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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Shares of MAIN have fallen -23.38% since November, pushing its yield past 7%. This has created an interesting entry point. MAIN has consistently increased its portfolio investments, NAV, and distributable net investment income, which has fueled a growing dividend.

Main Street Capital: 7% Yield Is The Entry Point I Have Waited For

MAIN continues to demonstrate respectable growth, with record DNII/share and continued NAV/share growth. MAIN is well positioned for further growth, maintaining a strong balance sheet and having a burgeoning asset management business.

Main Street Capital: Why Your Kingdom Can Use This High-Yielder

Main Street Capital Corporation (NYSE:MAIN ) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET Company Participants Zach Vaughan - Dennard Lascar Investor Relations Dwayne Hyzak - Chief Executive Officer David Magdol - President and Chief Investment Officer Jesse Morris - EVP, Chief Financial Officer and Chief Operating Officer Nick Meserve - Managing Director and Head of our Private Credit Investment Group Conference Call Participants Robert Dodd - Raymond James Bryce Rowe - Hovde Group Kenneth Lee - RBC Capital Markets Operator Greetings, and welcome to the Main Street Capital Corporation First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Main Street Capital Corporation (MAIN) CEO Dwayne Hyzak on Q1 2022 Results - Earnings Call Transcript

First Quarter 2022 Net Investment Income of $0.73 Per Share First Quarter 2022 Distributable Net Investment Income(1) of $0.77 Per Share Net Asset Value of $25.89 Per Share HOUSTON , May 5, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the first quarter of 2022. First Quarter 2022 Highlights Net investment income of $52.2 million (or $0.73 per share) Distributable net investment income(1) of $55.0 million (or $0.77 per share) Total investment income of $79.4 million An industry leading position in cost efficiency, with a ratio of total non-interest operating expenses as a percentage of average total assets ("Operating Expenses to Assets Ratio") of 1.1% on an annualized basis for the quarter and 1.5% for the trailing twelve month ("TTM") period ended March 31, 2022 Net increase in net assets resulting from operations of $65.2 million (or $0.91 per share) Return on equity(2) of 14.2% on an annualized basis for the quarter and 19.9% for the TTM period ended March 31, 2022 Net asset value of $25.89 per share at March 31, 2022, representing an increase of $0.60 per share, or 2.4%, compared to $25.29 per share at December 31, 2021 Declared monthly dividends totaling $0.645 per share for the second quarter of 2022, or $0.215 per share for each of April, May and June 2022, representing a 4.9% increase from the monthly dividends paid for the second quarter of 2021 Declared and paid a supplemental dividend of $0.075 per share, resulting in total dividends paid in the first quarter of 2022 of $0.72 per share Completed $77.5 million in total lower middle market ("LMM") portfolio investments, including investments totaling $51.5 million in two new LMM portfolio companies, which after aggregate repayments of debt principal and return of invested equity capital from several LMM portfolio investments resulted in a net increase of $57.2 million in total LMM portfolio investments Completed $201.5 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 resulted in a net increase of $114.3 million in total private loan portfolio investments In commenting on Main Street's results, Dwayne L.

MAIN STREET ANNOUNCES FIRST QUARTER 2022 RESULTS

HOUSTON , May 3, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that at its 2022 annual meeting of stockholders, it received approval from its stockholders to reduce its minimum asset coverage ratio to 150% from 200%. The change to Main Street's minimum asset coverage ratio is effective as of today.

Main Street Receives Stockholder Approval to Reduce Asset Coverage Ratio to 150%

Regular Monthly Dividends of $0.215 per Share for each of  July, August and September 2022 Supplemental Dividend of $0.075 per Share Payable in June 2022 HOUSTON , May 3, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.215 per share for each of July, August and September 2022.  These monthly dividends, which will be payable pursuant to the table below, total $0.645 per share for the third quarter of 2022, represent a 4.9% increase from the regular monthly dividends paid for the third quarter of 2021 and are consistent with the regular monthly dividends declared for the second quarter of 2022.

Main Street Announces Third Quarter 2022 Regular Monthly Dividends and Supplemental Dividend Payable in June 2022

Despite increase in loans originations, low interest income and higher expenses are likely to have affected Main Street's (MAIN) Q1 earnings.

What's in the Cards for Main Street (MAIN) in Q1 Earnings?

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HOUSTON , April 14, 2022 /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 2022, Main Street originated approximately $226.6 million in new commitments in its private loan portfolio across six new and two existing borrowers and funded total investments across its private loan portfolio with a cost basis totaling approximately $201.5 million.

Main Street Announces First Quarter 2022 Private Loan Portfolio Activity

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Call Scheduled for 10:00 a.m. Eastern Time on Friday, May 6, 2022 HOUSTON , April 13, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it will release its first quarter 2022 results on Thursday, May 5, 2022, after the financial markets close.

MAIN STREET ANNOUNCES FIRST QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Main Street Capital is a high-quality business development company with a strong track record.

Main Street Capital: 7% Monthly Dividend Yield On Sale

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MAIN's Q4 '21 total investment income rose 31.5%, NII grew 29%, DNII rose 28%, NII/Share rose 23.7%, and NAV/Share rose 13%.

Main Street Capital: Strong Q4 '21, 6% Monthly Dividends

HOUSTON, Feb. 28, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it has received approval from its Board of Directors to reduce its minimum asset coverage ratio to 150% from 200%. The reduction to Main Street's minimum asset coverage ratio is being made pursuant to Section 61(a)(2) of the Investment Company Act of 1940, which provides that such approval shall take effect on the one-year anniversary of the Board of Directors' approval.

Main Street Receives Board Approval to Reduce Asset Coverage Ratio to 150%

Main Street Capital's (MAIN) CEO Dwayne Hyzak on Q4 2021 Results - Earnings Call Transcript

Main Street Capital (MAIN) delivered earnings and revenue surprises of 11.59% and 12.41%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Main Street Capital (MAIN) Surpasses Q4 Earnings and Revenue Estimates

News for Main Street Capital Stock (MAIN)