Main Street Capital Corp (MAIN) Files Form 4 Insider Buying : Shannon Martin Buys 38 Shares

Main Street Capital Corp (MAIN): Shannon Martin , VP, Chief Accounting Officer of Main Street Capital Corp purchased 38 shares on Apr 15, 2016. The Insider buying transaction was reported by the company on Apr 25, 2016 to the Securities and Exchange Commission. The shares were purchased at $31.48 per share for a total value of $1,199.17 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 25, 2016, David L. Magdol (Vice Chairman, CIO and SMD) purchased 281 shares at $31.48 per share price.On Apr 25, 2016, Brian E. Lane (director) purchased 13 shares at $31.50 per share price.Also, On Apr 25, 2016, Michael Jr Appling (director) purchased 580 shares at $31.54 per share price.On Apr 25, 2016, Joseph E Canon (director) purchased 213 shares at $31.50 per share price.

Main Street Capital Corporation: On Friday, Apr 22, 2016 heightened volatility was witnessed in Main Street Capital Corporation which led to swings in the share price. The shares opened for trading at $31.18 and hit $31.55 on the upside , eventually ending the session at $31.44, with a gain of 0.87% or 0.27 points. The heightened volatility saw the trading volume jump to 1,51,672 shares. The 52-week high of the share price is $33.15 and the company has a market cap of $1,588 M . The 52-week low of the share price is at $24.21.

Main Street Capital Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Main Street Capital Corporation is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $30 .The Rating was issued on Mar 28, 2016.Main Street Capital Corporation is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 34 from a previous price target of $38 . The Rating was issued on Feb 29, 2016.

Main Street Capital Corporation (MSCC) is a principal investment firm which provides customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. The Company’s portfolio investments are made to support management buyouts recapitalizations growth financings refinancings and acquisitions of companies that operate in various industry sectors. MSCC invests primarily in secured debt investments equity investments warrants and other securities of LMM companies based in the United States and in secured debt investments of Middle Market companies generally headquartered in the United States. MSCC’s investment portfolio includes its investments in LMM portfolio companies investments in Middle Market portfolio companies Private Loan portfolio investments Other Portfolio investments and the investment in MSC Adviser I LLC (the External Investment Manager).

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