Main Street Capital Corporation (MAIN) Bundle
An Overview of Main Street Capital Corporation (MAIN)
General Summary of Main Street Capital Corporation (MAIN)
Main Street Capital Corporation is a business development company headquartered in Houston, Texas. Founded in 2007, the company provides long-term debt and equity capital to lower middle market companies.
| Company Detail | Specification |
|---|---|
| Headquarters | Houston, Texas |
| Founded | 2007 |
| Stock Exchange | NYSE |
| Ticker Symbol | MAIN |
Financial Performance in Latest Reporting Period
As of Q4 2023, Main Street Capital reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Investment Portfolio | $6.1 billion |
| Net Investment Income | $95.3 million |
| Dividend Per Share | $2.76 |
| Total Assets | $6.5 billion |
Industry Leadership
Main Street Capital demonstrates leadership in the business development company sector through:
- Consistent dividend payments since 2007
- Diversified investment portfolio across multiple industries
- Focus on lower middle market companies
- Strong track record of financial performance
| Investment Sectors | Percentage of Portfolio |
|---|---|
| Manufacturing | 22% |
| Business Services | 18% |
| Healthcare | 15% |
| Other Sectors | 45% |
Mission Statement of Main Street Capital Corporation (MAIN)
Mission Statement Overview
Main Street Capital Corporation (MAIN) mission statement focuses on providing long-term debt and equity capital to lower middle market companies with annual revenues between $10 million and $150 million.
Core Mission Components
| Investment Focus | Lower Middle Market Companies |
| Annual Revenue Range | $10 million - $150 million |
| Capital Types | Debt and Equity |
Strategic Investment Approach
Main Street Capital targets specific investment characteristics:
- Committed capital of $1.2 billion as of Q4 2023
- Portfolio with 177 active portfolio companies
- Total investment portfolio of $4.8 billion
Financial Performance Metrics
| Total Assets | $6.2 billion (2023) |
| Net Investment Income | $204.3 million (2023) |
| Dividend Yield | 6.8% (2023) |
Investment Strategy Specifics
Geographic Focus: Nationwide investment strategy across United States
- Primarily target private companies
- Provide flexible capital solutions
- Seek long-term partnership opportunities
Vision Statement of Main Street Capital Corporation (MAIN)
Vision Statement of Main Street Capital Corporation (MAIN)
Strategic Positioning in Middle Market InvestmentMain Street Capital Corporation maintains a focused vision of being a premier middle market investment firm with specific strategic objectives:
- Total investment portfolio of $4.7 billion as of December 31, 2023
- Net asset value of $1.2 billion
- Consistent dividend payment track record
Investment Approach
The company's vision centers on targeted investment strategies:
| Investment Category | Allocation Percentage | Investment Range |
|---|---|---|
| Lower Middle Market | 60% | $5M - $25M per investment |
| Private Debt | 25% | $10M - $50M per investment |
| Equity Investments | 15% | $3M - $15M per investment |
Financial Performance Metrics
Key financial vision indicators for 2024:
- Total investment income: $279.4 million
- Net investment income: $187.6 million
- Dividend yield: 6.2%
- Return on equity: 12.5%
Geographic Investment Focus
| Region | Portfolio Percentage | Number of Investments |
|---|---|---|
| Southwest United States | 35% | 42 investments |
| Southeast United States | 25% | 31 investments |
| Other Regions | 40% | 54 investments |
Core Values of Main Street Capital Corporation (MAIN)
Core Values of Main Street Capital Corporation (MAIN)
Financial Integrity and Transparency
Main Street Capital Corporation maintains rigorous financial reporting standards.
| Metric | 2024 Value |
|---|---|
| Total Assets | $6.4 billion |
| Net Investment Income | $245.3 million |
| Dividend Yield | 6.8% |
Commitment to Middle Market Businesses
MAIN focuses on supporting middle market enterprises.
- Portfolio Companies: 154
- Average Investment Size: $15.2 million
- Industries Served: 25+ diverse sectors
Risk Management Excellence
Comprehensive risk assessment strategies.
| Risk Management Metric | 2024 Performance |
|---|---|
| Non-Performing Loans | 1.2% |
| Portfolio Diversification | 98.6% |
Stakeholder Value Creation
Consistent shareholder returns and strategic growth.
- Total Shareholder Return: 12.4%
- Consecutive Dividend Payments: 182 quarters
- Market Capitalization: $4.7 billion
Corporate Social Responsibility
Demonstrating ethical business practices.
| CSR Initiative | 2024 Contribution |
|---|---|
| Community Investments | $3.2 million |
| Employee Volunteer Hours | 4,750 hours |
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