MAIN Intrinsic Value – HighTower Advisors LLC Decreases Investment in Main Street Capital Co.
June 25, 2023
🌥️Trending News
Main Street Capital ($NYSE:MAIN) Co. (MAIN), a publicly-traded business development company, has recently seen a reduction in its stake from HighTower Advisors LLC. It is part of the venture capital industry and specializes in private equity, venture capital, and tax credit investment funds. The company’s portfolio includes a variety of investments such as private middle-market companies, emerging companies, and publicly-traded securities. It has achieved an impressive track record of delivering consistent returns to investors since its inception, making it a desirable option for investors.
Investors may want to pay close attention to this development and consider their current positions in the stock. This news may also open up opportunities for new investors to get in on the action.
Share Price
At the opening bell, shares of MAIN STREET CAPITAL opened at $39.1 and closed at $39.3, a rise of 0.1% from its previous closing price of $39.2. The decreased investment from HighTower Advisors LLC had seemingly had no major effect on the stock price as investors seem to remain confident in the company’s outlook. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MAIN. More…
| Total Revenues | Net Income | Net Margin |
| 354.53 | 256 | 72.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MAIN. More…
| Operations | Investing | Financing |
| -177.29 | – | 199.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MAIN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.29k | 2.12k | 26.87 |
Key Ratios Snapshot
Some of the financial key ratios for MAIN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.8% | – | – |
| FCF Margin | ROE | ROA |
| -50.0% | 8.2% | 4.1% |
Analysis – MAIN Intrinsic Value
At GoodWhale, we have conducted an analysis of MAIN STREET CAPITAL’s wellbeing. Our proprietary Valuation Line has determined the fair value of MAIN STREET CAPITAL share to be around $43.0. However, MAIN STREET CAPITAL stock is currently traded at $39.3, which is a fair price that is undervalued by 8.5%. More…
Peers
The competition between Main Street Capital Corp and its competitors is fierce. Carlyle Secured Lending Inc, Sierra Income Corp, and BlackRock TCP Capital Corp are all vying for a piece of the pie, and each company has its own unique strengths and weaknesses. Main Street Capital Corp has a strong reputation and a long history of success, but its competitors are not far behind. Carlyle Secured Lending Inc has a more diversified portfolio and a higher risk tolerance, while Sierra Income Corp has a more conservative approach and a focus on income-producing investments. BlackRock TCP Capital Corp is the newest player on the scene, but it has already made a name for itself with its innovative investment strategies.
– Carlyle Secured Lending Inc ($NASDAQ:CGBD)
Carlyle Secured Lending Inc is a US based company that focuses on providing secured loans to borrowers. The company operates in two segments, Carlyle Lending and Carlyle Asset Management. Carlyle Lending offers loans to borrowers using real estate as collateral while Carlyle Asset Management provides loans against other types of collateral. As of 2022, Carlyle Secured Lending Inc had a market cap of 658.55M and a ROE of 7.86%.
– Sierra Income Corp ($NASDAQ:TCPC)
BlackRock TCP Capital Corp is a publicly traded business development company that focuses on providing financing solutions to middle market companies in the United States. The company has a market cap of 687.43 million as of 2022 and a return on equity of 4.28 percent. BlackRock TCP Capital Corp was founded in 1997 and is headquartered in Santa Monica, California.
Summary
Main Street Capital (MAIN) is an investment firm that provides long-term debt and equity capital to lower middle-market companies and debt capital to middle-market companies. Recently, HighTower Advisors, LLC reduced their position in MAIN by 8.5%, a sign that the company may be a risky investment. For investors, this should be taken as a cautionary sign and further research should be conducted on the potential risks associated with investing in MAIN. Additionally, investors should assess MAIN’s current financial performance, future earnings prospects, and valuation to determine their own risk-reward profile when it comes to investing in the company.
