Main Street Capital (MAIN) Stock Overview
A business development company and a small business investment company specializing in direct and indirect investments. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
MAIN Community Fair Values
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Analyst Price Targets
Main Street Capital Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$51.81 |
| 52 Week High | US$67.77 |
| 52 Week Low | US$48.95 |
| Beta | 0.73 |
| 1 Month Change | -4.07% |
| 3 Month Change | -8.75% |
| 1 Year Change | -11.15% |
| 3 Year Change | 29.91% |
| 5 Year Change | 23.36% |
| Change since IPO | 245.40% |
Recent News & Updates
Narrative Update • Jun 04
MAIN: Dividend Resilience And Record NAV Will Support Stronger Future Returns
Narrative Update: Main Street Capital Analyst Price Target Shift Analysts have trimmed their average price target on Main Street Capital by about $5.74 to $57.43. This reflects updated views around potential pressure on supplemental dividends, softer portfolio dividend income, and more cautious assumptions on interest yields and credit conditions.Seeking Alpha • May 26
Main Street Capital: Significant Downside Risk Lurking In The Shadow
Summary Main Street Capital is the fourth-largest publicly traded BDC in terms of market capitalization and the seventh-largest based on total assets. MAIN primarily focuses on first-lien lending to lower-middle-market companies with annual EBITDA generally between $3 million and $20 million. Equity stakes also account for 31.5% of its investment portfolio as of Q1-26. Given the small size of its portfolio companies and its large exposure to their equities, the company is particularly vulnerable to deteriorating liquidity conditions within the private credit ecosystem. Despite recording a cumulative net realized loss of $20 million over the last three years, the fair value of MAIN's portfolio is currently estimated at 15% above its cost basis. As of last Friday's close, Main Street Capital also trades at a premium to NAV of almost 50%, which is by far the highest among the BDCs I have covered so far. The company's stretched valuation skews the risk-reward proposition to the downside. Read the full article on Seeking AlphaRecent updates
Narrative Update • Jun 04
MAIN: Dividend Resilience And Record NAV Will Support Stronger Future Returns
Narrative Update: Main Street Capital Analyst Price Target Shift Analysts have trimmed their average price target on Main Street Capital by about $5.74 to $57.43. This reflects updated views around potential pressure on supplemental dividends, softer portfolio dividend income, and more cautious assumptions on interest yields and credit conditions.Seeking Alpha • May 26
Main Street Capital: Significant Downside Risk Lurking In The Shadow
Summary Main Street Capital is the fourth-largest publicly traded BDC in terms of market capitalization and the seventh-largest based on total assets. MAIN primarily focuses on first-lien lending to lower-middle-market companies with annual EBITDA generally between $3 million and $20 million. Equity stakes also account for 31.5% of its investment portfolio as of Q1-26. Given the small size of its portfolio companies and its large exposure to their equities, the company is particularly vulnerable to deteriorating liquidity conditions within the private credit ecosystem. Despite recording a cumulative net realized loss of $20 million over the last three years, the fair value of MAIN's portfolio is currently estimated at 15% above its cost basis. As of last Friday's close, Main Street Capital also trades at a premium to NAV of almost 50%, which is by far the highest among the BDCs I have covered so far. The company's stretched valuation skews the risk-reward proposition to the downside. Read the full article on Seeking AlphaNarrative Update • Apr 28
MAIN: Reset P/E And Fair Value Assumptions Will Support Stronger Return Potential
The analyst price target for Main Street Capital has been reduced by $4, with analysts pointing to updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the basis for the reset. Analyst Commentary Recent commentary around Main Street Capital focuses on how updated fair value assumptions and a reset price target connect to the company’s growth profile, profitability, and valuation framework.Narrative Update • Apr 12
MAIN: Revised Margin And P/E Assumptions Will Support Stronger Return Potential
Analysts have lifted their price targets on Main Street Capital by $4 and $5 in recent research, citing updated assumptions around the discount rate, profit margins, and forward P/E as key drivers behind the refreshed valuation view. Analyst Commentary Bullish Takeaways Bullish analysts link the higher price targets to updated discount rate assumptions that support a higher present value for future earnings, which they see as better aligning the stock with their revised models.Narrative Update • Mar 29
