Main Street Capital Corporation (MAIN)

US — Financial Services Sector
Peers: GLAD  PFLT  HRZN  PSEC  HTGC  FSK  GAIN  SCM  ARCC  TPVG  TSLX  CSWC 

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Key Metrics & Ratings

  • symbol MAIN
  • Rev/Share 8.2908
  • Book/Share 32.0156
  • PB 1.7701
  • Debt/Equity 0.7933
  • CurrentRatio 2.5884
  • ROIC 0.0988

 

  • MktCap 5045296098.0
  • FreeCF/Share 0.119
  • PFCF 477.7743
  • PE 9.7237
  • Debt/Assets 0.4273
  • DivYield 0.0734
  • ROE 0.1896

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 3
  • DCF Score 1
  • P/B Score 1
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
No ratings available.

News

Fat Dividends Served Reality Check
AGNC, ARCC, ARR, BXMT, BXSL, CHMI, CIM, CSWC, DX, EFC, FBRT, FSK, GAIN, GBDC, GPMT, MAIN, MFA, MITT, NLY, NYMT, OBDC, OCSL, ORC, RC, RITM
Published: May 29, 2025 by: Seeking Alpha
Sentiment: Negative

Big dividends sound great, but how about big losses? Since Q2 2025 began, book values got smacked. Not talking about share prices. You can tell if the share price declined (hopefully). That would be a worthless article. One of these high-yield sectors has been doing much better than the others.

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image for news Fat Dividends Served Reality Check
3 Cash-Cow Monthly Dividend Stocks to Buy and Forget
MAIN, O, STAG
Published: May 28, 2025 by: 24/7 Wall Street
Sentiment: Positive

Monthly dividend stocks are worth considering ahead of a potential downturn. Dividend-paying businesses have strong cash flows and can weather a recession better.

Read More
image for news 3 Cash-Cow Monthly Dividend Stocks to Buy and Forget
2 BDCs That Qualify For The Retirement Income League
KBDC, MAIN
Published: May 23, 2025 by: Seeking Alpha
Sentiment: Positive

Business development companies, or BDCs, are inherently risk-on assets that operate in a volatile segment (private credit). In most cases they do not go well together with retirement income portfolios. Yet, there are some rare exceptions.

Read More
image for news 2 BDCs That Qualify For The Retirement Income League
Main Street Announces New Portfolio Investment
MAIN
Published: May 22, 2025 by: PRNewsWire
Sentiment: Neutral

Invests $42.5 Million in Recapitalization of Doral Corporation HOUSTON , May 22, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment to facilitate the minority recapitalization of Doral Corporation ("Doral" or the "Company"), a leading midwestern U.S. based contractor specializing in rigging, millwrighting, machinery moving, steel fabrication and material handling installation. Main Street partnered with the Company's existing owner to facilitate the transaction, with Main Street funding $42.5 million in a combination of first lien, senior secured term debt and a direct equity investment.

Read More
image for news Main Street Announces New Portfolio Investment
It Is Hard To Imagine A Retirement Portfolio Without These 3 Big Dividends
ARCC, BAM, BIP, BN, MAIN, MPC, MPLX
Published: May 19, 2025 by: Seeking Alpha
Sentiment: Positive

Retiring on dividends offers peace of mind, focusing on dependable cash flow rather than market volatility or portfolio value swings. Therefore, finding big yet low-risk dividends is ideal. We share 3 yields of ~8% that appear very well-suited for a retirement portfolio.

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image for news It Is Hard To Imagine A Retirement Portfolio Without These 3 Big Dividends
Main Street Capital: Trade De-Escalation Could Propel It To New Highs While Paying A Substantial Dividend
MAIN
Published: May 17, 2025 by: Seeking Alpha
Sentiment: Positive

Main Street Capital is poised to benefit from trade war de-escalation and sustained high interest rates, supporting a fair value estimate of $63 per share. The company's internally managed structure, diversified portfolio, and consistent dividend growth underpin its strong investment case and premium valuation. With most debt fixed and investments floating, higher rates will boost profitability, supporting an anticipated $4.245 dividend in 2025 (8% yield).

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image for news Main Street Capital: Trade De-Escalation Could Propel It To New Highs While Paying A Substantial Dividend
Main Street Capital: Why The Market Keeps Paying A Premium
MAIN
Published: May 16, 2025 by: Seeking Alpha
Sentiment: Positive

MAIN stands out for its disciplined, internally managed BDC model, prioritizing sustainable dividends and steady NAV growth over headline yields. Q1 2025 results showcased strong NAV growth, robust dividend coverage, and a standout equity exit, reinforcing MAIN's value-creation strategy. The company's conservative dividend policy, with regular and supplemental payouts, ensures reliability and resilience even in volatile markets.

