Main Street Capital: A Solid 8% Yield, But Unattractive Risk/Reward (Rating Downgrade) [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
The stock is currently selling at a high premium to net asset value, making it expensive for passive income investors. Investors should wait for a correction before considering buying Main Street Capital. Main Street Capital ( NYSE: MAIN is a high0quality business development company that has delivered strong and consistent results related to its lower middle market loan portfolio in the last couple of years. Even though the BDC comfortably covers its dividend with net investment income, the stock has gotten a little bit ahead of itself lately, in my view, and is now selling at a very high premium to net asset value. As a consequence, I think passive income investors should tread lightly here and wait for a correction before buying Main Street Capital. My Rating History I called Main Street Capital A Great Income Stock For 2024 as the BDC presented robust loan portfolio results in 2023. The Q4 earnings release proved what we already knew, which is that the BDC continued t
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MAIN
News
- Main Street Capital: Solid Execution Justifies A Robust, Bullish View (Upgrade) [Seeking Alpha]Seeking Alpha
- Main Street Capital's Share Price Is Getting Ahead Of Itself, But I Wouldn't Fight The Momentum [Seeking Alpha]Seeking Alpha
- Main Street: Too Expensive To Touch, But Bonds Look Delicious [Seeking Alpha]Seeking Alpha
- Main Street makes $36.6M in follow-on investments year-to-date [Seeking Alpha]Seeking Alpha
- Main Street Announces Follow-On Investments [Yahoo! Finance]Yahoo! Finance
MAIN
Earnings
- 2/22/24 - Beat
MAIN
Sec Filings
- 4/16/24 - Form 8-K
- 4/11/24 - Form 8-K
- 4/2/24 - Form 4
- MAIN's page on the SEC website