MAIN: Supplemental Dividend And Earnings Profile Will Support Higher Return Potential
Analysts have raised their price targets on Main Street Capital by $4 and $5 in recent research, pointing to supportive views on the company that align with only modest tweaks to discount rate and P/E assumptions in updated models. Analyst Commentary Recent research points to broadly supportive sentiment around Main Street Capital, with price targets adjusted higher on relatively small changes to discount rate and P/E inputs.Narrative Update • Mar 12
MAIN: Future Dividend And Earnings Profile Will Support Higher Return Potential
Analysts have nudged their Main Street Capital price target slightly higher to about $64, reflecting updated assumptions around discount rates, revenue growth, margins, and future P/E that were supported by recent research from firms including Citizens and Lucid Capital. Analyst Commentary Recent research points to a slightly higher fair value range for Main Street Capital, with bullish analysts updating their models to reflect revised assumptions on discount rates, revenue growth, margins, and future P/E multiples.Narrative Update • Feb 26
MAIN: Future Dividends And Earnings Guidance Will Support Balanced Return Outlook
Analysts have increased their Main Street Capital price target by a combined $9, citing updated views on revenue growth, profitability assumptions, and valuation metrics, as reflected in recent research from firms that raised their targets by $4 and $5. Analyst Commentary Bullish Takeaways Bullish analysts view the higher price targets as a reflection of updated revenue assumptions that they believe better match Main Street Capital's current business mix and pipeline, which they see as supportive of the revised valuation range.Narrative Update • Feb 12
MAIN: Future Dividends And Refined Earnings Assumptions Will Support Balanced Return Outlook
Analysts have raised their price targets on Main Street Capital by $4 and $5 in recent research, citing updated assumptions around discount rates, profit margins and future P/E that together support a slightly refined valuation outlook. Analyst Commentary Recent research highlights a mix of optimism and caution around Main Street Capital, with the updated price targets reflecting refreshed assumptions on discount rates, profit margins and future P/E rather than any single new data point.Narrative Update • Jan 29
MAIN: Future Dividends And Premium To NAV Will Support Balanced Return Outlook
Analysts have raised their price targets on Main Street Capital, and our updated fair value estimate has increased from US$60.50 to about US$63.43. This change reflects their recent target increases and continued focus on net investment income, dividends, and net asset value trends.Narrative Update • Dec 10
MAIN: Future Dividends And Steady NAV Will Support Balanced Return Outlook
Analysts have modestly reduced their 12 month price target on Main Street Capital to approximately $60 from about $64, citing slightly softer NII relative to dividends but continued steady NAV growth. This leaves the risk and reward profile appearing balanced at the current premium valuation.Narrative Update • Nov 26
MAIN: Dividend Increases And Consistent Asset Growth Will Balance Rate Headwinds
Main Street Capital's average analyst price target has decreased by $4. This reflects a balanced risk and reward outlook as analysts cite steady earnings, premium valuation, and recent earnings results slightly below expectations.Narrative Update • Nov 12
MAIN: Dividend Hikes And Income From Private Loans Will Offset Rate Risks
The analyst price target for Main Street Capital was revised upward by $15. This reflects analysts' view of stronger net interest income opportunities, despite some concern over modestly reduced profit margins and slower revenue growth projections.Narrative Update • Aug 29
Shifting Focus And Rising Credit Issues Signal Turbulence Ahead For Growth
The consensus analyst price target for Main Street Capital has been raised to $62.00, reflecting stronger Q2 earnings, expectations for continued net interest income growth from portfolio expansion and higher dividend income, and optimism regarding the company's high-quality debt and equity portfolio despite anticipated Fed rate cuts. Analyst Commentary Bullish analysts highlight Main Street Capital's Q2 earnings beat as a driver for upward revisions in price target.Narrative Update • Aug 15
