Main Street Capital (MAIN) Tops Q4 EPS by 12c

Main Street Capital (NYSE: MAIN) reported Q4 EPS of $0.63, $0.12 better than the analyst estimate of $0.51.

In commenting on Main Street's results, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our fourth quarter results, which we believe represented a strong finish to a difficult and unusual year and which continue to illustrate the strength of our portfolio companies and evidence of their ongoing recovery from the impacts of the COVID-19 pandemic. We also continued our investment origination success in both our lower middle market and private loan investment strategies with the two portfolios combining for almost $200 million in investment originations in the fourth quarter and $564 million in investment originations for the full year. Additionally, we are pleased that we generated distributable net investment income per share in excess of our monthly dividends for the fourth quarter, representing significant progress in our efforts to return to consistently generating distributable net investment income in excess of our monthly dividends on a quarterly basis consistent with our long-term historical practice. We believe that our conservative capital structure and significant liquidity position which we further enhanced by our new investment grade notes issuance in January, will allow us to continue to manage the recovery from the pandemic from a position of strength and to successfully execute on our pipeline of attractive lower middle market and private loan investment opportunities."

For earnings history and earnings-related data on Main Street Capital (MAIN) click here.

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