About Main Street Capital Corporation (NYSE:MAIN)
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC's principal investment objective is to maximize its portfolio's total return by generating current income from the Company's debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company. It is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. It invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies and in secured debt investments of Middle Market companies. Its investment portfolio includes its investments in LMM portfolio companies, investments in Middle Market portfolio companies and Other Portfolio investments, among others. MSC Adviser I, LLC is the External Investment Manager.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial Loans
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:MAIN
- CUSIP: 56035L10
- Web: www.mainstcapital.com
- Market Cap: $2.3 billion
- Outstanding Shares: 56,810,000
- 50 Day Moving Avg: $39.76
- 200 Day Moving Avg: $39.15
- 52 Week Range: $32.12 - $40.86
Sales & Book Value:
- Trailing P/E Ratio: 13.22
- Foreward P/E Ratio: 17.23
- P/E Growth: 2.47
- Annual Revenue: $191.59 million
- Price / Sales: 12.01
- Book Value: $22.62 per share
- Price / Book: 1.79
- Annual Dividend: $2.28
- Dividend Yield: 5.7%
- Net Margins: 86.36%
- Return on Equity: 10.24%
- Return on Assets: 5.99%
- Debt-to-Equity Ratio: 0.20%
- Current Ratio: 0.10%
- Quick Ratio: 0.10%
- Average Volume: 192,282 shs.
- Beta: 1
- Short Ratio: 6.26
Frequently Asked Questions for Main Street Capital Corporation (NYSE:MAIN)
What is Main Street Capital Corporation's stock symbol?
Main Street Capital Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAIN."
How often does Main Street Capital Corporation pay dividends? What is the dividend yield for Main Street Capital Corporation?
Main Street Capital Corporation declared a special dividend on Wednesday, October 18th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.275 per share on Wednesday, December 27th. This represents a dividend yield of 5.65%. The ex-dividend date is Monday, December 18th. View Main Street Capital Corporation's Dividend History.
How were Main Street Capital Corporation's earnings last quarter?
Main Street Capital Corporation (NYSE:MAIN) released its earnings results on Thursday, August, 3rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $50.30 million for the quarter, compared to analysts' expectations of $47.82 million. Main Street Capital Corporation had a net margin of 86.36% and a return on equity of 10.24%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. View Main Street Capital Corporation's Earnings History.
When will Main Street Capital Corporation make its next earnings announcement?
Where is Main Street Capital Corporation's stock going? Where will Main Street Capital Corporation's stock price be in 2017?
6 analysts have issued 12-month price objectives for Main Street Capital Corporation's shares. Their predictions 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.
What are analysts saying about Main Street Capital Corporation stock?
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. " (10/10/2017)
- 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)
Who are some of Main Street Capital Corporation's key competitors?
Some companies that are related to Main Street Capital Corporation include Prosperity Bancshares (PB), Wintrust Financial Corporation (WTFC), Umpqua Holdings Corporation (UMPQ), First Horizon National Corporation (FHN), Assured Guaranty (AGO), Senior Housing Properties Trust (SNH), BGC Partners (BGCP), Realogy Holdings Corp. (RLGY), TFS Financial Corporation (TFSL), F.N.B. Corporation (FNB), Radian Group (RDN), Texas Capital Bancshares (TCBI), Hancock Holding Company (HBHC), Apple Hospitality REIT (APLE), OneMain Holdings (OMF), The Hanover Insurance Group (THG), Essent Group (ESNT) and Validus Holdings (VR).
Who are Main Street Capital Corporation's key executives?
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
Who owns Main Street Capital Corporation stock?
Main Street Capital Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Shell Asset Management Co. (0.13%) and Eqis Capital Management Inc. (0.01%). Company insiders that own Main Street Capital Corporation stock include Brent D Smith, Curtis L Hartman, Dwayne L Hyzak, Jason B Beauvais, Michael Appling Jr, Rodger A Stout, Shannon Martin and Vincent D Foster. View Institutional Ownership Trends for Main Street Capital Corporation.
Who bought Main Street Capital Corporation stock? Who is buying Main Street Capital Corporation stock?
Main Street Capital Corporation's stock was bought by a variety of institutional investors in the last quarter, including Shell Asset Management Co. and Eqis Capital Management Inc.. 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, Michael Appling Jr, Rodger A Stout, Shannon Martin and Vincent D Foster. View Insider Buying and Selling for Main Street Capital Corporation.