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image for news Main Street Capital: Why The Market Keeps Paying A Premium
Main Street Capital: Following Up On A Thesis
MAIN
Published: May 16, 2025 by: Seeking Alpha
Sentiment: Positive

MAIN's valuation reached an unsustainable 2.0x book value, prompting me to sell due to mean reversion risk and limited upside. After a sharp 20% decline and NAV growth, the Company now trades near its historical average valuation, making it more attractive again. MAIN continues to deliver strong investment results, recently realizing a 72.2% IRR on a portfolio exit, supporting special distributions.

Read More
image for news Main Street Capital: Following Up On A Thesis
Main Street Capital: A Good Choice To Navigate Concerns Of The BDC Sector
MAIN
Published: May 15, 2025 by: Seeking Alpha
Sentiment: Neutral

Main Street Capital remains a top-quality BDC with solid fundamentals, strong management, and consistent income generation, as evidenced by robust Q1 earnings. Despite a recent 11.5% price decline, MAIN still trades at a 68.5% premium to NAV, well above its historical average. Macro risks and sector-wide premium valuations make me hesitant to add to my MAIN position or increase BDC exposure right now.

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image for news Main Street Capital: A Good Choice To Navigate Concerns Of The BDC Sector
Main Street Capital Corporation (MAIN) Q1 2025 Earnings Call Transcript
MAIN
Published: May 09, 2025 by: Seeking Alpha
Sentiment: Neutral

Main Street Capital Corporation (NYSE:MAIN ) Q1 2025 Earnings Conference Call May 9, 2025 10:00 AM ET Company Participants Zach Vaughan - Investor Relations, Dennard Lascar Associates LLC Dwayne Hyzak - Chief Executive Officer David Magdal - President and CIO Ryan Nelson - Chief Financial Officer Nick Meserve - Managing Director and Head, Main Street's Private Credit Investment Group Conference Call Participants Robert Dodd - Raymond James Mark Hughes - Truist Securities Douglas Harter - UBS Sean-Paul Adams - B. Riley Securities Operator Greetings.

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image for news Main Street Capital Corporation (MAIN) Q1 2025 Earnings Call Transcript
Main Street Capital Q1 Earnings Beat Estimates, Expenses Rise Y/Y
MAIN
Published: May 09, 2025 by: Zacks Investment Research
Sentiment: Positive

MAIN's first-quarter 2025 results benefit from higher investment income. Yet, rising expenses act as a spoilsport.

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image for news Main Street Capital Q1 Earnings Beat Estimates, Expenses Rise Y/Y
Boomers Are Buying 5 Safe Monthly Dividend Stocks Delivering Huge Passive Income
ADC, APLE, EPR, MAIN, O
Published: May 05, 2025 by: 24/7 Wall Street
Sentiment: Positive

Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.

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image for news Boomers Are Buying 5 Safe Monthly Dividend Stocks Delivering Huge Passive Income
Main Street Announces Amendment of its Corporate Credit Facility
MAIN
Published: May 01, 2025 by: PRNewsWire
Sentiment: Neutral

Interest Rate Decreased Total Commitments Increased to $1.145 Billion Final Maturity Date Extended to April 2030 HOUSTON , May 1, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the amendment of its revolving credit facility (the "Corporate Facility"). The recently closed amendment decreases the interest rate to the applicable Secured Overnight Financing Rate ("SOFR") plus a credit spread adjustment of 0.10% plus (a) 1.775% prior to satisfying certain step-down conditions or (b) 1.65% after satisfying certain step-down conditions.

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image for news Main Street Announces Amendment of its Corporate Credit Facility
2 Monthly Dividend Stocks Spraying Passive Income Around
MAIN, O
Published: April 30, 2025 by: 24/7 Wall Street
Sentiment: Positive

Looking back on the stock market's last 100 years, we find dividend investing beats all other stocks.

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image for news 2 Monthly Dividend Stocks Spraying Passive Income Around
2 Strategic Retirement Income Picks At Wonderful Prices
MAIN, WES
Published: April 29, 2025 by: Seeking Alpha
Sentiment: Positive

When becoming financially independent or when transitioning into a retirement phase, one automatically becomes dependent on his/her portfolio. In this period, the room for error is extremely small and the consequences of bad investments could be severe. One way to mitigate these risks (including outliving the accumulated asset base) is to calibrate the investments strategy towards income producing securities.

