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Main Street Capital (MAIN)

Company Profile
Main Street is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides 'one stop' financing alternatives within its lower middle market portfolio. Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies. Main Street, through its wholly owned portfolio company MSC Adviser I, LLC ('MSC Adviser'), also maintains an asset management business through which it manages investments for third parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940.
Main Street Capital logo

Company profile

Ticker
MAIN
Exchange
NYSE
Website
www.mainstcapital.com
CEO
Dwayne Hyzak
Employees
Incorporated
Maryland
Location
Texas
Fiscal year end
Dec 31
Sector
Finance and Insurance > Securities and Commodity Exchanges
SEC CIK
0001396440
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
Subsidiaries
Main Street Capital Partners, LLC • Main Street Mezzanine Management, LLC • Main Street Equity Interests, Inc. • Main Street Mezzanine Fund, LP • Main Street Capital II GP, LLC • Main Street Capital II, LP • Main Street Capital III GP, LLC • Main Street Capital III, LP • Main Street CA Lending, LLC • MS Equity Holdings, Inc. ...
IRS number
412230745

MAIN stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$42.67
Low target
$40.00
High target
$46.00
UBS
Initiated
Neutral
$40.00
19 Dec 22
B. Riley Securities
Initiated
Buy
$42.00
13 Dec 22
RBC Capital
Maintains
Outperform
$46.00
9 Nov 22
Latest filings (excl ownership)
View all
8-K
Other Events
2 Feb 23
8-K
Entry into a Material Definitive Agreement
18 Jan 23
8-K
Results of Operations and Financial Condition
17 Jan 23
8-K
Results of Operations and Financial Condition
12 Jan 23
8-K
Entry into a Material Definitive Agreement
27 Dec 22
8-K
Departure of Directors or Certain Officers
15 Dec 22
8-K
Entry into a Material Definitive Agreement
6 Dec 22
8-K
Entry into a Material Definitive Agreement
28 Nov 22
FWP
Free writing prospectus
4 Nov 22
FWP
Free writing prospectus
4 Nov 22
Transcripts
View all
MAIN
Earnings call transcript
2022 Q3
4 Nov 22
MAIN
Earnings call transcript
2022 Q2
5 Aug 22
MAIN
Earnings call transcript
2022 Q1
6 May 22
MAIN
Earnings call transcript
2021 Q4
25 Feb 22
MAIN
Earnings call transcript
2021 Q3
5 Nov 21
MAIN
Earnings call transcript
2021 Q2
6 Aug 21
MAIN
Earnings call transcript
2021 Q1
7 May 21
MAIN
Earnings call transcript
2020 Q4
26 Feb 21
MAIN
Earnings call transcript
2020 Q3
6 Nov 20
MAIN
Earnings call transcript
2020 Q2
7 Aug 20
Latest ownership filings
View all
4
VINCENT D FOSTER
30 Jan 23
4
STEPHEN B SOLCHER
30 Jan 23
4
Lance A Parker
30 Jan 23
4
Nicholas Meserve
30 Jan 23
4
JOHN EARL JACKSON
30 Jan 23
4
Jesse E Morris
30 Jan 23
4
Dwayne L. Hyzak
30 Jan 23
4
DUNIA A SHIVE
30 Jan 23
4
David L. Magdol
30 Jan 23
4
Brian E. Lane
30 Jan 23

Financial summary

Financial statements Chart MAIN financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Financial data from company earnings reports.

