Analysts on Wall Street project that Main Street Capital (MAIN) will announce quarterly earnings of $1.03 per share in its forthcoming report, representing an increase of 1% year over year. Revenues are projected to reach $128 million, increasing 6.4% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a comp ...

Chris Amaral/DigitalVision via Getty ImagesWelcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period t ...

PM Images Main Street Capital (NYSE:MAIN) is one of the most popular business development corporations (BDC) on Seeking Alpha, with 72,800 followers. MAIN is the 7th largest BDC by net assets ($2.48 billion) and the 5th largest by market cap ($4.05 billion), yet it's the 2nd most followed BDC on Seeking Alpha behind Ares Capital (ARCC) with 77,060 followers. I started a position in MAIN when it was trading in the mid-30s in May of 2022, and since then, my initial investment has increased by 31.18%, and ...

JimSchemel On our last coverage of Main Street Capital (NYSE:MAIN) we felt the valuation was middling for the shares. We expected the premium performance to continue, but just couldn't get behind it at the valuation at the time. On the other hand we found solid appeal in the bonds and gave them a buy rating. We now look at how those trades have worked and how the company has fared. We also give a new suggestion for income seekers. The Company MAIN is one of the best known BDCs and it has provided capita ...

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. Hyzak, Main Street's Chief Executive Officer, stated, "We are extrem ...

Main Street Capital (NYSE:MAIN) Q4 2023 Earnings Conference Call February 23, 2024 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 - Chief Financial Officer and Chief Operating Officer Conference Call Participants Robert Dodd - Raymond James Bryce Rowe - B. Riley Securities Mark Hughes - Truist Securities Eric Zwick - Hovde Group Operator Greetings, and welcome to the ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K Main Street Capital Corporation (Exact name of registrant as specified in its charter) (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-33723 (State or other juri ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-33723 Main Street Capital Corporation (Exact name of registrant as specified in its charter) (State or o ...

(2) As of June 30, 2023, MAIN's Credit Facilities had $1.2 billion in total commitments; MAIN's Credit Facilities include accordion features which could increase total commitments up to $1.8 billion; in August 2023, MAIN expanded its total commitments under the Corporate Facility (as defined on page 42) by $15.0 million from $980.0 million to $995.0 million (3) Includes $500.0 million of July 2026 Notes, $450.0 million of May 2024 Notes, and $150.0 million of December 2025 Notes MAIN Executive Management Te ...

Financial Data and Key Metrics Changes - The company reported a return on equity of 19.2% for the second quarter, with new quarterly records for net investment income (NII) per share, distributable net investment income (DNII) per share, and net asset value (NAV) per share for the fourth consecutive quarter [18][21][79] - Total investment income increased by $42.4 million or 50% year-over-year, reaching $127.6 million, with strong performance across all income components [27] - DNII per share for the quarter was a record $1.12, an increase of $0.34 or 30% year-over-year, exceeding total dividends paid by 24% [79][155] Business Line Data and Key Metrics Changes - The lower middle market portfolio represented 52% of total assets at fair value, exceeding the company's target, while the middle market portfolio was reduced to 7% [143] - The company completed $168 million in total private loan investments, resulting in a net decrease of $11 million in the private loan portfolio due to repayments and realized losses [26][156] - The lower middle market investment pipeline was characterized as average, with a mix of follow-on investments in existing portfolio companies and new platform opportunities [42][64] Market Data and Key Metrics Changes - Interest income increased by $33.3 million or 52% year-over-year, driven by rising benchmark interest rates and growth in debt investments [75] - Interest expense rose by $9.5 million over the prior year, primarily due to higher benchmark rates and new debt obligations [76] - The company maintained a conservative leverage ratio of 0.75, slightly below its target range, indicating a cautious approach in the current economic environment [149] Company Strategy and Development Direction - The company aims to grow its lower middle market portfolio to over 50% of total assets, with a long-term goal of reaching 55-60% [3][119] - The strategic shift towards private loans is driven by the belief in a favorable direct lending environment and the potential for better risk-adjusted returns compared to middle market investments [47][142] - The company plans to continue focusing on the lower middle market and private loan strategies, with expectations for continued strong performance in these areas [138][142] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate current economic uncertainties and maintain strong performance in the third quarter [30][80] - The company anticipates continued strong performance from its lower middle market portfolio, with expectations for fair value appreciation and dividend income contributions [138][124] - Management highlighted the importance of maintaining a conservative capital structure and strong liquidity to capitalize on future investment opportunities [32][53] Other Important Information - The board declared a supplemental dividend of $0.275 per share for September 2023, marking the eighth consecutive quarterly supplemental dividend [157] - The company recorded net fair value appreciation of $29.4 million in its investment portfolio, with significant contributions from lower middle market investments [77][148] - The company expects to propose additional supplemental dividends in the future, contingent on continued favorable performance [158] Q&A Session Summary Question: Can you provide insights on the lower middle market pipeline? - Management indicated that the pipeline is characterized as average, with a consistent amount of follow-on investment opportunities in existing portfolio companies [63][64] Question: Why is the company maintaining a conservative leverage ratio? - Management explained that the conservative approach is intentional, reflecting a cautious stance in the current economic environment despite strong performance [66][68] Question: What are the trends in EBITDA growth among portfolio companies? - Management noted that performance is more company-specific than industry-specific, with some companies performing exceptionally well [122][124] Question: How does the company view future supplemental dividends? - Management expressed confidence in continuing to declare supplemental dividends as long as DNII significantly exceeds regular dividends and NAV remains stable or positive [158]