How do I buy Main Street Capital Corporation stock?
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.
What is Main Street Capital Corporation's stock price today?
MarketBeat Community Rating for Main Street Capital Corporation (NYSE MAIN)MarketBeat's community ratings are surveys of what our community members think about Main Street Capital Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Main Street Capital Corporation stock can currently be purchased for approximately $40.49.
Consensus Ratings for Main Street Capital Corporation (NYSE:MAIN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 1.67)|
|Consensus Price Target: ||$37.00 (8.62% downside)|Consensus Price Target History for Main Street Capital Corporation (NYSE:MAIN)
Analysts' Ratings History for Main Street Capital Corporation (NYSE:MAIN)
(Data available from 10/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/8/2017||National Securities||Reiterated Rating||Sell||$33.00||Low|
|5/18/2017||Royal Bank Of Canada||Reiterated Rating||Outperform -> Outperform||$35.00 -> $40.00||Low|
|5/10/2017||Raymond James Financial, Inc.||Reiterated Rating||Market Perform -> Underperform||High|
|5/10/2017||Citigroup Inc.||Downgrade||Market Perform -> Underperform||High|
|5/8/2017||FBR & Co||Reiterated Rating||Hold||$38.00||Low|
|1/9/2017||Robert W. Baird||Downgrade||Outperform -> Neutral||$37.00||N/A|
|8/10/2016||Wunderlich||Boost Price Target||Buy||$34.00 -> $37.00||N/A|
|4/27/2016||Janney Montgomery Scott||Reiterated Rating||Hold||N/A|
Earnings History for Main Street Capital Corporation (NYSE:MAIN)Earnings History by Quarter for Main Street Capital Corporation (NYSE MAIN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.53||$0.58||$47.82 million||$50.30 million||View||Listen|
|5/4/2017||Q1 2017||$0.56||$0.56||$47.24 million||$47.90 million||View||Listen|
|2/23/2017||Q4 2016||$0.56||$0.57||$45.96 million||$46.83 million||View||N/A|
|11/3/2016||Q316||$0.55||$0.58||$44.43 million||$46.60 million||View||N/A|
|8/8/2016||Q216||$0.54||$0.54||$43.48 million||$42.90 million||View||N/A|
|5/5/2016||Q116||$0.54||$0.54||$43.01 million||$42.00 million||View||N/A|
|2/25/2016||Q415||$0.57||$0.57||$44.52 million||$43.50 million||View||Listen|
|11/5/2015||Q315||$0.55||$0.56||$42.06 million||$42.61 million||View||N/A|
|8/6/2015||Q215||$0.54||$0.55||$40.78 million||$41.31 million||View||N/A|
|5/7/2015||Q115||$0.52||$0.51||$37.00 million||$37.18 million||View||N/A|
|2/26/2015||Q414||$0.58||$0.59||$38.26 million||$38.76 million||View||N/A|
|11/6/2014||Q3||$0.55||$0.55||$36.11 million||$36.35 million||View||N/A|
|8/7/2014||Q2 2014||$0.54||$0.53||$34.24 million||$34.88 million||View||N/A|
|5/8/2014||Q114||$0.54||$0.52||$33.18 million||$30.78 million||View||N/A|
Earnings Estimates for Main Street Capital Corporation (NYSE:MAIN)
Current Year EPS Consensus Estimate: $2.30 EPS
Next Year EPS Consensus Estimate: $2.35 EPS
Current Dividend Information for Main Street Capital Corporation (NYSE:MAIN)
|Dividend Growth:||5.40% (3 Year Average)|
|Payout Ratio:||74.75% (Trailing 12 Months of Earnings) |
99.13% (Based on This Year's Estimates)
