Eagle Eye Opener

Main Street Insiders Loading Up before Earnings Announcement

Main Street Insiders Loading Up before Earnings Announcement (YahooFinance)

Business development company (BDC) Main Street Capital (MAIN) recently announced that it will release its Q4 and full year earnings for 2013 on February 27, 2014. If recent insider transactions are any indication of what to expect, then those 2013 figures should be outstanding. In December of 2013 alone, there were no fewer than 26 insider transactions conducted by 12 company insiders, many of whom were buying at market price. When you see an insider buying cluster like this, you can bet they know something we don’t. The company currently pays a 6.2 percent dividend, but it raised that twice in 2013 alone. The question is, will its earnings be spectacular enough to raise that yield again? Insiders seem to think so.

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