Main 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.
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Industry, Sector and Symbol
Industry Eating places
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone713-350-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$233.35 million
Profitability
Miscellaneous
Employees66
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable
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 announced a monthly dividend on Wednesday, May 8th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.205 per share on Monday, September 16th. This represents a $2.46 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Monday, August 19th. View Main Street Capital's Dividend History.
How were Main Street Capital's earnings last quarter?
Main Street Capital Co. (NYSE:MAIN) released its quarterly earnings data on Thursday, May, 9th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The financial services provider had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.33 million. Main Street Capital had a return on equity of 10.70% and a net margin of 73.33%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. View Main Street Capital's Earnings History.
When is Main Street Capital's next earnings date?
What price target have analysts set for MAIN?
4 brokerages have issued 12-month target prices for Main Street Capital's stock. Their predictions range from $35.00 to $41.00. On average, they expect Main Street Capital's stock price to reach $38.50 in the next twelve months. This suggests that the stock has a possible downside of 7.9%. 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. 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. " (5/28/2019)
- 2. National Securities analysts commented, "▪ Main Street posted NII/share of $0.64, a penny above our estimate and comfortably above the regular quarterly dividend of $0.60/share. For 3Q19, the base dividend was increased to $0.615/share. As a reminder, MAIN has begun to gradually scale down the semiannual special dividends and to steadily increase the regular dividends, a process they expect to be completed over a five-year period.
▪ Originations were seasonally slow at $128.5mm but repayments and sales slowed to $70.8mm and enabled MAIN to have net portfolio growth.
▪ After a volatile 4Q18 in both credit and equities, the ATM was tapped for $35.4mm of issuance compared to only $6.1mm the quarter prior. In April, Main Street issued $250mm of five-year notes priced at 5.20%. The company has $175mm of notes maturing in 4Q19, but due to an expensive make-whole provision the company didn’t want to redeem them early. As a result, we expect the facility to be paid down with the 2024 notes proceeds before being drawn up again in 4Q19 to meet the $175mm maturity.
▪ MAIN continues to have sound asset quality, with non-accruals at cost finishing 1Q19 at $83.4mm or 3.6% of the portfolio compared to $88.4mm or 3.9% of the portfolio Q/Q. SiTV was added to non-accrual status while MH Corbin was restructured.
▪ While we continue to regard Main Street as a well run BDC, the valuation is what keeps us on the sidelines. Shares closed 5/10/19 at 66% above NAV and we think such a premium prices in perfection-plus. As a result, we are maintaining our NEUTRAL rating.
▪ We are maintaining both our 2019 and 2020 NII/share estimates of $2.60 and $2.73, respectively." (5/13/2019)
Has Main Street Capital been receiving favorable news coverage?
Media stories about MAIN stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Main Street Capital earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Main Street Capital.
Who are some of Main Street Capital's key competitors?
Some companies that are related to Main Street Capital include Aramark (ARMK), Cracker Barrel Old Country Store (CBRL), Texas Roadhouse (TXRH), Wingstop (WING), Jack in the Box (JACK), Cheesecake Factory (CAKE), Bloomin' Brands (BLMN), Dine Brands Global (DIN), Papa John's Int'l (PZZA), Sonic (SONC), Brinker International (EAT), Dave & Buster's Entertainment (PLAY), Arcos Dorados (ARCO), Denny's (DENN) and BJ's Restaurants (BJRI).
What other stocks do shareholders of Main Street Capital own?
Who are Main Street Capital's key executives?
Main Street Capital's management team includes the folowing people:
- Mr. Vincent D. Foster, Exec. Chairman (Age 62)
- Mr. Dwayne Louis Hyzak CPA, CEO, Sr. MD & Director (Age 46)
- Mr. David L. Magdol, Pres, Chief Investment Officer & Sr. MD (Age 48)
- Mr. Brent D. Smith, CFO & Treasurer (Age 44)
- Mr. Jason B. Beauvais J.D., Sr. VP, Gen. Counsel, Chief Compliance Officer & Sec. (Age 43)
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 Sound Income Strategies LLC (0.72%), Sanders Morris Harris LLC (0.63%), Clearbridge Investments LLC (0.50%), Trinity Legacy Partners LLC (0.35%), Mckinley Capital Management LLC Delaware (0.26%) and Brasada Capital Management LP (0.24%). Company insiders that own Main Street Capital stock include Arthur L French, Rodger A Stout and Vincent D Foster. 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 CNO Financial Group Inc., Opus Capital Group LLC, Optimum Investment Advisors, Bridgeworth LLC, Sanders Morris Harris LLC, Confluence Investment Management LLC, Quantamental Technologies LLC and Sigma Planning Corp. View Insider Buying and Selling for Main Street Capital.
Which major investors are buying Main Street Capital stock?
MAIN stock was purchased by a variety of institutional investors in the last quarter, including Ellis Investment Partners LLC, Pembroke Management LTD, Citigroup Inc., Trinity Legacy Partners LLC, Alphasimplex Group LLC, Sound Income Strategies LLC, Advisor Group Inc. and Advisory Services Network LLC. Company insiders that have bought Main Street Capital stock in the last two years include Arthur L French, Rodger A Stout and Vincent D Foster. 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 $41.80.
How big of a company is Main Street Capital?
Main Street Capital has a market capitalization of $2.62 billion and generates $233.35 million in revenue each year. The financial services provider earns $168.21 million in net income (profit) each year or $2.60 on an earnings per share basis. Main Street Capital employs 66 workers across the globe.View Additional Information About Main Street Capital.
What is Main Street Capital's official website?
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)
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.