97.02% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Main Street Capital Corporation (NYSE MAIN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Main Street Capital Corporation (NYSE:MAIN)
Insider Ownership Percentage: 5.58%Insider Trades by Quarter for Main Street Capital Corporation (NYSE:MAIN)
Institutional Ownership Percentage: 26.33%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/16/2017||Rodger A Stout||EVP||Buy||15||$40.17||$602.55|| |
|9/15/2017||Rodger A Stout||EVP||Buy||15||$39.95||$599.25|| |
|8/15/2017||Rodger A Stout||EVP||Buy||15||$40.28||$604.20|| |
|7/14/2017||Rodger A Stout||EVP||Buy||16||$38.68||$618.88|| |
|6/26/2017||Rodger A Stout||EVP||Buy||23||$38.93||$895.39|| |
|6/14/2017||Rodger A Stout||EVP||Buy||15||$39.08||$586.20|| |
|4/13/2017||Rodger A Stout||EVP||Buy||23||$38.54||$886.42|| |
|3/15/2017||Rodger A Stout||EVP||Buy||24||$37.57||$901.68|| |
|2/15/2017||Rodger A Stout||EVP||Buy||24||$37.05||$889.20|| |
|1/13/2017||Rodger A Stout||EVP||Buy||25||$36.87||$921.75|| |
|12/23/2016||Rodger A Stout||EVP||Buy||36||$37.36||$1,344.96|| |
|12/13/2016||Rodger A Stout||EVP||Buy||25||$36.62||$915.50|| |
|11/15/2016||Rodger A Stout||EVP||Buy||25||$36.28||$907.00|| |
|10/14/2016||Rodger A Stout||EVP||Buy||27||$33.59||$906.93|| |
|9/15/2016||Rodger A Stout||EVP||Buy||132||$33.87||$4,470.84|| |
|8/15/2016||Rodger A Stout||EVP||Buy||130||$34.34||$4,464.20|| |
|7/15/2016||Brent D Smith||CFO||Buy||31||$32.94||$1,021.14|| |
|7/15/2016||Curtis L Hartman||Vice Chairman||Buy||134||$32.94||$4,413.96|| |
|7/15/2016||Dwayne L Hyzak||COO||Buy||336||$32.96||$11,074.56|| |
|7/15/2016||Jason B Beauvais||SVP||Buy||150||$32.94||$4,941.00|| |
|7/15/2016||Michael Appling Jr||Director||Buy||590||$33.08||$19,517.20|| |
|7/15/2016||Rodger A Stout||EVP||Buy||135||$32.96||$4,449.60|| |
|7/15/2016||Shannon Martin||VP||Buy||63||$32.94||$2,075.22|| |
|7/15/2016||Vincent D Foster||Chairman||Buy||2,764||$33.01||$91,239.64|| |
|6/27/2016||Brent D Smith||CFO||Buy||61||$32.76||$1,998.36|| |
|6/27/2016||Curtis L Hartman||Vice Chairman||Buy||204||$32.76||$6,683.04|| |
|6/27/2016||Dwayne L Hyzak||COO||Buy||512||$32.76||$16,773.12|| |
|6/27/2016||Jason B Beauvais||SVP||Buy||229||$32.76||$7,502.04|| |
|6/27/2016||Michael Appling Jr||Director||Buy||905||$32.68||$29,575.40|| |
|6/27/2016||Rodger A Stout||EVP||Buy||206||$32.58||$6,711.48|| |
|6/27/2016||Shannon Martin||CAO||Buy||95||$32.76||$3,112.20|| |
|6/27/2016||Vincent D Foster||CEO||Buy||4,210||$32.76||$137,919.60|| |
|6/15/2016||Curtis L Hartman||Vice Chairman||Buy||134||$32.41||$4,342.94|| |
|6/15/2016||Dwayne L Hyzak||COO||Buy||337||$32.42||$10,925.54|| |
|6/15/2016||Jason B Beauvais||SVP||Buy||151||$32.41||$4,893.91|| |
|6/15/2016||Michael Appling Jr||Director||Buy||593||$32.47||$19,254.71|| |
|6/15/2016||Rodger A Stout||EVP||Buy||135||$32.43||$4,378.05|| |
|6/15/2016||Vincent D Foster||CEO||Buy||2,770||$32.41||$89,775.70|| |
|5/16/2016||Rodger A Stout||EVP||Buy||137||$31.82||$4,359.34|| |
|4/15/2016||Brent D Smith||CFO||Buy||36||$31.48||$1,133.28|| |
