Main Street Capital Corporation Company Profile (NYSE:MAIN)

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

Main Street Capital Corporation declared a monthly dividend on Wednesday, August 2nd. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.19 per share on Friday, December 15th. This represents a $2.28 annualized dividend and a yield of 5.71%. The ex-dividend date is Monday, November 20th. View Main Street Capital Corporation's Dividend History.

Main Street Capital Corporation (NYSE:MAIN) posted its earnings results on Thursday, August, 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The firm earned $50.30 million during the quarter, compared to the consensus estimate of $47.82 million. Main Street Capital Corporation had a return on equity of 10.24% and a net margin of 86.36%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. View Main Street Capital Corporation's Earnings History.

Main Street Capital Corporation is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Main Street Capital Corporation.

6 brokers have issued 1-year target prices for Main Street Capital Corporation's shares. Their forecasts range from $33.00 to $40.00. On average, they expect Main Street Capital Corporation's share price to reach $37.00 in the next twelve months. View Analyst Ratings for Main Street Capital Corporation.

Here are some recent quotes from research analysts about Main Street Capital Corporation 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. " (8/10/2017)
• 2. National Securities analysts commented, "• In 2Q17 NII/share was $0.58/share compared to our estimate of $0.56 and consensus estimates of $0.54. Fee income was up 26% linked Q/Q to $3.1 million with approximately $0.02/share of fee income during the quarter considered nonrecurring in nature.
  • Despite being a very strong originator with good asset quality and shareholder friendly actions and structure we note that current valuation represents a 76% premium to NAV/share and 67% to our 4Q18 NAV/share estimate. Our $33 price target represents a tailing P/NAV (trailing) of 1.46x and 1.38x P/NAV (4Q18E). We think the market is discounting that dislocations in the markets, especially given the age of the credit cycle, could materially lower company valuation multiples which, if to the magnitude of getting rid of realized gains dividends, would materially lower the total yield and weigh on the valuation significantly, in our view. We regard Main Street as a top performer in the sector from an operational perspective, but we believe that shares are currently valued far too high.
  • We are revising our 2017 NII/share estimate to $2.31 from $2.27 from $2.35 and our 2018 NII/share estimate to $2.42 from $2.37." (8/8/2017)
• 3. Royal Bank Of Canada analysts commented, "A report from a competitor raised many issues relating to WSR, including: (1) issuing stock below NAV; (2) making risky acquisitions; (3) engaging in weak corporate governance; (4) not covering the dividend; and (5) being overvalued." (5/18/2017)
• 4. FBR & Co analysts commented, "MAIN’s 1Q17 EPS of $0.57 were above our $0.55 estimate, the consensus $0.56 estimate, and our estimate of the company’s EPS guidance range $0.54–$0.55. Asset quality remained strong in 1Q17, with a realized appreciation of $22M from the exit of a single lower middle-market (LMM) investment driving NAV/share higher. Looking ahead, lower 2Q17 QOQ earnings guidance indicates to us that some 2Q deal flow may have been captured in 1Q. We think that this is a single-quarter occurrence and that the current dividend is secure. More interestingly, we think MAIN could be an outsized beneficiary of the proposed reduction of the corporate tax rate to 15% because the equity that MAIN holds in its LMM investments would appreciate with a lower tax rate. MAIN typically holds 32% of the total equity in a given LMM portfolio company. The LMM investments accounted for 45% of MAIN’s total investment portfolio at fair value at 1Q17." (5/8/2017)

Some companies that are related to Main Street Capital Corporation include Webster Financial Corporation (WBS), MGIC Investment Corporation (MTG), TFS Financial Corporation (TFSL), LPL Financial Holdings (LPLA), F.N.B. Corporation (FNB), Weingarten Realty Investors (WRI), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), First Horizon National Corporation (FHN), Healthcare Realty Trust Incorporated (HR), Apple Hospitality REIT (APLE), Investors Bancorp (ISBC), Umpqua Holdings Corporation (UMPQ), Popular (BPOP), IBERIABANK Corporation (IBKC), The Hanover Insurance Group (THG), Wintrust Financial Corporation (WTFC) and Spirit Realty Capital (SRC).

Main Street Capital Corporation's management team includes the folowing people:

• Vincent D. Foster CPA, Chairman of the Board, Chief Executive Officer, Principal Executive Officer
• Dwayne L. Hyzak, President, Chief Operating Officer, Senior Managing Director
• David L. Magdol, Vice Chairman of the Board, Chief Investment Officer, Senior Managing Director
• Curtis L. Hartman, Vice Chairman of the Board, Chief Credit Officer, Senior Managing Director
• Brent D. Smith CPA.,, Chief Financial Officer, Treasurer
• Rodger A. Stout, Executive Vice President
• Jason B. Beauvais, Senior Vice President, Chief Compliance Officer, General Counsel, Secretary
• Shannon D. Martin, Chief Accounting Officer, Vice President, Assistant Treasurer
• Catherine S. Silva, Vice President, Assistant Treasurer
• K. Colton Braud, Managing Director on lower middle market team

Main Street Capital Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Muzinich & Co. Inc. (4.07%), Burgundy Asset Management Ltd. (3.01%), Macquarie Group Ltd. (1.81%), Sanders Morris Harris LLC (1.19%), Bank of Montreal Can (0.85%) and Van ECK Associates Corp (0.67%). Company insiders that own Main Street Capital Corporation stock include Brent D Smith, Curtis L Hartman, Dwayne L Hyzak, Jason B Beauvais, Jon Kevin Griffin, Michael Appling Jr, Rodger A Stout, Shannon Martin and Vincent D Foster. View Institutional Ownership Trends for Main Street Capital Corporation.

Main Street Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including Texan Capital Management, Sanders Morris Harris LLC, Bank of Montreal Can, Robeco Institutional Asset Management B.V., EP Wealth Advisors LLC, State of Wisconsin Investment Board, Burgundy Asset Management Ltd. and Wells Fargo & Company MN. View Insider Buying and Selling for Main Street Capital Corporation.

Main Street Capital Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Usca Ria LLC, Muzinich & Co. Inc., Raymond James Financial Services Advisors Inc., Van ECK Associates Corp, Bank of Nova Scotia, Icon Advisers Inc. Co., Sumitomo Mitsui Asset Management Company LTD and Macquarie Group Ltd.. Company insiders that have bought Main Street Capital Corporation stock in the last two years include Brent D Smith, Curtis L Hartman, Dwayne L Hyzak, Jason B Beauvais, Jon Kevin Griffin, Michael Appling Jr, Rodger A Stout, Shannon Martin and Vincent D Foster. View Insider Buying and Selling for Main Street Capital Corporation.

Shares of Main Street Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Main Street Capital Corporation stock can currently be purchased for approximately $39.94.