VINCENT FOSTER, CEO of Main Street Capital, bought 8,539 shares of Main Street Capital(Stock Symbol: MAIN) at $32.48 per share for a total amount of $277 thousand on December 24th 2013.
Main Street Capital is located in Houston, Texas.
It seems that the company is not promotional, as there has been no recent press releases from this company.
On January 4th 2013, company announced an 8-K stating 4th quarter results. Vincent Foster said, “As part of this update, we’re pleased to report that our investment portfolio and low cost operating structure are estimated to generate quarterly distributable net investment income in excess of our previously announced regular monthly dividends for the fourth quarter of 2013 and the first quarter of 2014, both of which were increases from the previous sequential quarters. We’re also pleased to announce continued favorable new origination activity in our lower middle market portfolio. We believe that our portfolio activity in 2013, conservative capital structure and current liquidity position us for continued favorable results in 2014. We look forward to providing additional details in our final fourth quarter and full year reporting in late February.”
On November 8th 2013, Main Street Capital released its quarterly report with the SEC. Net investment income for the quarter was $17.5 million versus $15.5 million a year ago.
According to Capital IQ, Main Street Capital has a market cap of $1.32 billion, an enterprise value of $1.71 billion, and trailing 12 month revenues of $109 million.
Main Street Capital Corporation (MSCC) 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. Main Street’s LMM portfolio investments principally consist of secured debt, equity warrants and direct equity investments in privately held LMM companies. Main Street’s privately placed portfolio investments consist of primarily debt investments in middle market businesses that are generally larger in size than the portfolio companies within the LMM portfolio. Its LMM portfolio investments range in size from $5 million to $25 million. Effective September 5, 2013, Main Street Capital Corp acquired TBT Holding Co Inc, a manufacturer of dump trailers, from Harbert Management Corp’s Harbert Private Equity Fund II LLC subsidiary.
Vincent Foster’s most recent annual compensation from Main Street Capital is a salary of $1.48 million. Mr. Foster is 57 years old.
According to his biography, Mr. Vincent D. Foster is Chairman of the Board, President, Chief Executive Officer of Main Street Capital Corp. He was appointed as President of the Company on October 18, 2012. Mr. Foster also currently serves as a founding director of Quanta Services, Inc. (NYSE: PWR), which provides specialty contracting services to the power, natural gas and telecommunications industries, and a director of Team, Inc. (NYSE: TISI), which provides specialty contracting services to the petrochemical, refining, electric power and other heavy industries. He also served as a director of U.S. Concrete, Inc. (NASDAQ-CM: USCR) from 1999 until 2010, Carriage Services, Inc. (NYSE: CSV) from 1999 to 2011 and HMS Income Fund, Inc., a non-publicly traded business development company of which Main Street acts as the investment sub-adviser, from 2012 until February 2013. In addition, Mr. Foster served as a founding director of the Texas TriCities Chapter of the National Association of Corporate Directors from 2004 to 2011. Following his graduation from Michigan State University, Mr. Foster, a C.P.A., had a 19 year career with Arthur Andersen, where he was a partner from 1988-1997. Mr. Foster was the director of Andersen’s Corporate Finance and Mergers and Acquisitions practice for the Southwest United States and specialized in working with companies involved in consolidating their respective industries. From 1997, Mr. Foster co-founded and has acted as co-managing partner or chief executive of several Main Street predecessor funds and entities, which are now subsidiaries of ours, including Main Street Mezzanine Fund, LP and its general partner, Main Street Mezzanine Management, LLC, Main Street Capital II, LP and its general partner, Main Street Capital II GP, LLC, and Main Street Capital Partners, LLC. Mr. Foster received his J.D. from Wayne State University Law School and also attended the University of Houston Law Center.
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