
MAIN Stock Forecast & Price Target
MAIN Analyst Ratings
Bulls say
Main Street Capital Corp's fiscal outlook is bolstered by a consistent increase in its net asset value (NAV) per share, which rose to approximately $33.24 for FY26E, supported by net fair value appreciation and strong realized gains. The company has demonstrated a solid performance with adjusted net investment income (NII) per share outpacing total dividends paid, highlighting effective income generation and prudent capital management. Additionally, the management's commitment to increasing the regular monthly dividend and the potential for substantial special dividends reflects a strong financial position and a promising trajectory for future growth.
Bears say
Main Street Capital Corp has experienced a slight decline in regulatory leverage to 0.62x, which is below the management's target range of 0.8x-0.9x, indicating reduced operational activity. The weighted-average annual effective yield on their lower middle market and private loan investments has also decreased to 12.7% and 11.1%, respectively, contributing to concerns about overall portfolio performance. Additionally, challenges in accessing capital markets, coupled with higher-than-expected repayments of private loans and the potential for lower interest rates, pose a risk to earnings and dividend sustainability, further suggesting a negative outlook for the stock.
This aggregate rating is based on analysts' research of Main Street Capital and is not a guaranteed prediction by Public.com or investment advice.
MAIN Analyst Forecast & Price Prediction
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