Main Street Capital Corporation (MAIN)
MAIN · NYSE
Houston, TX | NYSE:MAIN
Overview
Main Street Capital Corporation is a unique BDC that combines debt and equity investments in lower middle-market companies. MAIN is distinguished by its monthly dividend payments and a long track record of dividend growth. The company focuses on companies with EBITDA between $2 million and $50 million, providing flexible capital solutions including senior debt, mezzanine debt, and direct equity co-investments.
Key Metrics
| Metric | Value |
|---|---|
| 1-Year Total Return | 12.8% |
| 3-Year Total Return | 34.5% |
| 5-Year Total Return | 51.2% |
| Expense Ratio | 7.2% |
| Leverage Ratio | 1.05x |
| Portfolio Companies | 85 |
| Total Assets | $4.5B |
Investment Strategy
Main Street Capital Corporation focuses on senior secured loans, mezzanine debt, equity investments in the business services, healthcare, consumer, industrial sectors. The company targets middle-market companies and maintains a portfolio of 85 investments totaling $4.5B in assets.
Management
CEO: Dwayne L. Hyzak | Employees: 85
Suitability
MAIN is suitable for income-focused investors seeking monthly dividend income with a 7.5% yield. The BDC's focus on senior secured loans provides defensive portfolio characteristics. Investors should consider their risk tolerance and investment objectives before investing.