earnings
confidence high
sentiment positive
materiality 0.75
Main Street Capital prelim Q3 NII $0.99-$1.01, DNII $1.05-$1.07; NAV record $30.54-$30.60
Main Street Capital CORP
2024-Q3 EPS reported
$3.07
- Estimated NII per share $0.99-$1.01; DNII per share $1.05-$1.07, exceeding total dividends by >2%.
- NAV per share of $30.54-$30.60 (+2.5-2.7% QoQ); 18-20% annualized ROE for Q3.
- Non-accrual investments at 1.4% of portfolio at fair value, 3.9% at cost.
- Total Q3 dividends up 7.3% YoY; expects 13th consecutive quarterly supplemental dividend in Q4.
- Private loan investments net +$162.7M; LMM net +$2.0M; middle market net -$4.3M.