Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

Main Street Capital Expects Increase in Q2 Net Investment Income

0

Main Street Capital, an investment firm, has announced that it expects its second-quarter net investment income to rise compared to the same period last year. Preliminary estimates indicate that the income will be between $1.05 and $1.07 per share, while distributable net investment income is expected to be between $1.11 and $1.13 per share.

In the previous year’s quarter, Main Street reported net investment income of 75 cents per share and distributable net investment income of 80 cents per share. This anticipated growth reflects the company’s positive performance and indicates a potential increase in profits.

Additionally, Main Street Capital also predicts a 1.6% to 1.8% rise in net asset value compared to the previous quarter. This further contributes to the company’s positive outlook and suggests a strong financial position.

Based on its preliminary estimates, Main Street Capital expects a quarterly annualized return on equity ranging from 18% to 20%. This demonstrates the company’s ability to generate substantial returns for its shareholders.

It is important to note that Main Street Capital has observed net decreases in the cost basis for its LMM portfolio, private loan investments, and middle market portfolio due to losses on specific investments. However, these losses are outweighed by the overall positive performance of the company.

For more information, please contact Ben Glickman

fxcoach

United States Steel Caught in Bidding War

Previous article

Applied Materials Expected to Beat Q3 Earnings Estimates

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News