Main Street Capital (MAIN) Stock Price, News & Analysis

Company Overview

Main Street Capital Corporation has operated as a business development company for over a decade, providing valuable equity and debt capital to many lower-middle market companies. The company has established a reputation for its commitment to providing one-stop financing solutions that help entrepreneurs, business owners and management teams achieve their financial goals.

MSCC, headquartered in Houston, Texas, has an additional office in Chojnów, Poland. Its global reach allows the company to tap into a broad range of investment opportunities, and the company has a well-deserved reputation for identifying the most promising businesses.

MSCC's strong financial performance is a testament to its investment strategy. The company has consistently generated significant returns for its investors, and its net asset value per share has increased yearly. 

MSCC's financial performance drives a range of factors, including its ability to identify promising investment opportunities, its strong relationships with management teams and its ability to provide comprehensive financing solutions that meet each business's unique needs.

The company strongly focuses on ensuring its investments are well-diversified, with various assets across different industries and geographies. This strategy helps mitigate risk and ensure the company is well-positioned to weather economic challenges.

In addition to its strong financial performance, MSCC is committed to corporate social responsibility. The company has a range of initiatives focused on environmental, social and governance issues and is committed to positively impacting the communities in which it operates.

Main Street Capital Corporation is a well-respected and successful business development company committed to providing valuable financing solutions to lower-middle market companies.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $55.60 to $56.87
• 50-Day Range: $49.95 to $56.40
• 52-Week Range: $42.53 to $56.87
• Volume: 747,644 shs
• Average Volume: 368,643 shs
• Market Capitalization: $4.97 billion
• P/E Ratio: 10.22
• Dividend Yield: 5.21%
• Price Target: $48.80
• Consensus Rating: Hold

Main Street Capital Stock Analysis - MarketRank™

Main Street Capital scored higher than 22% of companies evaluated by MarketBeat, and ranked 869th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Main Street Capital has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Main Street Capital has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.43%

Earnings Growth

Earnings for Main Street Capital are expected to decrease by -2.43% in the coming year, from $4.11 to $4.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Main Street Capital is 10.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Main Street Capital is 10.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

Price to Book Value per Share Ratio

Main Street Capital has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.06% of the outstanding shares of Main Street Capital have been sold short.

Short Interest Ratio / Days to Cover

Main Street Capital has a short interest ratio ("days to cover") of 9.9.

Change versus previous month

Short interest in Main Street Capital has recently increased by 0.56%, indicating that investor sentiment is decreasing.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Main Street Capital is a leading dividend payer. It pays a dividend yield of 5.26%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Main Street Capital does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Main Street Capital is 53.26%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Main Street Capital will have a dividend payout ratio of 73.32% next year. This indicates that Main Street Capital will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.06% of the outstanding shares of Main Street Capital have been sold short.

Short Interest Ratio / Days to Cover

Main Street Capital has a short interest ratio ("days to cover") of 9.9.

Change versus previous month

Short interest in Main Street Capital has recently increased by 0.56%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.30

News Sentiment

Main Street Capital has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Main Street Capital this week, compared to 7 articles on an average week.

Search Interest

105 people have searched for MAIN on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.

MarketBeat Follows

20 people have added Main Street Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Main Street Capital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.00% of the stock of Main Street Capital is held by insiders.

Percentage Held by Institutions

Only 20.31% of the stock of Main Street Capital is held by institutions.

MAIN Stock Analysis - Frequently Asked Questions

How have MAIN shares performed this year?

Main Street Capital's stock was trading at $43.23 on January 1st, 2024. Since then, MAIN stock has increased by 30.5% and is now trading at $56.40.
View the best growth stocks for 2024 here.

How were Main Street Capital's earnings last quarter?

Main Street Capital Co. (NYSE:MAIN) posted its quarterly earnings data on Thursday, August, 8th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. The financial services provider had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. Main Street Capital had a net margin of 89.25% and a trailing twelve-month return on equity of 13.83%.

Who are Main Street Capital's major shareholders?

Main Street Capital's top institutional shareholders include Van ECK Associates Corp (1.39%), Adell Harriman & Carpenter Inc. (0.48%), Sound Income Strategies LLC (0.41%) and Franklin Resources Inc. (0.25%). Insiders that own company stock include Jason B Beauvais, Nicholas Meserve, John Earl Jackson, David L Magdol, Vincent D Foster and Dwayne L Hyzak.
View institutional ownership trends.

How do I buy shares of Main Street Capital?

Shares of MAIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Main Street Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Main Street Capital investors own include JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Symbotic (SYM), Chevron (CVX), Bristol-Myers Squibb (BMY), Voya Infrastructure, Industrials and Materials Fund (IDE), Comcast (CMCSA) and Toronto-Dominion Bank (TD).

Company Calendar

• Last Earnings: 8/08/2024
• Ex-Dividend for 12/27 Dividend: 12/20/2024
• Today: 12/22/2024
• Dividend Payable: 12/27/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/15 Dividend: 1/08/2025
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Eating places
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NYSE:MAIN
• CUSIP: 56035L10
• CIK: 1396440
• Web: www.mainstcapital.com
• Phone: (713) 350-6000
• Fax: 713-350-6042
• Employees: 100
• Year Founded: 1997

Price Target and Rating

• Average Stock Price Target: $48.80
• High Stock Price Target: $52.00
• Low Stock Price Target: $44.00
• Potential Upside/Downside: -13.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.52
• Trailing P/E Ratio: 10.22
• Forward P/E Ratio: 13.72
• P/E Growth: N/A
• Net Income: $428.45 million
• Net Margins: 89.25%
• Pretax Margin: 95.48%
• Return on Equity: 13.83%
• Return on Assets: 7.37%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 0.08
• Quick Ratio: 0.08

Sales & Book Value

• Annual Sales: $567.16 million
• Price / Sales: 8.77
• Cash Flow: $4.17 per share
• Price / Cash Flow: 13.51
• Book Value: $29.58 per share
• Price / Book: 1.91

Miscellaneous

• Outstanding Shares: 88,178,000
• Free Float: 84,651,000
• Market Cap: $4.97 billion
• Optionable: Optionable
• Beta: 1.30