earnings
confidence high
sentiment positive
materiality 0.80
Main Street Capital prelim Q2 NII $1.00-$1.02/sh, NAV $29.77-$29.83, ROE 15-17%
Main Street Capital CORP
2024-Q2 EPS reported
$2.07
- Preliminary Q2 2024 NII $1.00-$1.02/sh and DNII $1.06-$1.08/sh; quarterly annualized ROE estimated 15%-17%.
- NAV per share rose to $29.77-$29.83 from $29.54 at Mar 31, an 8th consecutive quarterly record.
- Total dividends paid in Q2 2024 increased 13% YoY; DNII exceeded dividends by over 48.5% (monthly) and 4.5% (total).
- Investment activity: LMM portfolio net +$69.0M, private loan net +$224.9M, middle market net -$66.1M.
- Non-accrual investments at 1.2% fair value (3.6% cost) as of June 30, 2024.