Insider Buying: Main Street Capital CEO Acquires 2,676 Shares of Stock (MAIN)
Main Street Capital (NASDAQ:MAIN) CEO Vincent D. Foster purchased 2,676 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average cost of $31.44 per share, with a total value of $84,133.44. Following the completion of the purchase, the chief executive officer now directly owns 1,465,086 shares of the company’s stock, valued at approximately $46,062,304. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Main Street Capital (NASDAQ:MAIN) traded up 0.13% during mid-day trading on Tuesday, hitting $31.60. The stock had a trading volume of 236,018 shares. Main Street Capital has a 1-year low of $26.30 and a 1-year high of $35.72. The stock has a 50-day moving average of $31.02 and a 200-day moving average of $32.7. The company has a market cap of $1.408 billion and a P/E ratio of 11.91.
Main Street Capital (NASDAQ:MAIN) last announced its earnings results on Thursday, May 8th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.02. Analysts expect that Main Street Capital will post $2.19 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Main Street Capital from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $34.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $36.40.
Main Street Capital Corporation (NASDAQ:MAIN) is a principal investment firm primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies, which it generally define as companies with annual revenues between $10 million and $100 million that operate in diverse industries.
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