Main Street’s (MAIN) preliminary NAV per share estimate as of June 30 is $32.27-$32.33, an increase of 24c-30c per share, or 0.7%-0.9%, from $32.03 as of March 31. CEO Dwayne Hyzak stated, “We are pleased with our performance in Q2, which resulted in another quarter of strong operating results, including favorable distributable net investment income per share and a new record for net asset value per share for the twelfth consecutive quarter, primarily driven by a significant net fair value increase and including the benefits of the largest realized gain in Main Street’s history. Our Q2 results continued our positive performance over the last few quarters and resulted in an estimated return on equity of over 17% for the quarter. We look forward to sharing the full details of our results in a few weeks.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAIN:
- Main Street price target raised to $58 from $56 at UBS
- Main Street announces Q2 private loan portfolio activity
- Main Street, Kroger, HP, Oklo, Prospect: Stock Surprises!
- Main Street Capital Braces for Impact Amid Post-Election Policy Uncertainty
- Main Street Capital’s Financial Vulnerability: Navigating Risks in Economic Downturns