Main Street Capital Corporation is a private equity firm specializes in equity capital to lower middle market companies. 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. The firm typically invests in lower middle market companies generally with annual revenues between $10 million and $150 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 makes majority and minority equity investments. Main Street Capital Corporation was founded in 2007 and is based in Houston, Texas.
IPO Year: 2007
Exchange: NYSE
Website: mainstcapital.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2024 | $47.00 | Buy → Neutral | B. Riley Securities |
| 6/30/2023 | $45.00 | Market Perform → Outperform | Hovde Group |
| 12/19/2022 | $40.00 | Neutral | UBS |
| 12/12/2022 | $42.00 | Buy | B. Riley Securities |
| 8/8/2022 | Outperform → Mkt Perform | Raymond James | |
| 3/7/2022 | $44.00 | Market Perform | Hovde Group |
| 11/9/2021 | $45.00 → $48.00 | Outperform | RBC Capital |
| 11/8/2021 | $44.00 → $47.00 | Outperform | Raymond James |
| 10/5/2021 | $39.00 | Perform | Oppenheimer |
| 10/5/2021 | Perform | Oppenheimer |
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
4 - Main Street Capital CORP (0001396440) (Issuer)
FWP - Main Street Capital CORP (0001396440) (Subject)
10-Q - Main Street Capital CORP (0001396440) (Filer)
8-K - Main Street Capital CORP (0001396440) (Filer)
8-K - Main Street Capital CORP (0001396440) (Filer)
8-K - Main Street Capital CORP (0001396440) (Filer)
8-K - Main Street Capital CORP (0001396440) (Filer)
40-17G - Main Street Capital CORP (0001396440) (Filer)
8-K - Main Street Capital CORP (0001396440) (Filer)
8-K - Main Street Capital CORP (0001396440) (Filer)
497AD - Main Street Capital CORP (0001396440) (Filer)
Preliminary Estimates of Second Quarter 2024 Results Main Street's preliminary estimate of second quarter 2024 net investment income ("NII") is $1.00 to $1.02 per share and distributable net investment income ("DNII") is $1.06 to $1.08 per share.(1) Main Street's preliminary estimate of net asset value ("NAV") per share as of June 30, 2024 is $29.77 to $29.83, representing an increase of $0.23 to $0.29 per share, or 0.8% to 1.0%, from the NAV per share of $29.54 as of March 31, 2024, with this increase after the impact of the supplemental dividend paid in June 2024 of $0.30 per share. The estimated increase in NAV per share is primarily due to the net fair value increase on the investment
Main Street Capital's (NYSE:MAIN) short percent of float has risen 6.03% since its last report. The company recently reported that it has 3.48 million shares sold short, which is 4.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.67 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
B. Riley Securities analyst Bryce Rowe maintains Main Street Capital (NYSE:MAIN) with a Neutral and raises the price target from $47 to $49.
Truist Securities analyst Mark Hughes maintains Main Street Capital (NYSE:MAIN) with a Hold and raises the price target from $45 to $52.
Main Street Capital (NYSE:MAIN) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.03 by 7.77 percent. The company reported quarterly sales of $131.606 million which beat the analyst consensus estimate of $128.009 million by 2.81 percent. This is a 9.44 percent increase over sales of $120.254 million the same period last year.
Main Street Capital's (NYSE:MAIN) short percent of float has fallen 3.82% since its last report. The company recently reported that it has 3.30 million shares sold short, which is 4.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.52 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short in
As of May 8, 2024, two stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Payoneer Global Inc. (NASDAQ:PAYO) On May 8, Payoneer Global posted better-than-expected quarter
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Main Street Capital (NYSE:MAIN) in the last three months. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 2 0 0 Analysts have set 12-month price targets for Main Street Capital, revealing an average target of $46.25, a high estimate of $52.00, and a low estimate of $43.00. This upward trend is apparent, with the current
RBC Capital analyst Kenneth Lee maintains Main Street Capital (NYSE:MAIN) with a Outperform and raises the price target from $48 to $52.
The companies include Centre Technologies Holdings, LLC, Pearl Meyer Topco, LLC, SI East, LLC, Slick Innovations, LLC and Bolder Panther Group, LLC.
