Main Street Capital Corporation (MAIN) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 37 from a previous price target of $35 . FBR Capital advised their investors in a research report released on Aug 10, 2016.
On the company’s financial health, Main Street Capital Corporation reported $0.54 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $42.90 million for the quarter, compared to analysts expectations of $43.39 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Main Street Capital Corporation opened for trading at $34 and hit $34.36 on the upside on Monday, eventually ending the session at $34.13, with a gain of 0.47% or 0.16 points. The heightened volatility saw the trading volume jump to 2,49,320 shares. Company has a market cap of $1,748 M.
In a different news, on Jul 19, 2016, Rodger A. Stout (EVP) purchased 135 shares at $33.01 per share price. According to the SEC, on Jul 5, 2016, Stephen B Solcher (director) purchased 53 shares at $32.32 per share price. On Jul 5, 2016, Brent D. Smith (CFO, Treasurer) purchased 61 shares at $32.76 per share price, according to the Form-4 filing with the securities and exchange commission.
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).