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

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$38.24 -0.07 (-0.18 %)
(As of 04/18/2019 04:00 PM ET)
Previous Close$38.31
Today's Range$38.12 - $38.4176
52-Week Range$31.95 - $40.77
Volume128,350 shs
Average Volume246,896 shs
Market Capitalization$2.37 billion
P/E Ratio14.71
Dividend Yield6.20%
Beta0.95
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, manufacturing, media, 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

Industry Eating places
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP56035L10
Phone713-350-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$233.35 million
Cash Flow$2.6120 per share
Book Value$24.20 per share

Profitability

Net Income$168.21 million

Miscellaneous

Employees66
Market Cap$2.37 billion
Next Earnings Date5/2/2019 (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 declared a monthly dividend on Thursday, February 28th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.20 per share on Friday, June 14th. This represents a $2.40 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend is Friday, May 17th. View Main Street Capital's Dividend History.

How were Main Street Capital's earnings last quarter?

Main Street Capital Co. (NYSE:MAIN) posted its quarterly earnings results on Thursday, February, 28th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The financial services provider earned $59.28 million during the quarter, compared to analysts' expectations of $59.60 million. Main Street Capital had a return on equity of 10.76% and a net margin of 72.08%. 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, May 2nd 2019. View Earnings Estimates for Main Street Capital.

What price target have analysts set for MAIN?

4 brokerages have issued 1-year price objectives for Main Street Capital's shares. Their predictions range from $35.00 to $41.00. On average, they anticipate Main Street Capital's stock price to reach $38.50 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price. 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. " (4/10/2019)
  • 2. National Securities analysts commented, " For 4Q18, MAIN posted NII/share of $0.69, beating our estimate of $0.60 and the consensus estimate of $0.62. Compensation expense declined to $2.0mm from $5.8mm Q/Q due to one-time reductions in this line item. In our model, this had a $0.07/share impact on NII.
     NAV/share declined Q/Q to $24.09 from $24.69 but was up Y/Y from $23.53. Given the significant stock market volatility during the quarter, MAIN only tapped its ATM for $6.1mm. As a result of spread widening, Main Street’s MM (middle market) book depreciated by $26.6mm Q/Q and the PL (private loan) book by $17.9mm. LMM (lower middle market) investments appreciated by $21.0mm on the quarter.
     We do think that LMM book should have also been written down from wider spreads, however, as the risk premium in the market clearly went up as evidenced by the average bid on the LSTA index declining by 5.8% in 4Q18. Additionally, the significant equity investments should have also been written down in general given the stock market had one of the worst Decembers on record.
     We expect Main Street to maintain sound asset quality and think that the positive feedback loop of issuing shares via its ATM at substantial premiums to NAV should bode well for NAV increases going forward. These factors are why we continue to expect low-teens economic returns for the company although we think shares near fair value.
     We are revising our 2019 NII/share estimate to $2.60 from $2.63 and are rolling out our 2020 NII/share estimate of $2.73. We are maintaining our NEUTRAL rating and our $38 price target." (3/4/2019)

Has Main Street Capital been receiving favorable news coverage?

News coverage about MAIN stock has been trending somewhat negative this week, InfoTrie reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Main Street Capital earned a daily sentiment score of -1.6 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term.

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

What other stocks do shareholders of Main Street Capital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Main Street Capital investors own include AT&T (T), Altria Group (MO), Two Harbors Investment (TWO), Realty Income (O), Enterprise Products Partners (EPD), The Coca-Cola (KO), Bank of America (BAC), Johnson & Johnson (JNJ), Omega Healthcare Investors (OHI) and New Residential Investment (NRZ).

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 & Director (Age 46)
  • Mr. David L. Magdol, Pres & Chief Investment Officer (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 institutional and retail investors. Top institutional shareholders include Sound Income Strategies LLC (0.72%), Accurate Investment Solutions Inc. (0.18%), Confluence Investment Management LLC (0.16%), Pembroke Management LTD (0.12%), Wambolt & Associates LLC (0.12%) and Capital Investment Advisors LLC (0.07%). 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 Confluence Investment Management LLC, Monument Capital Management and Capital Investment Advisors LLC. 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 Pembroke Management LTD, Sound Income Strategies LLC, Accurate Investment Solutions Inc., Wambolt & Associates LLC, First Financial Corp IN, Guild Investment Management Inc. and Wedbush Securities Inc.. 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 $38.24.

How big of a company is Main Street Capital?

Main Street Capital has a market capitalization of $2.37 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.

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:  317 (Vote Outperform)
Underperform Votes:  418 (Vote Underperform)
Total Votes:  735
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 4/18/2019 by MarketBeat.com Staff

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