Main Street Capital: More Gains From This High-Yielder

Oct. 18, 2024 4:21 AM ETMain Street Capital (MAIN)1 Comment
(11min)

Summary

  • Main Street Capital is a high-quality BDC with strong net asset value per share growth and potential for share price gains.
  • The company expects a Q3 net asset value per share of $30.54 to $30.60, a 2.6% increase from Q2.
  • Main Street Capital's internally managed structure and high insider ownership align management with shareholder interests, driving positive performance.
  • With a high single-digit dividend yield and potential for special dividends, Main Street Capital remains an attractive investment.
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Standing bundles of cash

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Article Thesis

Main Street Capital (NYSE:MAIN) is a very high-quality Business Development Company that continues to see strong net asset value per share growth thanks to strong loan performance and accretive growth spending. With more special dividends

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This article was written by

Jonathan Weber profile picture
51.19K Followers

Jonathan Weber holds an engineering degree and has been active in the stock market and as a freelance analyst for many years. He has been sharing his research on Seeking Alpha since 2014. Jonathan’s primary focus is on value and income stocks but he covers growth occasionally.

He is a contributing author for the investing group Cash Flow Club where along with Darren McCammon, they focus on company cash flows and their access to capital. Core features include: access to the leader’s personal income portfolio targeting 6%+ yield, community chat, the “Best Opportunities” List, coverage of energy midstream, commercial mREITs, BDCs, and shipping sectors,, and transparency on performance. Learn More.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BXSL, MAIN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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