Third Quarter 2024 Net Investment Income of $1.00 Per Share Third Quarter 2024 Distributable Net Investment Income(1) of $1.06 Per Share Net Asset Value of $30.57 Per Share HOUSTON, Nov. 7, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce its financial results for the third quarter ended September 30, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries. Third Quarter 2024 Highlights Net investment income of $87.6 million (or $1.00 per share)Distributable net investment income(1) of $93.0 million (or $1.06 per share)Total inv
Regular Monthly Dividends of $0.25 Per Share for each of January, February and March 2025 Monthly Dividends Represent a 2.0% Increase Compared to Fourth Quarter 2024 and a 4.2% Increase Compared to First Quarter 2024 Supplemental Dividend of $0.30 Per Share Payable in December 2024 HOUSTON, Nov. 5, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.25 per share for each of January, February and March 2025. These monthly dividends, which will be payable pursuant to the table below, total $0.75 per share for the first quarter of 2025 and represent a 2.0% increase from
Invests $41.4 Million in Connect Telecommunications Solutions Inc. HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $41.4 million to facilitate the minority recapitalization of Connect Telecommunications Solutions Inc. ("Connect" or the "Company"), a leading value-added distributor of fiber management solutions to the Canadian telecommunications industry. Main Street, along with its co-investor, partnered with the Company's founders to facilitate the transaction, with Main Street's investment including a combination of first-lien, senior secured term debt an
Announces Third Quarter 2024 Earnings Release and Conference Call Schedule HOUSTON, Oct. 15, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the third quarter of 2024 and its third quarter 2024 earnings release and conference call schedule. In commenting on the Company's operating results for the third quarter of 2024, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our performance in the third quarter, which resulted in another quarter of strong operating results, including a new record for net asset value per share for the ninth consecutive qu
HOUSTON, Oct. 10, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the third quarter of 2024, Main Street originated new or increased commitments in its private loan portfolio of $270.3 million and funded total investments across its private loan portfolio with a cost basis totaling $309.3 million. The following represent notable new private loan commitments and investments during the third quarter of 2024: $77.2 million in a first lien senior secured loan and $8.3 million in a first lien senior secured revolver to a tech-enabled marketing solutions provider offering se
Invests $74.4 Million in Recapitalization of Victory Energy Operations HOUSTON, Oct. 8, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $74.4 million to facilitate a majority recapitalization of Victory Energy Operations ("Victory" or the "Company"), a leading designer and manufacturer of industrial and commercial combustion, heat-transfer and steam production solutions for a diverse group of industries. Main Street, along with its co-investor, partnered with Victory's founder and management team to facilitate the majority recapitalization and to buyout an institutional inve
Total Commitments Increased to $600.0 Million Final Maturity of the Facility Extended to September 2029 HOUSTON, Oct. 1, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that its wholly-owned subsidiary, MSCC Funding I, LLC ("MSCC Funding"), recently amended its special purpose vehicle revolving credit facility (the "SPV Facility"). The recently closed amendment provides an increase in total commitments from $430.0 million to $600.0 million, while maintaining an expanded accordion feature that allows for an increase up to $800.0 million of total commitments from new and existing lenders on the same terms and conditions as the existing c
HOUSTON, Sept. 11, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that it has priced an underwritten public offering of an additional $100 million in aggregate principal amount of its 6.50% notes due 2027 (the "Notes"). The Notes are being issued at a premium to par at a public offering price of 102.134% of the principal amount per Note, resulting in estimated gross proceeds of approximately $102.1 million and a yield-to-maturity of 5.617%. The Notes are a further issuance of the 6.50% notes due 2027 that Main Street issued on June 4, 2024 in an aggregate principal amount of $300.0 million (the "Existing 2027 Notes"). The Notes will b
HOUSTON, Sept. 10, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that MSC Income Fund, Inc. ("MSC Income"), a non-listed business development company ("BDC") for which Main Street's wholly owned registered investment adviser, MSC Adviser I, LLC ("MSC Adviser"), serves as the investment adviser and administrator, recently filed a Definitive Proxy Statement (the "Definitive Special Proxy Statement") with the U.S. Securities and Exchange Commission (the "SEC") in connection with an upcoming Special Meeting of MSC Income shareholders (the "MSC Income Special Meeting"). The Definitive Special Proxy Statement details a series of proposals w
Partnership to Accelerate Future Growth and Innovation of MoneyThumb's SaaS Document Evaluation Technology SAN DIEGO, Aug. 29, 2024 /PRNewswire/ -- MoneyThumb, a leader in automated document evaluation and fraud detection solutions announced today that it has been acquired by Iron Creek Partners LLC ("Iron Creek"), a private investment firm with a focus on investments in the software, data, communications, and business services industries. Iron Creek led the investment group, which also included Main Street Capital Corporation (NYSE:MAIN). The transaction will provide growth capital to help meet MoneyThumb's strong industry demand, which has recently produced 100% year-over-year annual growt
B. Riley Securities downgraded Main Street Capital from Buy to Neutral and set a new price target of $47.00
Hovde Group upgraded Main Street Capital from Market Perform to Outperform and set a new price target of $45.00
UBS initiated coverage of Main Street Capital with a rating of Neutral and set a new price target of $40.00