Shifting Focus And Rising Credit Issues Signal Turbulence Ahead For Growth
The consensus analyst price target for Main Street Capital has increased, primarily reflecting upgraded expectations for revenue growth and an expansion in future P/E multiples, resulting in a new fair value estimate of $59.75. What's in the News Board declared a supplemental cash dividend of $0.30 per share to be paid in September.Analysis Article • Aug 01
Should You Be Adding Main Street Capital (NYSE:MAIN) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Seeking Alpha • Apr 23
Main Street Capital: The Yield May Not Be Worth It (Technical Analysis)
Summary Main Street Capital Corporation's dividend yield is attractive, but potential capital losses and bearish technicals suggest further declines, making it unsuitable for investors seeking long-term gains. Technical analysis shows a persistent downtrend and significant resistance levels, despite some near-term strength and recovery signs. Fundamentals reveal resilient earnings but concerning EPS declines, justifying the recent P/B ratio contraction and questioning the valuation premium over the Financials sector. I initiate a sell rating for the stock due to the unjustified valuation premium and the challenging macro-environment, despite the appealing dividend yield. Read the full article on Seeking AlphaSeeking Alpha • Mar 22
Main Street Capital: A High-Yield Monthly Powerhouse I'm Eager To Buy When The Time Is Right
Summary Main Street Capital is a top-tier BDC known for its consistent monthly dividends, even during economic downturns. This makes it ideal for income-focused investors. MAIN's internally managed structure, equity co-investment strategy, and conservative balance sheet ensure superior dividend safety and moderate yield compared to peers. MAIN's NAV premium is a distinct cost of capital advantage that historically allowed it to grow earnings and deliver strong returns. MAIN has never cut its regular dividend, and its management team includes the co-founder who guided it through the Great Financial Crisis. MAIN's flat growth through 2027 means waiting until the time is right to buy is a potentially good idea. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Main Street Capital: Price Matters Even For 'First Class', Hence I'm Selling
Summary 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. Despite MAIN's quality, its high valuation and exposure to small-cap risks suggest potential negative alpha, making it less attractive for total return performance. Read the full article on Seeking AlphaShareholder Returns
| MAIN | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.4% | -2.0% | -2.5% |
| 1Y | -11.1% | 7.9% | 22.7% |
Return vs Industry: MAIN underperformed the US Capital Markets industry which returned 7.9% over the past year.
Return vs Market: MAIN underperformed the US Market which returned 22.7% over the past year.
Price Volatility
| MAIN volatility | |
|---|---|
| MAIN Average Weekly Movement | 4.6% |
| Capital Markets Industry Average Movement | 3.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: MAIN has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MAIN's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 110 | Dwayne Hyzak | www.mainstcapital.com |
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.
Main Street Capital Corporation Fundamentals Summary
| MAIN fundamental statistics | |
|---|---|
| Market cap | US$4.82b |
| Earnings (TTM) | US$426.30m |
| Revenue (TTM) | US$569.45m |
11.3x
P/E Ratio8.5x
P/S RatioIs MAIN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MAIN income statement (TTM) | |
|---|---|
| Revenue | US$569.45m |
| Cost of Revenue | US$0 |
| Gross Profit | US$569.45m |
| Other Expenses | US$143.15m |
| Earnings | US$426.30m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.58 |
| Gross Margin | 100.00% |
| Net Profit Margin | 74.86% |
| Debt/Equity Ratio | 81.8% |
How did MAIN perform over the long term?
See historical performance and comparisonDividends
8.3%
Current Dividend Yield64%
Payout RatioDoes MAIN pay a reliable dividends?
See MAIN dividend history and benchmarks| Main Street Capital dividend dates | |
|---|---|
| Ex Dividend Date | Jun 08 2026 |
| Dividend Pay Date | Jun 15 2026 |
| Days until Ex dividend | 0 days |
| Days until Dividend pay date | 7 days |
Does MAIN pay a reliable dividends?
See MAIN dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 03:45 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Main Street Capital Corporation is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bryce Rowe | Baird |
| Mitchel Penn | Brean Capital Historical (Janney Montgomery) |
| Sean-Paul Adams | B. Riley Securities, Inc. |