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.

Earnings data Q1 2021

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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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We take a look at the action in business development companies through the third week of April and highlight some of the key themes we are watching. BDCs held in well this week, outperforming most other sectors as higher rates took a toll on markets. Moody's moved three BDCs to a negative outlook due to increased non-accruals.

BDC Weekly Review: Moody's Not Happy With Rising Non-Accruals

Main Street Capital continues its remarkable execution, justifying its bullish thesis. MAIN has a solid portfolio construct that drives NAV per share accretion over time. The Fed seems more hawkish than previously anticipated, leading me to reassess my view on MAIN.

Main Street Capital: Solid Execution Justifies A Robust, Bullish View (Upgrade)

Caterpillar

Microsoft

Procter & Gamble

STAG Industrial

Visa

Dividend stocks can offer some solace during market turbulence. These stocks offer steady payouts during every economic cycle and are often more stable than unprofitable firms.

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Capital One

Main Street Capital's stock price has surged higher, outperforming the broader BDC market on a YTD basis. The company's Q4 2023 results showed record NII and NAV per share, while the indebtedness has actually further decreased. Besides the improved results at MAIN level, the macro front has also brought additional factors that enhance the attractiveness of MAIN.

Main Street Capital: One Of The Best Ways To Play Defense In BDC Space

Main Street Capital is a popular BDC with a large following on Seeking Alpha. I have seen a significant increase in investment in MAIN, but believe the valuation is becoming stretched. I plan to consider an exit strategy if MAIN's share price reaches $50 range.

Main Street Capital's Share Price Is Getting Ahead Of Itself, But I Wouldn't Fight The Momentum

Aflac

Cummins

Corteva Inc

Dominion Energy

Discover

Dow Inc

eBay

Con Ed

Elevance Health Inc

Emerson Electric

Fortune Brands Innovations Inc

FirstEnergy

W.W. Grainger

Intel

Johnson & Johnson

Nordstrom

Jackson Financial

KeyCorp

Kroger

LyondellBasell Industries

McDonald's

Pfizer

2023 was up 24%. 3 months down in 2024 and the S&P 500 is already up 6%, down from the plus 10% they were at.

Dividend Income Summary: Lanny's March 2024 Summary

MAIN is a well-known BDC with a focus on the lower-middle markets, experiencing impressive dividend and NAV growth. The company's stock has performed exceptionally well since our last update. We review our trade ideas and tell you where the alpha is for a 6.81% yield.

Main Street: Too Expensive To Touch, But Bonds Look Delicious

Invests $36.6 Million in Five Existing Portfolio Companies HOUSTON , April 19, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that since year-end it has invested a total of $36.6 million in five existing lower middle market portfolio companies, Centre Technologies Holdings, LLC ("Centre"), Pearl Meyer Topco, LLC ("Pearl Meyer"), SI East, LLC ("SI East"), Slick Innovations, LLC ("SlickText") and Bolder Panther Group, LLC ("Smoker Friendly"). Centre is a premier mission critical IT solutions provider offering a full suite of solutions including managed & hosted services, value-added sourcing and integration and project services.

Main Street Announces Follow-On Investments

ARMOUR Residential REIT

Cherry Hill Mortgage

Chimera Investment

Dynex Capital

Ellington Financial

Franklin BSP Realty Trust Inc

Granite Point Mortgage Trust

MFA Financial

AG Mortgage Investment Trust

Annaly Capital

New York Mortgage Trust

Ready Capital Corp

Rithm Capital Corp

Two Harbors Investment

Most of these shares are either floating today or will float within a year. We're also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We're also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.

10% Yields Or Higher

Alerian MLP ETF

Ares Capital

VanEck Vectors BDC Income ETF

Blackstone Secured Lending Fund

Enbridge

Energy Transfer LP Unit

FS KKR Capital Corp

Medical Properties Trust

NextEra Energy

Realty Income Corp

SPDR S&P 500 ETF Trust

SPDR Portfolio S&P 500 High Dividend ETF

Vanguard Real Estate ETF

Energy Select Sector SPDR Fund

Utilities Select Sector SPDR Fund

The latest CPI report showed that inflation accelerated on a year-over-year basis. As a result, interest rates are likely to remain higher for longer, which poses a headwind to many high-yield stocks. However, there are still attractive opportunities in the high-yield space in a higher-for-longer environment.

The Best Dividend Stocks In A Higher-For-Longer Interest Rate Environment

Announces First Quarter 2024 Earnings Release and Conference Call Schedule HOUSTON , April 16, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the first quarter of 2024 and its first quarter 2024 earnings release and conference call schedule. In commenting on the Company's operating results for the first quarter of 2024, Dwayne L.

Main Street Announces Preliminary Estimate of First Quarter 2024 Operating Results

Ares Commercial Real Estate

AGNC Investment

Blackstone Mortgage Trust

Capital Southwest

Orchid Island Capital

PennyMac Mortgage Investment

We're looking at two REITs with similar portfolios and a 20% difference in valuation. For these REITs, we believe changes in book value were pretty small during Q1 2024.

Huge Disparity In These 2 REITs

HOUSTON , April 11, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2024, Main Street originated new or increased commitments in its private loan portfolio of $146.3 million and funded total investments across its private loan portfolio with a cost basis totaling $154.5 million.

Main Street Announces First Quarter 2024 Private Loan Portfolio Activity

Triplepoint Venture Growth BDC

Let me start today's article with an admission: Closed-end funds (CEFs) are my passion—but not only for their 8%+ dividends (often paid monthly).

Why These Funds Are The Best Dividend Plays Around

Dividend investors look for promising investment opportunities that provide steady cash flow. Some corporations offer quarterly dividend distributions for their investors and raise them yearly.

Monthly Money Makers: 3 Dividend Stocks for Consistent Cash Flow

Main Street Capital has delivered strong results in its lower middle market loan portfolio in recent years.

Main Street Capital: A Solid 8% Yield, But Unattractive Risk/Reward (Rating Downgrade)

Amazon

Cintas Corp

Walmart

Watsco

Investing in stocks and other assets can lead to a better retirement. Investments compound over time and have the potential to deliver exceptional long-term returns.

The 7 Best Retirement Stocks to Buy in April 2024

Agree Realty

Alexandria Real Estate Equities

Boston Properties

Crown Castle International

Camden Property

Essential Properties Realty Trust Inc

Golub Capital BDC

Hercules Capital

Mid-America Apartment Communities

National Retail Properties

Blue Owl Capital Corp

Blue Owl Capital Corp III

Sixth Street Specialty Lending

W. P. Carey

Dividends are a great way to fund a retirement. Equity REITs and BDCs are popular choices for retirees seeking dividend income due to their attractive yields and stable cash flows. We compare REITs and BDCs, and share which we think is the better choice for retiring with dividends in April 2024.

Better Buy For Retiring With Dividends In April 2024: BDCs Or REITs

American Express

Dividend investing allows investors to generate passive income from holding onto shares of various corporations. You can choose from individual stocks, dividend funds or a combination of both.

The 3 Most Undervalued Dividend Stocks to Buy in April 2024

News for Main Street Capital Stock (MAIN)