B. Riley Securities initiated coverage of Main Street Capital with a rating of Buy and set a new price target of $42.00
Raymond James downgraded Main Street Capital from Outperform to Mkt Perform
Hovde Group initiated coverage of Main Street Capital with a rating of Market Perform and set a new price target of $44.00
RBC Capital reiterated coverage of Main Street Capital with a rating of Outperform and set a new price target of $48.00 from $45.00 previously
Raymond James reiterated coverage of Main Street Capital with a rating of Outperform and set a new price target of $47.00 from $44.00 previously
Oppenheimer initiated coverage of Main Street Capital with a rating of Perform and set a new price target of $39.00
Oppenheimer initiated coverage of Main Street Capital with a rating of Perform
Third Quarter 2024 Net Investment Income of $1.00 Per Share Third Quarter 2024 Distributable Net Investment Income(1) of $1.06 Per Share Net Asset Value of $30.57 Per Share HOUSTON, Nov. 7, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce its financial results for the third quarter ended September 30, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries. Third Quarter 2024 Highlights Net investment income of $87.6 million (or $1.00 per share)Distributable net investment income(1) of $93.0 million (or $1.06 per share)Total inv
Announces Third Quarter 2024 Earnings Release and Conference Call Schedule HOUSTON, Oct. 15, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the third quarter of 2024 and its third quarter 2024 earnings release and conference call schedule. In commenting on the Company's operating results for the third quarter of 2024, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our performance in the third quarter, which resulted in another quarter of strong operating results, including a new record for net asset value per share for the ninth consecutive qu
Second Quarter 2024 Net Investment Income of $1.01 Per Share Second Quarter 2024 Distributable Net Investment Income(1) of $1.07 Per Share Net Asset Value of $29.80 Per Share HOUSTON, Aug. 8, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce its financial results for the second quarter ended June 30, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries. Second Quarter 2024 Highlights Net investment income of $87.3 million (or $1.01 per share)Distributable net investment income(1) of $92.3 million (or $1.07 per share)Total inve
Announces Second Quarter 2024 Earnings Release and Conference Call Schedule HOUSTON, July 16, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the second quarter of 2024 and its second quarter 2024 earnings release and conference call schedule. In commenting on the Company's operating results for the second quarter of 2024, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our performance in the second quarter, which resulted in another quarter of strong operating results, including a new record for net asset value per share for the eighth consecut
Invests $36.9 Million in Nello Industries Investco, LLC Generates $10.4 Million Realized Gain From the Partial Exit of Investments in a Lower Middle Market Portfolio Company HOUSTON, June 11, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $36.9 million to facilitate the management led buyout of Nello Industries, LLC ("Nello" or the "Company"), a manufacturer of engineered poles and towers for electric utility, telecommunications and other related wireless and electric transmission infrastructure applications. Main Street, along with its co-investor, partnered with the Compa
First Quarter 2024 Net Investment Income of $1.05 Per Share First Quarter 2024 Distributable Net Investment Income(1) of $1.11 Per Share Net Asset Value of $29.54 Per Share HOUSTON, May 9, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce its financial results for the first quarter ended March 31, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries. First Quarter 2024 Highlights Net investment income of $89.8 million (or $1.05 per share)Distributable net investment income(1) of $94.4 million (or $1.11 per share)Total investme
Announces First Quarter 2024 Earnings Release and Conference Call Schedule HOUSTON, April 16, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the first quarter of 2024 and its first quarter 2024 earnings release and conference call schedule. In commenting on the Company's operating results for the first quarter of 2024, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are extremely pleased with our performance in the first quarter, which resulted in continued strong operating results, including a new record for net asset value per share for the seventh consecutiv
Fourth Quarter 2023 Net Investment Income of $1.07 Per Share Fourth Quarter 2023 Distributable Net Investment Income(1) of $1.12 Per Share Net Asset Value of $29.20 Per Share HOUSTON, Feb. 22, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2023. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries. Fourth Quarter 2023 Highlights Net investment income of $90.1 million (or $1.07 per share)Distributable net investment income(1) of $94.8 million (or $1.12 p
Announces Federal Tax Treatment of 2023 Dividends Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Schedule HOUSTON, Jan. 17, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the fourth quarter of 2023, the federal tax treatment of its dividends paid in 2023 and its fourth quarter and full year 2023 earnings release and conference call schedule. In commenting on the Company's operating results for the fourth quarter of 2023, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are extremely pleased with our performance in the fourth qua
Announces Second Quarter 2023 Earnings Release and Conference Call Schedule HOUSTON, July 18, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the second quarter of 2023 and its second quarter 2023 earnings release and conference call schedule. In commenting on the Company's operating results for the second quarter of 2023, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are very pleased with our performance in the second quarter, which resulted in new quarterly records for net investment income per share, distributable net investment income per share and net asse