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image for news 2 Strategic Retirement Income Picks At Wonderful Prices
These Assets Helped Me Achieve $3000 In Monthly Dividend Income
ARCC, BXSL, GOF, JEPI, MAIN, OBDC, SPY, VOO
Published: April 28, 2025 by: Seeking Alpha
Sentiment: Positive

I transitioned from traditional S&P 500 index funds to high-yield dividend assets to build a more secure income stream. I eventually crossed an average above $3K per month. Business Development Companies like Ares Capital and Blackstone Secured Lending offer high dividend yields, making them attractive for income-focused portfolios. Option ETFs, such as JPMorgan Equity Premium Income ETF, provide substantial income but may underperform traditional indexes in total return.

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image for news These Assets Helped Me Achieve $3000 In Monthly Dividend Income
Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)
AGNC, ARCC, ARR, BXMT, BXSL, CHMI, CIM, CSWC, DX, EFC, FBRT, FSK, GAIN, GBDC, GPMT, MAIN, MFA, MITT, NLY, NYMT, OBDC, OCSL, ORC, PMT, RC
Published: April 21, 2025 by: Seeking Alpha
Sentiment: Positive

Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable.

Read More
image for news Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)
High-Yield Investors Rejoice: 2 Growth-Oriented BDCs Attractive On The Price Drop
ARCC, BIZD, BX, BXSL, MAIN, MS, MSDL
Published: April 21, 2025 by: Seeking Alpha
Sentiment: Positive

Market volatility offers dividend investors a chance to buy high-quality BDCs like Blackstone Secured Lending and Morgan Stanley Direct Lending at attractive prices. Despite recession fears, BXSL and MSDL's strong fundamentals, low non-performing loans, and robust liquidity make them appealing investment opportunities. BXSL's $28 price and MSDL's discount to NAV present attractive entry points, backed by well-known asset managers and growth-focused strategies.

Read More
image for news High-Yield Investors Rejoice: 2 Growth-Oriented BDCs Attractive On The Price Drop
Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid
BIZD, LRFC, MAIN, PSEC, PTMN
Published: April 17, 2025 by: Seeking Alpha
Sentiment: Positive

BDCs have gone through a notable repricing. Some of them are trading now at a deep discount territory. These deep discounts enhance the risk to reward ratios, especially for those that have been unfairly punished.

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image for news Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid
Got $1,000 to Invest? 5 Elite High-Yield Stocks to Buy Now
AGNC, EPR, MAIN, T, XOM
Published: April 15, 2025 by: 24/7 Wall Street
Sentiment: Positive

If you have an extra $1,000 laying around, you may want to put it to use in high-yielding stocks.

Read More
image for news Got $1,000 to Invest? 5 Elite High-Yield Stocks to Buy Now
Very Bad News For BDCs: How To Play President Trump's Tariff Volatility
ARCC, BIZD, BXSL, MAIN, MSDL
Published: April 10, 2025 by: Seeking Alpha
Sentiment: Negative

The business development company, or BDC, sector's strong run appears to be coming to an end. The dividend party may be over, and I share one sector favorite whose dividend may surprisingly be in trouble. I also share one BDC, whose dividend remains relatively safe and its stock trades at a compelling valuation.

Read More
image for news Very Bad News For BDCs: How To Play President Trump's Tariff Volatility
How To Navigate BDC Investing In Lower Interest Rate Environment
FDUS, GLAD, KBDC, MAIN
Published: April 01, 2025 by: Seeking Alpha
Sentiment: Negative

Lower interest rates negatively impact BDCs' net investment income due to the floating rate nature of their loans tied to the Fed Funds rate. A typical BDC portfolio, with a debt to equity ratio of 1.0x, cannot fully offset lower rates through floating leverage. However, there are some ways to manage this situation.

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image for news How To Navigate BDC Investing In Lower Interest Rate Environment
Let's Talk Mortgage REITs (But Not For Too Long)
AGNCM, ARR, BXMT, BXSL, CHMI, CIM, CSWC, DLR, DX, EFC, FSK, GAIN, GBDC, IVR, MAIN, MFA, NLY, NYMT, ORC, PMT, RC, RITM, TSLX, TWO
Published: March 26, 2025 by: Seeking Alpha
Sentiment: Neutral

A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!

Read More
image for news Let's Talk Mortgage REITs (But Not For Too Long)
Strategically Building A $100,000 Dividend Portfolio For Attractive Income And Strong Risk-Adjusted Returns
AAPL, AMZN, ARCC, BAC, BBSEY, BEP, BHP, BLK, BTI, CNQ, GOOG, GOOGL, HDV, JNJ, JPM, KO, LIN, MA, MAIN, MO, MSFT, NEE, NKE, O, PBR
Published: March 26, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Income Accelerator Portfolio focuses on financially healthy companies with strong balance sheets, aiming to generate sustainable dividend income and reduce portfolio volatility. Recent additions like Canadian Natural Resources and NextEra Energy enhance dividend growth potential and diversify sector allocation, reducing Financials Sector concentration. The portfolio boasts a Weighted Average Dividend Yield [FWD] of 3.98% and a 5-Year Weighted Average Dividend Growth Rate [CAGR] of 7.82%, ensuring attractive income and growth.

