM loans was 300 bps in 2Q18, unchanged the past three quarters. While we expect MAIN to continue to prioritize capital allocation to the LMM, the company also has the optionality to make loans to larger EBITDA borrowers in MM and private loans.
     We are revising our 2018 NII/share estimate to $2.55 from $2.49 and our 2019 NII/share estimate to $2.66 from $2.57 and maintaining our NEUTRAL rating but increasing our price target to $38 from $35." (8/8/2018)
  • 2. According to Zacks Investment Research, "Main Street Capital Corporation is a specialty investment company providing customized financing solutions to lower middle market companies which operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides one stop financing alternatives to its portfolio companies. " (7/10/2018)

Who are some of Main Street Capital's key competitors?

Who are Main Street Capital's key executives?

Main Street Capital's management team includes the folowing people:
  • Mr. Vincent D. Foster, Co-Founder, Chairman & CEO (Age 61)
  • Mr. Dwayne Louis Hyzak CPA, Pres, COO, Sr. MD & Director (Age 45)
  • Mr. Brent D. Smith, CFO & Treasurer (Age 43)
  • Mr. David L. Magdol, Vice Chairman, Chief Investment Officer & Sr. MD (Age 47)
  • Mr. Curtis L. Hartman CPA, Vice Chairman, Chief Credit Officer, Sr. MD & Pres of Asset Management (Age 45)

Has Main Street Capital been receiving favorable news coverage?

Media stories about MAIN stock have been trending positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Main Street Capital earned a news impact score of 0.25 on Accern's scale. They also gave media coverage about the financial services provider an impact score of 46.56 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for Main Street Capital.

Who are Main Street Capital's major shareholders?

Main Street Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Burgundy Asset Management Ltd. (2.92%), Macquarie Group Ltd. (1.60%), Bank of Montreal Can (0.95%), Sanders Morris Harris LLC (0.70%), Van ECK Associates Corp (0.68%) and Usca Ria LLC (0.58%). View Institutional Ownership Trends for Main Street Capital.

Which major investors are selling Main Street Capital stock?

MAIN stock was sold by a variety of institutional investors in the last quarter, including Burgundy Asset Management Ltd., BlackRock Inc., Bank of Montreal Can, Wellington Shields Capital Management LLC, Sumitomo Mitsui Asset Management Company LTD, DnB Asset Management AS, Aperio Group LLC and California Public Employees Retirement System. View Insider Buying and Selling for Main Street Capital.

Which major investors are buying Main Street Capital stock?

MAIN stock was bought by a variety of institutional investors in the last quarter, including CNO Financial Group Inc., Cornerstone Wealth Management LLC, Guild Investment Management Inc., Centaurus Financial Inc., GAM Holding AG, Van ECK Associates Corp, Cullen Frost Bankers Inc. and Raymond James & Associates. View Insider Buying and Selling for Main Street Capital.

How do I buy shares of Main Street Capital?

Shares of MAIN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Main Street Capital's stock price today?

One share of MAIN stock can currently be purchased for approximately $40.60.

How big of a company is Main Street Capital?

Main Street Capital has a market capitalization of $2.44 billion and generates $205.74 million in revenue each year. The financial services provider earns $170.62 million in net income (profit) each year or $2.39 on an earnings per share basis. Main Street Capital employs 58 workers across the globe.

How can I contact Main Street Capital?

Main Street Capital's mailing address is 1300 POST OAK BOULEVARD 8TH FLOOR SUITE 800, HOUSTON TX, 77056. The financial services provider can be reached via phone at 713-350-6000 or via email at [email protected]


MarketBeat Community Rating for Main Street Capital (NYSE MAIN)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  281 (Vote Outperform)
Underperform Votes:  363 (Vote Underperform)
Total Votes:  644
MarketBeat's community ratings are surveys of what our community members think about Main Street Capital and other stocks. Vote "Outperform" if you believe MAIN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MAIN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/19/2018 by MarketBeat.com Staff

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