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0 0.000778546712802798 0.0017301038062284 0.000865051903114138 -0.000461937716262944 -0.00224913494809693 -0.000692041522491335 0.00155709342560547
Stock impact report

Main Street Capital's Valuation Problem: How Interest Rates Could Derail Its Dividend Appeal [Seeking Alpha]

Main Street Capital Corporation (MAIN) 
Last main street capital corporation earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.mainstcapital.com
Company Research Source: Seeking Alpha
MAIN faces significant interest rate sensitivity, as 65% of debt investments are floating rate while 90% of its own debt is fixed. Refinancing nearly a quarter of MAIN's debt at higher rates will materially increase interest expenses and pressure earnings. Dividend growth may stall, or special dividends could be reduced if rates decline or interest expense rises, warranting caution at current valuation. J Studios/DigitalVision via Getty Images I have covered Main Street Capital Corporation ( MAIN before , where I outlined the investment thesis in detail, and in my last article, explained why I considered it overvalued. Since then, the stock reached my fair value, but after the recent increase, and lower NAV This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opi Show less Read more
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