Main Street Capital Corp (MAIN): Arthur L. French , director of Main Street Capital Corp purchased 287 shares on Jun 15, 2016. The Insider buying transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $32.46 per share for a total value of $9,311.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 22, 2016, Vincent D Foster (Chairman and CEO) purchased 2,770 shares at $32.41 per share price.On Jun 22, 2016, Joseph E Canon (director) purchased 248 shares at $32.46 per share price.Also, On Jun 22, 2016, Jason B Beauvais (SVP, GC, CCO, Sec.) purchased 151 shares at $32.41 per share price.On Jun 22, 2016, Michael Jr Appling (director) purchased 593 shares at $32.46 per share price.
Main Street Capital Corporation: On Monday, Jun 20, 2016 heightened volatility was witnessed in Main Street Capital Corporation which led to swings in the share price. The shares opened for trading at $32.64 and hit $32.74 on the upside , eventually ending the session at $32.52, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 2,35,373 shares. The 52-week high of the share price is $33.15 and the company has a market cap of $1,666 M . The 52-week low of the share price is at $24.21.
On May 4, 2016, Main Street Capital Corporation announced a cash dividend of $0.1800. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.
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 (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 Companys 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. MSCCs 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).