Read More
image for news Strategically Building A $100,000 Dividend Portfolio For Attractive Income And Strong Risk-Adjusted Returns
Main Street Announces New Portfolio Investment
MAIN
Published: March 25, 2025 by: PRNewsWire
Sentiment: Neutral

Invests $49.3 Million in Recapitalization of Moffitt Holdings, LLC HOUSTON , March 25, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $49.3 million to facilitate the minority recapitalization of Moffitt Holdings, LLC, dba Moffitt Services ("Moffitt" or the "Company"), a leading bulk fuel and lubricant distribution solutions provider for a diverse group of industries. Main Street partnered with Moffitt's founders and management team to facilitate the minority recapitalization.

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image for news Main Street Announces New Portfolio Investment
MSC Income Fund Amends and Extends its SPV Credit Facility
MAIN, MSIF
Published: March 25, 2025 by: PRNewsWire
Sentiment: Neutral

Interest Rate Reduced; Maturity of the Facility Extended to February 2030 HOUSTON , March 25, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce that its wholly-owned subsidiary, MSIF Funding, LLC, recently amended its special purpose vehicle revolving credit facility (the "SPV Facility") with JPMorgan Chase Bank, National Association. The recently closed amendment decreases the interest rate to three-month Secured Overnight Financing Rate ("SOFR") plus 2.20% from the prior interest rate of three-month SOFR plus 3.00% per annum.

Read More
image for news MSC Income Fund Amends and Extends its SPV Credit Facility
1 BDC And 1 MLP For 9% Non-Cyclical Retirement Income
ENB, ET, MAIN, MSIF, WES
Published: March 17, 2025 by: Seeking Alpha
Sentiment: Positive

The recent events in the market have made risk mitigation a relevant topic once again. This is especially important for investors, who want to maximize yield, while keeping the risks balanced (and income cut distant). In this article I have shared two picks, which offer close to 9% yields and the necessary fundamentals to deliver non-cyclical (de-risked) distributions.

Read More
image for news 1 BDC And 1 MLP For 9% Non-Cyclical Retirement Income
2 Powerful Catalysts Are Emerging For Dividend Stocks: My Top Picks
ARCC, BEP, BEPC, BIP, BIPC, BIZD, BX, ENB, MAIN, NEE, O, QQQ, SCHD, XLU
Published: March 14, 2025 by: Seeking Alpha
Sentiment: Positive

A major market shift is happening - here's why dividend investors could win big in 2025. These overlooked high-yield stocks are still trading at a massive discount despite major tailwinds. The Fed's next move could send dividend stocks soaring—are you positioned to profit?

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image for news 2 Powerful Catalysts Are Emerging For Dividend Stocks: My Top Picks
Main Street Capital: Price Matters Even For 'First Class', Hence I'm Selling
MAIN
Published: March 12, 2025 by: Seeking Alpha
Sentiment: Positive

Main Street Capital is a top-tier BDC with a strong fundamental base but trades at a high P/NAV multiple of 1.93x. MAIN's conservative capital structure and positive NAV growth are significant assets, but its total yield of 7.3% is low compared to the sector average. MAIN's high premium is hard to justify given current market headwinds, including lower base rates, tighter spreads, and increased risk of corporate bankruptcies.

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image for news Main Street Capital: Price Matters Even For 'First Class', Hence I'm Selling
Passive Income Seekers Should Look at These Monthly Dividend Paying Stocks
MAIN, O, PECO
Published: March 11, 2025 by: 24/7 Wall Street
Sentiment: Positive

Dividend stocks are gaining popularity again due to the recent wave of bearishness in the stock market.

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image for news Passive Income Seekers Should Look at These Monthly Dividend Paying Stocks

About Main Street Capital Corporation (MAIN)

  • IPO Date 2007-10-09
  • Website https://www.mainstcapital.com
  • Industry Asset Management
  • CEO Mr. Dwayne Louis Hyzak CPA
  • Employees 104

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth. The firm also provides debt capital to middle market companies for acquisitions, management buyouts, growth financings, recapitalizations and refinancing. 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, road and rail, software, specialty retail, telecommunication, consumer discretionary, energy, materials, technology, and transportation. The firm typically invests in lower middle market companies generally with annual revenues between $5 million and $300 million. It prefers to invest in ranging between $2 million and $75 million in equity investment and enterprise value in ranging between $3 million and $20 million. The firm typically prefers to invest in the range of $5 million and $50 million per transaction in debt investment value and in the range of $1 million and $20 million in annual EBITDA. 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 office in Chojnów, Poland.