Main Street Capital

Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street's investments are primarily made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides ''one-stop'' financing alternatives to its portfolio companies.

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Earnings data Q4 2024

Main Street Capital achieves record-breaking performance and plans new fund launch

Main Street Capital delivered record-breaking performance in Q4 2022, with strong full-year results and a focus on shareholder returns through dividends. Despite challenges in the investment pipeline and potential credit quality issues, the company remains optimistic about generating new opportunities and maintaining a conservative approach to leverage. Main Street's emphasis on asset management and private loan strategies positions them well for future growth.

Main Street Capital achieves record Q1 results and plans dividend growth

Main Street Capital's Q1 performance reflects financial strength and growth potential, supported by a diversified portfolio and effective financing solutions. While facing challenges from economic uncertainties and rising expenses, the company is well-positioned to capitalize on opportunities for dividend growth, portfolio expansion, and team development.

Main Street Capital achieves record Q2 performance and eyes strategic growth

Main Street Capital delivered strong financial performance in Q2 2023, setting new records in key metrics and demonstrating growth across its investment strategies.
While facing challenges such as increased expenses and potential investment volatility, the company remains focused on shareholder value and strategic growth initiatives.
Opportunities lie in expanding the private loan fund, increasing the lower middle market portfolio share, and leveraging the strong performance of portfolio companies.
Overall, Main Street Capital's Q2 performance and strategic outlook position the company well for continued growth and value creation for shareholders.

Main Street Capital reports strong Q3 performance and growth opportunities

Main Street Capital delivered a strong Q3 performance with a focus on strategic investments and positive operating performance from portfolio companies.
Challenges included lower-than-expected investment activity and specific operating performance issues leading to increased nonaccruals.
Opportunities lie in continued acquisition growth strategies, adjusting marks post-transaction closes, and capitalizing on positive sentiment from portfolio companies.

Main Street Capital achieves record Q4 results and eyes growth

Main Street Capital delivered exceptional Q4 2023 results, marked by record achievements in various financial metrics and strong shareholder value enhancement.
The company's focus on maintaining financial stability, providing liquidity options, and optimizing investment strategies positions it well for growth and resilience.
While challenges like managing leverage and portfolio quality persist, Main Street's opportunities for growth through debt financing, acquisitions, and external manager contributions are promising.

Main Street Capital achieves record returns and plans dividend growth

Main Street Capital delivered strong financial performance in Q1 2024, driven by record returns on equity, NAV per share, and investment income, supported by diversified strategies and asset management.
While facing challenges such as yield compression and cautious market segments, the company remains focused on leveraging opportunities in private loans, deal activities, and fund expansions for sustainable growth.
Maintaining a conservative leverage profile and emphasizing the value of its asset management business, Main Street aims to navigate market dynamics and deliver consistent shareholder value.
With a record high net asset value per share and plans for dividend increases, Main Street Capital demonstrates financial strength, strategic resilience, and a commitment to shareholder returns.

Main Street Capital reports robust Q2 performance and strategic growth plans

Main Street Capital's Q2 2024 performance reflects strong financial metrics and strategic decisions to enhance shareholder value. While facing challenges in nonaccruals and fee adjustments, the company is well-positioned to leverage growth opportunities in its investment pipelines. Overall, Main Street's focus on portfolio expansion and prudent financial management bodes well for its future.

Main Street Capital reports strong Q3 performance and dividend growth

Main Street Capital delivered robust financial results in Q3 2024, showcasing strong performance across investments and asset management.
While facing challenges such as increased operating expenses and varying investment pipelines, the company remains well-positioned with a conservative leverage profile and liquidity.
Opportunities lie in recommending future dividends, anticipated strong performance in Q4, and capitalizing on investment opportunities in the lower middle market.

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The headline numbers for Main Street Capital (MAIN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Main Street Capital (MAIN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Main Street Capital (MAIN) came out with quarterly earnings of $1.06 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.75 per share a year ago.

Main Street Capital (MAIN) Meets Q2 Earnings Estimates

Second  Quarter 2023 Net Investment Income of $1.06 Per Share Second  Quarter 2023 Distributable Net Investment Income (1)  of $1.12 Per Share Net Asset Value of $27.69 Per Share HOUSTON , Aug. 3, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Net investment income of $85.7 million (or $1.06 per share) Distributable net investment income(1) of $90.3 million (or $1.12 per share) Total investment income of $127.6 million An industry leading position in cost efficiency, with a ratio of total non-interest operating expenses as a percentage of quarterly average total assets ("Operating Expenses to Assets Ratio") of 1.4% on an annualized basis for the quarter and 1.4% for the trailing twelve month ("TTM") period ended June 30, 2023 Net increase in net assets resulting from operations of $106.5 million, or $1.32 per share Return on equity(2) of 19.2% on an annualized basis for the quarter Net asset value of $27.69 per share at June 30, 2023, representing an increase of $0.46 per share, or 1.7%, compared to $27.23 per share at March 31, 2023, and $0.83 per share, or 3.1%, compared to $26.86 per share at December 31, 2022 Declared regular monthly dividends totaling $0.69 per share for the third quarter of 2023, or $0.23 per share for each of July, August and September 2023, representing a 7.0% increase from the regular monthly dividends paid in the third quarter of 2022 Declared and paid a supplemental dividend of $0.225 per share, resulting in total dividends paid in the second quarter of 2023 of $0.90 per share and representing a 25.0% increase from the total dividends paid in the second quarter of 2022 and a 5.9% increase from the total dividends paid in the first quarter of 2023 Completed $130.7 million in total lower middle market ("LMM") portfolio investments, including investments totaling $106.2 million in three new LMM portfolio companies, which after aggregate repayments of debt principal and return of invested equity capital from several LMM portfolio investments and a decrease in cost basis due to the realized loss on a LMM portfolio investment resulted in a net decrease of $6.9 million in the total cost basis of our LMM portfolio Completed $168.1 million in total private loan portfolio investments, which after aggregate repayments of debt principal and return of invested equity capital from several private loan portfolio investments and a decrease in cost basis due to the realized loss on a private loan portfolio investment resulted in a net decrease of $11.3 million in the total cost basis of our private loan portfolio Net decrease of $39.4 million in the cost basis of our middle market portfolio, which resulted from the net investment activity and a decrease in cost basis due to the realized losses on several middle market portfolio investments In commenting on Main Street's operating results for the second quarter of 2023, Dwayne L.

