Main Street Capital Corporation’s Trend Up, Especially After This Options Activity

 Main Street Capital Corporation's Trend Up, Especially After This Options Activity

In today’s session Main Street Capital Corporation (MAIN) registered an unusually high (611) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious MAIN increase. With 611 contracts traded and 1854 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: MAIN161216C00035000 closed last at: $1.4 or 460% up. About 58,056 shares traded hands. Main Street Capital Corporation (NYSE:MAIN) has risen 17.87% since April 12, 2016 and is uptrending. It has outperformed by 12.88% the S&P500.

Main Street Capital Corporation (NYSE:MAIN) Ratings Coverage

Out of 2 analysts covering Street Capital Group (NYSE:MAIN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $35 is the highest target while $2.50 is the lowest. The $23.83 average target is -35.00% below today’s ($36.66) stock price. Street Capital Group has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. National Bank Canada maintained the stock with “Outperform” rating in Friday, August 7 report. Zacks downgraded Main Street Capital Corporation (NYSE:MAIN) on Tuesday, August 11 to “Hold” rating. The rating was reinitiated by Janney Capital with “Neutral” on Wednesday, April 27. National Securities maintained Main Street Capital Corporation (NYSE:MAIN) on Friday, August 7 with “Neutral” rating. The firm has “Outperform” rating given on Thursday, August 11 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, September 22.

According to Zacks Investment Research, “Main Street Capital Corporation is a specialty investment company providing customized financing solutions to lower middle market companies which operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides one stop financing alternatives to its portfolio companies.”

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.53, from 0.87 in 2016Q1. The ratio improved, as 11 funds sold all Main Street Capital Corporation shares owned while 36 reduced positions. 12 funds bought stakes while 54 increased positions. They now own 10.88 million shares or 49.16% less from 21.40 million shares in 2016Q1.
National Asset Management has 0.06% invested in the company for 8,611 shares. Raymond James And has 105,891 shares for 0.01% of their US portfolio. Guggenheim Cap Ltd Liability Co has 0.01% invested in the company for 73,016 shares. Us Natl Bank De reported 9,902 shares or 0% of all its holdings. Moreover, Verity Asset Mngmt Inc has 0.27% invested in Main Street Capital Corporation (NYSE:MAIN) for 8,350 shares. State Of New Jersey Common Pension Fund D has invested 0.01% of its portfolio in Main Street Capital Corporation (NYSE:MAIN). Moreover, Price T Rowe Associate Md has 0.01% invested in Main Street Capital Corporation (NYSE:MAIN) for 989,472 shares. Cetera Advisor Ntwk Limited Liability Com, a California-based fund reported 8,377 shares. First City Mgmt Incorporated last reported 0.31% of its portfolio in the stock. Pinebridge Invests Lp has 0.02% invested in the company for 13,724 shares. Royal Bankshares Of Canada, a Ontario – Canada-based fund reported 435,181 shares. Blackrock Grp Ltd has 0% invested in the company for 252,769 shares. Tcw has 0% invested in the company for 10,600 shares. Moreover, Kistler has 0% invested in Main Street Capital Corporation (NYSE:MAIN) for 160 shares. Legal And General Group Inc Public Limited Company, a United Kingdom-based fund reported 103,274 shares.

Main Street Capital Corporation is a principal investment firm. The company has a market cap of $1.99 billion. MSCC is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. It has a 19.25 P/E ratio. 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.

MAIN Company Profile

Main Street Capital Corporation (MSCC), incorporated on March 9, 2007, is a principal investment firm. MSCC is primarily focused on providing 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 partners with entrepreneurs, business owners and management teams and generally provides financing alternatives within its LMM portfolio. The Firm 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. The Company’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).

More notable recent Main Street Capital Corporation (NYSE:MAIN) news were published by: Fool.com which released: “Should You Buy Main Street Capital Corporation?” on September 07, 2016, also Fool.com with their article: “Main Street Capital Corporation: A Deeper Look” published on April 16, 2016, Fool.com published: “Main Street Capital Corporation Q2 Earnings Breakdown” on August 11, 2016. More interesting news about Main Street Capital Corporation (NYSE:MAIN) were released by: Fool.com and their article: “Main Street Capital Corporation in Stock in 3 Charts” published on March 21, 2016 as well as Prnewswire.com‘s news article titled: “Main Street Announces Portfolio Company Exit” with publication date: October 06, 2016.

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