Main Street Capital Corp MAIN

$53.15 -0.68 (-1.26%)

Valuation

Market cap
5,033,536,000
Revenue TTM
$566,390,000
Net income TTM
$493,400,000
PE ratio
13.70
Forward PE
14.40
Profit margin
87.11%
Debt to equity
0.08

Trading

Volume
622,660
Avg volume
484,334
Day's range
$52.41 – $53.78
Shares out
93,508,000
Stochastic %K
30%
Beta
0.74
Analysts
Sell
Price target
$57.94

Price

Company profile

Main Street Capital Corporation is a business development company and a small business investment company specializing in direct and indirect investments. In direct investments, the firm specializes in private equity capital to lower middle market companies. The firm specializes in recapitalizations, loan, growth capital, mezzanine debt, corporate carveouts, family estate planning, management buyouts, refinancing, pr...

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Main Street Capital Corporation is a business development company and a small business investment company specializing in direct and indirect investments. In direct investments, the firm specializes in private equity capital to lower middle market companies. The firm specializes in recapitalizations, loan, growth capital, mezzanine debt, corporate carveouts, family estate planning, management buyouts, refinancing, private loan, private credit solutions, senior secured term debt, unintranche term debt, subordinated debt, preferred equity, common equity, minimal or no fixed amortization, split lien term debt, industry consolidation, mature, later stage and emerging growth. The firm makes both control and non-control equity investments. The firm also provides debt capital to middle market companies for strategic acquisitions, management buyouts, growth financings, majority and minority recapitalizations, and refinancing. The firm also makes equity co-investments. The firm provides debt financing solutions for acquisitions, recapitalizations, and refinancing to middle market companies. The firm provides private debt and private equity capital to lower middle market companies and debt capital to middle market companies. The firm seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. It prefers to invest in air freight and logistics, auto components, building products, chemicals, commercial services, computers, construction and engineering, consumer finance, consumer services, electronic equipment, energy equipment and services, financial services, health care equipment, health care providers, hotels, restaurants, and leisure, internet software and services, IT Services, machinery, oil, gas and consumable fuels, paper and forest products, professional and industrial services, manufacturing, road and rail, software, specialty retail, telecommunication, consumer discretionary, energy, materials, concrete, plumbing pipes, electrical component, heavy electrical equipment, media, utilities, technology, and transportation. The firm invests in Southwest of the United States of America. The firm typically invests in business services, commercial and professional services, communication services, consumer discretionary, consumer staples, lower middle market companies ranging between $5 million and $125 million in equity investment with annual revenues between $10 million and $150 million and EBITDA in ranging between $3 million and $20 million. The firm typically prefers to invest in the range of $5 million and $150 million per transaction in debt investment value but holds the ability to lead debt financings up to $250 million. For credit solutions, the firm invests between $10 million and $150 million with an EBITDA in the range of $7.5 million and $50 million. The firm loan portfolio companies generally have annual revenues between $25 million and $500 million. The firm's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies. It takes 5 percent minority and up to 50 percent majority equity investments. Main Street Capital Corporation was founded in 2007 and is based in Houston, Texas with an additional offices in Chicago, United States and Chojnów, Poland.

Industry
Asset Management
Sector
Financial Services
Phone
713 350 6000
Website
https://www.mainstcapital.com
Address
1300 Post Oak Boulevard, 8th Floor, Houston, United States

Latest news

Stocktwits

VannaBlack Oct 19, 9:39 PM
$MSIF $MAIN Are all of $MSIF fixed rate loans or something? Its trading at <0.7 to NAV. This is rock bottom deal area. They only have a small part of their loans on non-accrual, nothing jumped out at me and it's run by the same exact people as $MAIN. It's a bit bewildering tbh bc I'm missing something. I know $MAIN has around ~70% fixed rate loans but due to their premium valuation they just iussue shares and use the proceeds to generate new loans. For both there is no concentration risk. I understand $MAIN falling but then $PFLT can't catch a bid. They are ALL floating rate & usually outperform during a rising rate environment. There must be some bad loans hidden in these but I can't find them or its just a sell everything and ask questions later.
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Elpapibh Oct 19, 2:51 PM
$MAIN a close at 52 will drive yield to 6% without supplemental div. Macros are scary though, a hike above 6% Fed rate is no good
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dalyconcepts Oct 19, 1:51 PM
$MAIN At $50, the volume will be insane... Didn't think it was going to get there, but now that the year low broke....
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RallyRocket Oct 19, 2:10 AM
$MAIN This has my attention for reasons I can’t quite put into words yet.
2 replies
Bigunit02 Oct 15, 2:23 PM
$MAIN YESSS
0 replies
ajmrtxl Oct 14, 3:44 PM
$MAIN 's latest squeeze play
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Dividendology Oct 14, 2:45 PM
$MAIN’s monthly dividend looks well covered. But investors should be prepared for the possibility of smaller supplemental dividends over the next year. That distinction matters if you’re buying Main Street Capital for income. 👇 MAIN pays shareholders two types of dividends: • A regular monthly base dividend. • Supplemental dividends that distribute additional income when available. Based on the figures in my latest analysis, the base dividend yield is approximately 5.7%. Including supplemental payments, the total yield rises to roughly 7.8%. The mistake is treating that entire 7.8% as equally dependable. MAIN’s base dividend coverage is approximately 133%, meaning the company generates about $1.33 in earnings for every $1 of base dividends paid. That provides a meaningful cushion for the monthly payment. MAIN also has an exceptional track record: It has never reduced its regular monthly dividend rate. The supplemental dividend deserves a closer look. Management’s outlook called for third-quarter 2026 distributable net investment income BEFORE TAX of at least $0.97 per share. Meanwhile, annualizing the dividend payments in my analysis produces approximately $4.38 per share, or about $1.095 per quarter. At the $0.97 earnings floor, that would leave a gap of roughly $0.125 per share between quarterly earnings and total distributions, even before accounting for taxes. That does NOT mean a supplemental dividend reduction is guaranteed. “At least” $0.97 is a floor, and realized gains or previously accumulated undistributed taxable income can also help support distributions. One quarter’s outlook alone doesn’t establish that the current payout is unsustainable. But it does show why investors shouldn’t assume the recent supplemental payment will continue indefinitely. If earnings don’t cover the combined payout over time, maintaining the same supplemental dividend becomes harder. There’s also credit quality to watch. Non-accrual investments have risen to roughly 4% of the portfolio at cost. If more borrowers stop paying interest, that could put additional pressure on earnings and supplemental distributions. I still view MAIN as one of the highest-quality BDCs. Its internal management structure, history of growing NAV per share, and ability to issue shares above NAV are meaningful advantages. Those strengths support my confidence in the base dividend. But a strong business can still pay a smaller supplemental dividend. For investors building a portfolio to live off dividends, I would budget around MAIN’s base monthly payment and treat the supplemental distributions as additional income. My view: The base dividend appears well protected based on current coverage. A reduction in supplemental dividends over the next year is a realistic possibility.
0 replies
somebidy Oct 14, 2:10 PM
$MAIN added more today
0 replies