Main Street Capital (MAIN) Tops Q4 EPS by 6c
Main Street Capital (NYSE: MAIN) reported Q4 EPS of $0.69, $0.06 better than the analyst estimate of $0.63.
- Net investment income of $42.1 million (or $0.69 per share), representing a 12% increase from the fourth quarter of 2017
- Distributable net investment income(1) of $44.4 million (or $0.72 per share), representing an 11% increase from the fourth quarter of 2017
- Total investment income of $59.3 million, representing a 6% increase from the fourth quarter of 2017
- Declared regular monthly dividends totaling $0.585 per share for the first quarter of 2019, or $0.195 per share for each of January, February and March 2019, representing a 2.6% increase from the regular monthly dividends paid for the first quarter of 2018
- Paid semi-annual supplemental cash dividend of $0.275 per share in December 2018
- Completed $60.0 million in total lower middle market (\"LMM\") portfolio investments, including investments totaling $46.3 million in one new LMM portfolio company, which after aggregate repayments of debt principal and return of invested equity capital from several LMM portfolio investments resulted in a net increase of $25.0 million in total LMM portfolio investments
- Net decrease of $5.9 million in middle market portfolio investments
- Net increase of $35.0 million in private loan portfolio investments
- Amended revolving credit facility ("Credit Facility") to increase the total commitments by $25.0 million to $705.0 million from a diversified group of eighteen lenders
For earnings history and earnings-related data on Main Street Capital (MAIN) click here.
