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

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$37.58 -0.30 (-0.79 %)
(As of 12/10/2018 06:14 AM ET)
Previous Close$37.88
Today's Range$37.46 - $38.00
52-Week Range$34.37 - $40.82
Volume237,257 shs
Average Volume207,475 shs
Market Capitalization$2.29 billion
P/E Ratio15.72
Dividend Yield6.23%
Beta0.81
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. 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
Current SymbolNYSE:MAIN
Previous Symbol
CUSIP56035L10
Phone713-350-6000

Debt

Debt-to-Equity Ratio0.22
Current Ratio0.13
Quick Ratio0.13

Price-To-Earnings

Trailing P/E Ratio15.72
Forward P/E Ratio14.80
P/E GrowthN/A

Sales & Book Value

Annual Sales$205.74 million
Price / Sales11.14
Cash Flow$2.3785 per share
Price / Cash Flow15.80
Book Value$23.76 per share
Price / Book1.58

Profitability

EPS (Most Recent Fiscal Year)$2.39
Net Income$170.62 million
Net Margins95.77%
Return on Equity10.61%
Return on Assets6.30%

Miscellaneous

Employees58
Outstanding Shares60,990,000
Market Cap$2.29 billion
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 declared a dividend on Wednesday, October 10th. Investors of record on Tuesday, December 18th will be paid a dividend of $0.275 per share on Thursday, December 27th. The ex-dividend date is Monday, December 17th. This is a positive change from Main Street Capital's previous dividend of $0.20. View Main Street Capital's Dividend History.

How were Main Street Capital's earnings last quarter?

Main Street Capital Co. (NYSE:MAIN) released its earnings results on Thursday, November, 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.62 by $0.01. The financial services provider earned $58.26 million during the quarter, compared to the consensus estimate of $59.19 million. Main Street Capital had a return on equity of 10.61% and a net margin of 95.77%. Main Street Capital's revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. 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, February 28th 2019. View Earnings Estimates for Main Street Capital.

What price target have analysts set for MAIN?

5 equities research analysts have issued 12-month target prices for Main Street Capital's stock. Their forecasts range from $35.00 to $41.00. On average, they expect Main Street Capital's stock price to reach $38.80 in the next year. This suggests a possible upside of 3.2% from the stock's current price. View Analyst Price Targets for Main Street Capital.

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

5 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 2 buy ratings 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. " (12/7/2018)
  • 2. National Securities analysts commented, " Main Street posted NII/share of $0.63 for 3Q18, matching our estimate and comfortably ahead of the $0.57/share regular quarterly dividend. The company guided towards DNII/share (NII + share-based compensation) of $0.63-$0.65 for 4Q18, which we think is a roughly $0.04/share difference from NII (NII/share likely $0.59-$0.61).
     We expect the guidance being lower than 3Q18 numbers is likely in anticipation of reduced fee income which was $3.4 million for 3Q18 compared with $1.9 million the quarter prior. Notably, total repayments increased Q/Q to $198.9 million from $148.0 million which we expect drove the elevated fee income. For 4Q18, we model total repayments to decline to $146.1 million and fee income to fall concomitant with this to $1.7 million.
     The company has decided to phase out its supplemental dividend policy. As a reminder, MAIN typically pays a supplemental dividend in both the second and fourth quarters of the year as a result of its realized gains. The company will begin to reduce the supplemental dividends and increase the base dividend beginning in 2Q19 with the supplemental dividend being reduced to $0.25/share from $0.275/share and the regular dividend being increased to $0.60/share from $0.57/share.
     NAV/share increased 3.1% Q/Q to $24.69 from $23.96 as the positive feedback loop of MAIN being permitted to issue shares significantly above NAV combined with an out-earned dividend and sound asset quality continued to lift NAV. The company sold $18.6 million of equity in 3Q18 at an average price of $39.71, representing a 66% premium to 2Q18 NAV/share.
     We are revising our 2018 NII/share estimate to $2.52 from $2.55 and our 2019 NII/share estimate to $2.63 from $2.66 and maintaining our NEUTRAL rating and our $38 price target." (11/5/2018)

Has Main Street Capital been receiving favorable news coverage?

News stories about MAIN stock have trended very positive recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Main Street Capital earned a news impact score of 3.6 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the company's share price in the near future.

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)

Who are Main Street Capital's major shareholders?

Main Street Capital's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Burgundy Asset Management Ltd. (2.72%), Macquarie Group Ltd. (1.57%), Muzinich & Co. Inc. (1.19%), Bank of Montreal Can (1.06%), Sanders Morris Harris LLC (0.67%) and McGowan Group Asset Management Inc. (0.66%). 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 Sanders Morris Harris LLC, Muzinich & Co. Inc., Burgundy Asset Management Ltd., Cornerstone Wealth Management LLC, Capital Fund Management S.A., Usca Ria LLC, LPL Financial LLC and Macquarie Group Ltd.. View Insider Buying and Selling for Main Street Capital.

Which major investors are buying Main Street Capital stock?

MAIN stock was acquired by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Envestnet Asset Management Inc., Bank of Montreal Can, Morgan Stanley, Sound Income Strategies LLC, BlackRock Inc., JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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 $37.58.

How big of a company is Main Street Capital?

Main Street Capital has a market capitalization of $2.29 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.

What is Main Street Capital's official website?

The official website for Main Street Capital is http://www.mainstcapital.com.

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:  304 (Vote Outperform)
Underperform Votes:  392 (Vote Underperform)
Total Votes:  696
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 12/10/2018 by MarketBeat.com Staff

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