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Main Street Capital: High Quality Comes At A High Premium
seekingalpha.com· 2024-05-25 15:19
JimSchemel Overview Main Street Capital (NYSE:MAIN) has been one of my best performing business development companies over the last few years. The current dividend yield sits at 6% and the distributions are issued out on a monthly basis. The total return from MAIN can be attributed to its strong price growth over the last few years as well as the consistent high rate of distribution raises and supplementals issued. Over a five year time frame we can see that the price has moved up nearly 20% while the total ...
Main Street Announces Follow-On Investment
Prnewswire· 2024-05-14 19:00
Invests $25.9 Million in Nebraska Vet AcquireCo, LLC to Support Acquisition HOUSTON, May 14, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment totaling $25.9 million in Nebraska Vet AcquireCo, LLC, dba Heritage Vet Partners, P.C. ("Heritage" or the "Company"). Main Street completed the follow-on investment in Heritage to support the Company's acquisition of Muleshoe Animal Clinic, PLLC, Muleshoe Vet Labs ...
MSCC(MAIN) - 2024 Q1 - Earnings Call Presentation
2024-05-11 02:25
Main Street Capital Corporation NYSE: MAIN mainstcapital.com www.mainstcapital.com Page 4 Main Street Capital Corporation NYSE: MAIN mainstcapital.com www.mainstcapital.com Page 5 • Multi-faceted investment strategy supports growth of dividends over various cycles and markets $26.00 • mainstcapital.com Page 9 Investment Objectives • Access proprietary investments with attractive risk-adjusted return characteristics • Generate cash yield to support MAIN monthly dividend More relative liquidity than LMM and P ...
MSCC(MAIN) - 2024 Q1 - Earnings Call Transcript
2024-05-11 00:55
财务数据和关键指标变化 - 总投资收益同比增长9.4%,环比增长1.8% [58][59] - 利息收入同比增加6.7百万美元,环比下降0.6百万美元 [60] - 股息收入同比下降5.9%,环比下降4.2% [61][62] - 费用收入同比增加6.1百万美元,环比增加3.9百万美元 [63][64] - 外部投资管理公司贡献的净投资收益同比增加0.5百万美元,环比下降0.6百万美元 [65] 各条业务线数据和关键指标变化 - 下中市场投资净增加6700万美元 [22][23] - 私募贷款投资净增加5500万美元 [23] - 中市场投资净减少2200万美元 [54] - 下中市场投资组合公司中有49家公司的股权投资出现增值,48家公司在过去12个月内贡献了股息收入 [50] - 超过一半的下中市场公司在今年第一季度的TTM EBITDA较上一季度有所增加 [50] 各个市场数据和关键指标变化 - 下中市场投资组合公司数量为81家,公允价值为24亿美元,较成本高28% [54] - 私募贷款投资组合公司数量为88家,公允价值为15亿美元 [54] - 中市场投资组合公司数量为22家,公允价值为2.39亿美元 [54] - 总投资组合公允价值为成本的115% [55] 公司战略和发展方向及行业竞争 - 公司的永久资本结构和长期持有策略使其能够成为下中市场企业的理想长期合作伙伴 [38][39][40] - 长期持有期使公司能够建立一个成熟公司的多元化投资组合,这些公司通常负债较低 [41][42][43][44] - 公司能够快速支持下中市场公司的内部和外部增长计划 [45][46][47][48][49] - 公司正在积极寻求增加外部投资管理基金资产管理规模的战略性举措 [100][101][102][103][104][105][106][107] 管理层对经营环境和未来前景的评论 - 公司对下中市场和私募贷款投资策略的前景保持乐观 [14][15][33][34] - 公司认为当前的经济环境有利于公司的独特融资解决方案 [33] - 公司对第二季度的业绩前景也持乐观态度 [75] - 公司将继续保持谨慎的资本结构和充足的流动性,为未来的投资组合增长提供支持 [16][24][72] 问答环节重要的提问和回答 问题1 **Bryce Rowe 提问** 询问公司是否会将杠杆率提高至目标区间 [80][81][82][83] **Dwayne Hyzak 回答** 公司将逐步将杠杆率提高至0.8-0.9的目标区间,但仍将保持较为谨慎的水平 [83][84] 问题2 **Robert Dodd 提问** 询问公司对外部投资管理业务的未来规划 [98][99][100][101][102][103][104][105][106][107] **Dwayne Hyzak 回答** 公司正在积极探索增加外部投资管理基金资产管理规模的战略性举措,但目前尚未有具体计划 [100][101][102][103][104][105][106][107] 问题3 **Dwayne Hyzak 回答** 公司目前投资组合中表现较弱的主要是一些面向低端消费者的行业,其他行业整体表现良好 [120][121][122]
MSCC(MAIN) - 2024 Q1 - Quarterly Report
2024-05-10 23:05
Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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 other ...
Here's What Key Metrics Tell Us About Main Street Capital (MAIN) Q1 Earnings
Zacks Investment Research· 2024-05-10 08:01
For the quarter ended March 2024, Main Street Capital (MAIN) reported revenue of $131.61 million, up 9.4% over the same period last year. EPS came in at $1.05, compared to $1.02 in the year-ago quarter.The reported revenue represents a surprise of +2.82% over the Zacks Consensus Estimate of $128 million. With the consensus EPS estimate being $1.03, the EPS surprise was +1.94%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...
MSCC(MAIN) - 2024 Q1 - Quarterly Results
2024-05-10 04:29
公司信息 - 公司总部位于德克萨斯州休斯顿市[1] 新闻稿发布 - 公司于2024年4月11日发布了一份新闻稿[3] - 公司未来展望和业绩指引将在新闻稿中提及[3]
Main Street Announces Third Quarter 2024 Regular Monthly Dividends, Including a Monthly Dividend Increase, and Supplemental Dividend Payable in June 2024
Prnewswire· 2024-05-07 19:00
Regular Monthly Dividends of $0.245 per Share for each of July, August and September 2024 Monthly Dividends Represent a 2.1% Increase Compared to Second Quarter 2024 and a 6.5% Increase Compared to Third Quarter 2023 Supplemental Dividend of $0.30 per Share Payable in June 2024 HOUSTON, May 7, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.245 per share for each of July, August ...
Main Street Capital (MAIN) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Zacks Investment Research· 2024-05-06 22:22
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 ...
BDC Weekly Review: Moody's Not Happy With Rising Non-Accruals
Seeking Alpha· 2024-04-27 11:13
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 ...