|4/15/2016||Curtis L Hartman||Vice Chairman||Buy||137||$31.48||$4,312.76|| |
|4/15/2016||Dwayne L Hyzak||COO||Buy||343||$31.50||$10,804.50|| |
|4/15/2016||Jason B Beauvais||SVP||Buy||153||$31.48||$4,816.44|| |
|4/15/2016||Michael Appling Jr||Director||Buy||580||$31.61||$18,333.80|| |
|4/15/2016||Rodger A Stout||EVP||Buy||110||$31.48||$3,462.80|| |
|4/15/2016||Shannon Martin||CAO||Buy||38||$31.48||$1,196.24|| |
|4/15/2016||Vincent D Foster||CEO||Buy||2,862||$31.48||$90,095.76|| |
|9/30/2015||Jon Kevin Griffin||Director||Buy||1,000||$26.77||$26,770.00|| |
|9/2/2015||Arthur L French||Director||Buy||1,000||$27.73||$27,730.00|| |
|8/12/2015||Arthur L French||Director||Buy||1,000||$29.10||$29,100.00|| |
|3/31/2015||John Earl Jackson||Director||Buy||1,000||$30.95||$30,950.00|| |
|12/16/2014||John Earl Jackson||Director||Buy||2,500||$28.36||$70,900.00|| |
|9/29/2014||John Earl Jackson||Director||Buy||1,000||$31.47||$31,470.00|| |
|7/15/2014||Vincent D Foster||CEO||Buy||2,650||$32.20||$85,330.00|| |
|6/16/2014||Vincent D Foster||CEO||Buy||2,676||$31.44||$84,133.44|| |
|5/30/2014||John Earl Jackson||Director||Buy||1,015||$30.66||$31,119.90|| |
|5/20/2014||Michael Appling, Jr.||Director||Buy||16,500||$30.13||$497,145.00|| |
|4/15/2014||Vincent Foster||CEO||Buy||2,649||$31.43||$83,258.07|| |
|3/7/2014||David Magdol||Insider||Sell||100,000||$34.12||$3,412,000.00|| |
|1/15/2014||Vincent Foster||CEO||Buy||3,267||$34.68||$113,299.56|| |
|12/24/2013||Rodger Stout||EVP||Buy||1,074||$32.48||$34,883.52|| |
|12/24/2013||Vincent Foster||CEO||Buy||8,539||$32.48||$277,346.72|| |
|10/15/2013||Vincent D Foster||CEO||Buy||3,550||$30.25||$107,387.50|| |
|9/19/2013||John Earl Jackson||Director||Buy||1,000||$29.94||$29,940.00|| |
|9/16/2013||Vincent Foster||CEO||Buy||3,466||$29.86||$103,494.76|| |
|8/15/2013||Vincent Foster||CEO||Buy||3,492||$29.49||$102,979.08|| |
|7/26/2013||Vincent Foster||CEO||Buy||4,242||$30.82||$130,738.44|| |
|7/15/2013||Vincent D Foster||CEO||Buy||3,429||$29.68||$101,772.72|| |
|6/14/2013||Vincent D Foster||CEO||Buy||3,607||$28.05||$101,176.35|| |
|5/15/2013||Vincent D Foster||CEO||Buy||3,512||$28.69||$100,759.28|| |
|4/15/2013||Vincent D Foster||CEO||Buy||3,318||$30.18||$100,137.24|| |
|3/15/2013||Michael Appling Jr||Director||Buy||1,395||$32.31||$45,072.45|| |
|3/15/2013||Rodger A Stout||EVP||Buy||1,716||$32.31||$55,443.96|| |
|3/15/2013||Todd A Reppert||Chairman||Buy||2,887||$32.31||$93,278.97|| |
|3/15/2013||Vincent D Foster||CEO||Buy||5,811||$32.93||$191,356.23|| |
|1/15/2013||Vincent D Foster||CEO||Buy||9,804||$31.94||$313,139.76|| |
|12/14/2012||Rodger A Stout||EVP||Buy||1,078||$28.49||$30,712.22|| |
|12/14/2012||Todd A Reppert||Chairman||Buy||1,834||$28.49||$52,250.66|| |
|12/14/2012||Vincent D Foster||CEO||Buy||8,579||$28.66||$245,874.14|| |
|9/14/2012||Vincent D Foster||CEO||Buy||3,241||$28.34||$91,849.94|| |
|8/15/2012||Vincent D Foster||CEO||Buy||3,310||$27.31||$90,396.10|| |
Headline Trends for Main Street Capital Corporation (NYSE:MAIN)
Latest Headlines for Main Street Capital Corporation (NYSE:MAIN)
Main Street Capital Corporation (MAIN) Chart for Friday, October, 20, 2017