Institutional ownership, Q3 2022

MAIN institutional ownership history Ownership history
18.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 244 247 -1.2%
Opened positions 36 33 +9.1%
Closed positions 39 37 +5.4%
Increased positions 92 84 +9.5%
Reduced positions 63 67 -6.0%
13F shares Current Prev Q Change
Total value 489.11 mm 534.43 mm -8.5%
Total shares 14.52 mm 13.85 mm +4.8%
Total puts 231.20 k 129.60 k +78.4%
Total calls 537.40 k 367.80 k +46.1%
Total put/call ratio 0.4 0.4 +22.1%
Largest owners Shares Value Change
T. Rowe Price 3.04 mm $102.40 mm +21.7%
Burgundy Asset Management 1.27 mm $42.77 mm -26.5%
MS Morgan Stanley 696.47 k $23.43 mm +13.8%
Van Eck Associates 591.10 k $19.89 mm -15.5%
T. Rowe Price Investment Management 589.11 k $19.82 mm NEW
LGEN Legal & General 463.75 k $15.60 mm +8.7%
BLK Blackrock 453.31 k $15.25 mm -10.4%
Sound Income Strategies 379.56 k $12.77 mm +0.6%
Advisor 224.63 k $7.56 mm -3.4%
Sanders Morris Harris 221.87 k $7.46 mm -12.1%
Largest transactions Shares Bought/sold Change
T. Rowe Price Investment Management 589.11 k +589.11 k NEW
T. Rowe Price 3.04 mm +542.50 k +21.7%
Burgundy Asset Management 1.27 mm -459.16 k -26.5%
Childress Capital Advisors 141.96 k -182.97 k -56.3%
Two Sigma Investments 164.04 k +164.04 k NEW
Steven Patrick Farmer 0.00 -141.60 k EXIT
Walker Asset Management 0.00 -117.96 k EXIT
Van Eck Associates 591.10 k -108.74 k -15.5%
MS Morgan Stanley 696.47 k +84.34 k +13.8%
Schonfeld Strategic Advisors 58.60 k +58.60 k NEW
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MAIN insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Jan 23 Jackson John Earl Common Stock Other Acquire J Yes No 38.466 9 346.19 1,680
13 Jan 23 Jackson John Earl Common Stock Other Acquire J No No 38.51 184.575 7.11 k 57,266.663
13 Jan 23 Jackson John Earl Common Stock Other Acquire J No No 38.81 71.589 2.78 k 57,082.088
13 Jan 23 Jason B Beauvais Common Stock Other Acquire J No No 38.81 128.852 5.00 k 166,710.689
13 Jan 23 Beverly Kay Matthews Common Stock Other Acquire J No No 38.51 50.389 1.94 k 12,086.781
13 Jan 23 Vincent D Foster Common Stock Other Acquire J No No 38.81 1,570.564 60.95 k 1,724,524.722
13 Jan 23 Vincent D Foster Common Stock Other Acquire J No No 38.81 860.652 33.40 k 1,722,954.158
13 Jan 23 Vincent D Foster Common Stock Other Acquire J No No 38.81 12.522 485.96 1,722,093.506
13 Jan 23 Lance A Parker Common Stock Other Acquire J No No 38.81 47.1 1.83 k 25,698.357
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
Benzinga's Top Ratings Upgrades, Downgrades For December 19, 2022
19 Dec 22
UBS Initiates Coverage On Main Street Capital with Neutral Rating, Announces Price Target of $40
19 Dec 22
UBS analyst Vilas Abraham initiates coverage on Main Street Capital (NYSE:MAIN) with a Neutral rating and announces Price Target of $40.
Benzinga's Top Ratings Upgrades, Downgrades For December 13, 2022
13 Dec 22
B. Riley Securities Initiates Coverage On Main Street Capital with Buy Rating, Announces Price Target of $42
13 Dec 22

Press releases

From Benzinga Pro
Main Street Announces Issuance of an Additional $50.0 Million of Investment Grade Notes
2 Feb 23
HOUSTON, Feb. 2, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce the closing of the issuance of an additional $50.0 million in aggregate principal amount of
Main Street Announces Follow-On Investment
24 Jan 23
Invests $40.0 Million in Gamber-Johnson, LLC to Support Acquisition HOUSTON, Jan. 24, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce that it recently
Main Street Announces Increase in Commitments Under its Credit Facility
18 Jan 23
Total Commitments Increased to $980 Million HOUSTON, Jan. 18, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street") is pleased to announce the expansion of total commitments under its
Main Street Announces Fourth Quarter 2022 Private Loan Portfolio Activity
12 Jan 23
Main Street Announces Completion of $100.0 Million Investment Grade Notes Offering
27 Dec 22
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