Main Street Capital Q1 Net Investment Income Rises

(RTTNews) - Main Street Capital Corp. (MAIN) said Thursday net investment income for the first quarter was $20.7 million or $0.52 per share, compared to $17.3 million or $0.50 per share for the year-ago quarter.

Distributable net investment income, which is net investment income before non-cash, share-based compensation expense, increased 21% to $21.6 million or $0.54 per share in the first quarter from $17.9 million or $0.52 per share in the prior year quarter.

Net realized income for the first quarter was $22.2 million or $0.56 per share, compared to $16.9 million or $0.49 per share in the first quarter of last year.

Distributable net realized income, which is net realized income before non-cash, share-based compensation expense, was $23.0 million or $0.58 per share for the first quarter, compared to $17.5 million or $0.50 per share in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.54 per share for the first quarter. Analyst' estimates typically exclude special items.