Compare · FEN vs MAIN
FEN vs MAIN
Side-by-side comparison of First Trust Energy Income and Growth Fund (FEN) and Main Street Capital Corporation (MAIN): market cap, price performance, sector, and recent activity on the wire.
Summary
- Both FEN and MAIN operate in Finance/Investors Services (Finance), so they compete in similar markets.
- MAIN is the larger of the two at $5.47B, about 18.5x FEN ($296.5M).
- MAIN has hit the wire 20 times in the past 4 weeks while FEN has been quiet.
- MAIN has more recent analyst coverage (12 ratings vs 0 for FEN).
First Trust Energy Income and Growth Fund
First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector, including companies in the business of transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or electricity, or exploring, developing, managing or producing such commodities or products, or in supplying energy-related products and services. The fund primarily invests in growth stocks of companies, energy sector MLPs, and MLP-related entities. It employs a combination of fundamental and quantitative analysis, focusing on such factors as debt to cash flows, coverage ratios, incentive structure, management team, track record of distribution, and dividend growth to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Index, Barclays Capital U.S. Credit Index of Corporate Bonds, Alerian MLP Total Return Index, Wells Fargo Midstream MLP Total Return Index, and composite index comprised of 50% Alerian MLP Total Return Index and 50% Wells Fargo Midstream MLP Total Return Index. It was formerly known as Energy Income & Growth Fund. First Trust Energy Income and Growth Fund was formed on March 25, 2004 and is domiciled in the United States.
Main Street Capital Corporation
Main Street Capital Corporation is a private equity firm specializes in equity capital to lower middle market companies. The firm also provides debt capital to middle market companies for acquisitions, management buyouts, growth financings, recapitalizations and refinancing. The firm seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. The firm typically invests in lower middle market companies generally with annual revenues between $10 million and $150 million. The firm's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies. It makes majority and minority equity investments. Main Street Capital Corporation was founded in 2007 and is based in Houston, Texas.
Latest FEN
- SEC Form 25-NSE filed by First Trust Energy Income and Growth Fund
- First Trust Announces Completion of Mergers
- SEC Form NPORT-P filed by First Trust Energy Income and Growth Fund
- First Trust Announces Date for the Mergers of First Trust Energy Income and Growth Fund, First Trust MLP and Energy Income Fund, First Trust New Opportunities MLP & Energy Fund and First Trust Energy Infrastructure Fund
- First Trust Energy Income and Growth Fund Declares its Final Common Share Distribution Rate of $0.30 Per Share
- First Trust Energy Income and Growth Fund Declares Its Final Common Share Distribution Dates
- New insider Maltbie Derek claimed no ownership of stock in the company (SEC Form 3)
- Reported Earlier, First Trust Energy Income And Growth Fund Increases Its Quarterly Distribution To $0.40/Share From $30/Share
- First Trust Energy Income And Growth Fund Increases Quarterly Distribution From $0.30 To $0.40 Per Share
- First Trust Energy Income and Growth Fund Increases its Quarterly Distribution to $0.40 Per Share
Latest MAIN
- EVP AND COO Morris Jesse E sold $2,049,250 worth of shares (35,000 units at $58.55), decreasing direct ownership by 13% to 232,568 units (SEC Form 4)
- Main Street Announces New Portfolio Investment
- Director Foster Vincent D acquired $253,014 worth of shares (4,867 units at $51.98), increasing direct ownership by 0.22% to 1,676,609 units (SEC Form 4)
- CEO, SMD Hyzak Dwayne L. acquired $74,187 worth of shares (1,427 units at $51.98), increasing direct ownership by 0.28% to 508,275 units (SEC Form 4)
- PRESIDENT, CIO AND SMD Magdol David L. acquired $17,553 worth of shares (335 units at $52.35), increasing direct ownership by 0.08% to 441,023 units (SEC Form 4)
- EVP, GC, SECRETARY Beauvais Jason B acquired $17,932 worth of shares (345 units at $51.98), increasing direct ownership by 0.18% to 196,530 units (SEC Form 4)
- Director Lane Brian E. acquired $42,907 worth of shares (825 units at $52.04), increasing direct ownership by 2% to 53,086 units (SEC Form 4)
- Director Griffin Jon Kevin acquired $45,564 worth of shares (875 units at $52.05), increasing direct ownership by 1% to 74,663 units (SEC Form 4)
- Director Jackson John Earl acquired $57,919 worth of shares (1,113 units at $52.05), increasing direct ownership by 1% to 85,495 units (SEC Form 4)
- Director Solcher Stephen B acquired $33,643 worth of shares (646 units at $52.06), increasing direct ownership by 1% to 52,628 units (SEC Form 4)