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.
Dividend stocks are becoming popular once more because of the recent downturn in the stock market.
The MSC Income Fund (MSIF) is a recently listed BDC that has a strategy and portfolio quite similar to MAIN, as it is managed by MAIN. However, a key difference is in their P/NAV multiples, with MSIF at 1.1x and MAIN at 1.9x. In this article, I explain why I prefer MSIF over MAIN and plan to include it in my BDC portfolio by the end of the month.
The company welcomes both individual and institutional investors, along with advisors and analysts, to join them online at VirtualInvestorConferences.com.
MAIN's results are influenced by rising costs. However, a rise in overall investment income provides some positive support.
Main Street Capital Corporation (NYSE:MAIN) will hold its Q4 2024 Earnings Conference Call on February 28, 2025, at 10:00 AM ET. The call will feature company representatives including CEO Dwayne Hyzak and CFO Ryan Nelson, along with analysts from various financial institutions. Participants are currently in listen-only mode.
The financial results for Main Street Capital (MAIN) provide an overview of its performance for the quarter ending in December 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.
Main Street Capital Corporation (NYSE: MAIN) has reported its financial results for the fourth quarter and the entire year ending December 31, 2024. For the fourth quarter, the company achieved a net investment income of $1.02 per share and a distributable net investment income of $1.08 per share, with a net asset value of $31.65 per share. The terms "we," "us," "our," and "the Company" refer to Main Street and its subsidiaries, unless stated otherwise.
Main Street Capital, Barings BDC, and Crescent Capital BDC are included in the Zacks Industry Outlook report.
You can purchase several stocks that provide dividends every three months and arrange it so that you receive dividends each month.