MAIN STREET ANNOUNCES SECOND QUARTER 2023 RESULTS

Regular Monthly Dividends of $0.235 per Share for each of October, November and December 2023 Monthly Dividends Represent a 2.2% Increase Compared to Third Quarter 2023 and a 6.8% Increase Compared to Fourth Quarter 2022 Supplemental Dividend of $0.275 per Share Payable in September 2023 HOUSTON , Aug. 2, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.235 per share for each of October, November and December 2023.  These monthly dividends, which will be payable pursuant to the table below, total $0.705 per share for the fourth quarter of 2023 and represent a 2.2% increase from the regular monthly dividends declared for the third quarter of 2023 and a 6.8% increase from the regular monthly dividends paid in the fourth quarter of 2022.

Main Street Announces Fourth Quarter 2023 Regular Monthly Dividends, Including a Monthly Dividend Increase, and Supplemental Dividend Payable in September 2023

Increase in loan originations and net increase in fair value of investment portfolio are likely to have supported Main Street's (MAIN) Q2 earnings. However, a rise in expenses is concerning.

What's in the Cards for Main Street (MAIN) in Q2 Earnings?

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MAIN is a BDC built to last, and the key is management whose incentives align with shareholders. Unlike most BDCs, which are externally managed, BDC is internally managed. MAIN's long-term 13.7% consensus total return potential from analysts is expected to be boosted by very attractive valuations, creating the potential for strong 20% annual returns through 2025.

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Announces Second Quarter 2023 Earnings Release and Conference Call Schedule HOUSTON , July 18, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the second quarter of 2023 and its second quarter 2023 earnings release and conference call schedule. In commenting on the Company's operating results for the second quarter of 2023, Dwayne L.

Main Street Announces Preliminary Estimate of Second Quarter 2023 Operating Results

HOUSTON , July 13, 2023  /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the second quarter of 2023, Main Street originated new or increased commitments in its private loan portfolio of $176.4 million and funded total investments across its private loan portfolio with a cost basis totaling $147.5 million.

Main Street Announces Second Quarter 2023 Private Loan Portfolio Activity

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Let's Build A Bond Portfolio Together: Main Street Capital 2026 Bonds, Yield 7.5%

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Main Street Capital, a premier business development company, is currently trading at a high premium to its Net Asset Value, making it a less attractive investment at the moment. However, its current dividend yield of 7.08% indicates it may be undervalued. The company's portfolio is well-diversified across 195 companies in 50 industries, and it has no debt maturities until 2024. Its dividend safety score is 62, indicating a safe investment, and it has never decreased its monthly dividend rate.

I Like Main Street Capital But Not At This Price

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Main Street Capital (MAIN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Here is What to Know Beyond Why Main Street Capital Corporation (MAIN) is a Trending Stock

Main Street Capital, a business development company, has seen significant growth in investment income and net investment income over the past year. The company has shifted its strategy, focusing on smaller, more profitable companies in its lower middle market and private loan portfolios, while decreasing exposure to middle market investments. Despite the company's strong performance and a 6.8% dividend yield, the author recommends a "hold" rating due to broader economic uncertainty and current valuation.

Revisiting Main Street Capital: Far From Bad, But Not Great After Run Higher

Main Street Capital declared a monthly cash dividend of $0.23 per share, a 2.2% increase from the prior and a 6.9% annualized forward yield. The company's dual debt-equity strategy has led to a 16.19% total return over the last year, outperforming most of its BDC peers. Main Street's fiscal 2023 first quarter saw a 51.4% increase in total investment income, driven by $43.7 million in total private loan portfolio investments.

Main Street Capital: What's The Hype Around The 7% Monthly Yield?

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Main Street Capital Corporation (MAIN) is Attracting Investor Attention: Here is What You Should Know

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The retirement funding shortage crisis is growing, with many retirees and soon-to-be retirees requiring higher yields to sustain their livelihoods. Main Street Capital, a business development company, offers an attractive 7% yield and the potential to add high-quality long-term income to investors' portfolios. Despite its risks, Main Street Capital has demonstrated resilience and effective risk management, making it an appealing investment option for income-oriented investors.

News for Main Street Capital Stock (MAIN)