Main Street reports Q2 NII 52c, consensus 47c » 16:3608/0608/06/20
Reports NAV $20.85 per…
Reports NAV $20.85 per share.
|Over a week ago|
Main Street sees Q2 NII 47c-48c, consensus 47c » 07:0207/2007/20/20
Main Street's preliminary estimate of second quarter 2020 distributable net investment income, which is NII before non-cash, share-based compensation expense, is 51c-52c. Main Street's preliminary estimate of net asset value per share as of June 30, is $20.80-$20.90, representing an increase of approximately 7c-17c per share, or 0.3%-0.8%, from the reported NAV per share of $20.73 as of March 31. The preliminary estimate of non-accrual debt investments as a percentage of Main Street's total investment portfolio as of June 30, is 1.9% on a fair value basis and 6.3% on a cost basis.
|Over a month ago|
Main Street exits debt, equity investments in IDX Broker » 07:0306/2406/24/20
Main Street Capital is…
Main Street Capital is pleased to announce that it recently fully exited its debt and equity investments in IDX Broker upon the sale of IDX to a sponsor-backed strategic acquirer. Main Street realized a gain of $9.3M on the exit of its equity investment in IDX. Main Street made its initial investment in IDX in 2013, consisting of a $10.6M first lien, senior secured debt investment and a direct equity investment of $5M. After its initial investment, Main Street made several additional follow-on debt and equity investments in IDX to facilitate certain changes to the company's capital structure and to support the company's ongoing operations and growth initiatives. On a cumulative basis since Main Street made its initial investment in 2013, Main Street realized an annual internal rate of return of 15.8% and a 1.9 times money invested return on its cumulative debt and equity investments in IDX.
Main Street announces follow-on investment » 07:0406/1606/16/20
Main Street is pleased to…
Main Street is pleased to announce that it recently completed a follow-on investment in an existing portfolio company totaling $19.9M. Main Street's follow-on investment in CAI Software supported the company's acquisition of a complementary business in the supply chain and warehouse management systems industry, significantly expanding the company's customer base and service offering. The follow-on investment consists of an additional $19.5M of first lien, senior secured term debt and a $0.4M equity investment.
Largest borrow rate increases among liquid names » 08:4505/2205/22/20
TLRD, MAIN, HTZ, ACB, PRTY, OAS, BNO, PSTI, SRG, DUST
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Tailored Brands (TLRD) 43.42% +3.38, Main Street (MAIN) 37.23% +2.48, Hertz (HTZ) 94.59% +0.79, Aurora Cannabis (ACB) 96.45% +0.61, Party City (PRTY) 9.25% +0.47, Oasis Petroleum (OAS) 9.21% +0.39, United States Brent Oil Fund (BNO) 2.68% +0.38, Pluristem (PSTI) 45.65% +0.37, Seritage Growth Properties (SRG) 4.21% +0.30, and Gold Bear 3x (DUST) 6.59% +0.29.
|Over a quarter ago|
Main Street reports Q1 NII 57c, consensus 54c » 16:2905/0705/07/20
Reports NAV $20.73 per…
Reports NAV $20.73 per share.
Largest borrow rate increases among liquid names » 08:4505/0505/05/20
X, BBBY, CEQP, NEPT, TELL, OAS, MAIN, SAND, DUST, TRIL
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: US Steel (X) 10.69% +1.47, Bed Bath & Beyond (BBBY) 3.69% +0.85, Crestwood Equity (CEQP) 1.94% +0.48, Neptune Technologies (NEPT) 55.92% +0.43, Tellurian (TELL) 14.74% +0.43, Oasis Petroleum (OAS) 3.75% +0.35, Main Street (MAIN) 16.06% +0.33, Sandstorm Gold (SAND) 1.32% +0.28, Gold Bear 3x (DUST) 5.29% +0.23, and Trillium Therapeutics (TRIL) 2.91% +0.20.
Main Street announces new portfolio investment » 07:1304/2804/28/20
Main Street Capital…
Main Street Capital announced that it recently completed a new portfolio investment to facilitate the recapitalization of Pearl Meyer & Partners, the premier independent provider of executive compensation consulting services, benchmarking data and surveys. Main Street partnered with the Company's management team and senior consultants to facilitate the transaction, with Main Street funding $48.8M in a combination of first-lien, senior secured term debt and a direct equity investment. In addition, Main Street is providing Pearl Meyer with a credit facility to support its future growth initiatives and working capital needs.
Largest borrow rate increases among liquid names » 08:4504/2304/23/20
APHA, SFIX, TELL, GME, MAIN, MNK, TLRY, TD, PSTI
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Aphria (APHA) 104.63% +2.27, Stitch Fix (SFIX) 8.88% +1.60, Tellurian (TELL) 18.10% +1.27, GameStop (GME) 112.28% +0.79, Main Street (MAIN) 18.73% +0.37, Mallinckrodt (MNK) 91.85% +0.34, Tilray (TLRY) 174.26% +0.28, Toronto Dominion Bank (TD) 0.61% +0.27, US Global Jets ETF (JETS) 15.37% +0.17, and Pluristem (PSTI) 74.20% +0.16.
Main Street downgraded to Neutral from Buy at National Securities » 07:4504/1504/15/20
National Securities analyst Bryce Rowe downgraded Main Street to Neutral from Buy with a $24 price target.