Brookfield Asset Management Has Boosted Its Plains All Amern Pipeline L (PAA) Stake; Main Street Capital (MAIN)’s Sentiment Is 1.23

December 8, 2017 - By wolcottdaily

Main Street Capital Corporation is a business development firm specializing in long- term equity and debt investments in small and lower middle market companies. The company has market cap of $2.34 billion. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses. It has a 14.2 P/E ratio. It invests in consumer discretionary, consumer staples, energy, healthcare, industrials, information technology, materials, telecommunication services, and utilities sectors.

Brookfield Asset Management Inc increased Plains All Amern Pipeline L (PAA) stake by 1.68% reported in 2017Q2 SEC filing. Brookfield Asset Management Inc acquired 21,400 shares as Plains All Amern Pipeline L (PAA)’s stock declined 10.37%. The Brookfield Asset Management Inc holds 1.30 million shares with $34.03M value, up from 1.27 million last quarter. Plains All Amern Pipeline L now has $14.31 billion valuation. The stock increased 2.81% or $0.54 during the last trading session, reaching $19.73. About 2.55 million shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since December 8, 2016 and is uptrending. It has underperformed by 5.20% the S&P500.

Ratings analysis reveals 25% of Main Street Capital’s analysts are positive. Out of 4 Wall Street analysts rating Main Street Capital, 1 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. MAIN was included in 4 notes of analysts from December 13, 2016. The company was downgraded on Tuesday, December 13 by National Securities. The stock of Main Street Capital Corporation (NYSE:MAIN) has “Neutral” rating given on Monday, January 9 by Robert W. Baird. The stock of Main Street Capital Corporation (NYSE:MAIN) earned “Mkt Perform” rating by FBR Capital on Friday, January 20. The firm earned “Outperform” rating on Monday, February 27 by Raymond James.

Muzinich & Co. Inc. holds 7.78% of its portfolio in Main Street Capital Corporation for 2.31 million shares. Greenwich Investment Management Inc. owns 114,634 shares or 5.15% of their US portfolio. Moreover, Texan Capital Management has 3.78% invested in the company for 146 shares. The New York-based Silver Capital Management Llc has invested 3.37% in the stock. Friedberg Investment Management, a Texas-based fund reported 162,908 shares.

Analysts await Main Street Capital Corporation (NYSE:MAIN) to report earnings on February, 22. They expect $0.58 earnings per share, up 1.75% or $0.01 from last year’s $0.57 per share. MAIN’s profit will be $33.70 million for 17.34 P/E if the $0.58 EPS becomes a reality. After $0.60 actual earnings per share reported by Main Street Capital Corporation for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.

The stock increased 0.15% or $0.06 during the last trading session, reaching $40.24. About 273,214 shares traded or 38.40% up from the average. Main Street Capital Corporation (MAIN) has risen 23.33% since December 8, 2016 and is uptrending. It has outperformed by 6.63% the S&P500.

Brookfield Asset Management Inc decreased American Wtr Wks Co Inc New (NYSE:AWK) stake by 21,200 shares to 857,401 valued at $66.83M in 2017Q2. It also reduced Royal Dutch Shell Plc stake by 63,350 shares and now owns 201,500 shares. General Electric Co (NYSE:GE) was reduced too.

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