Buffett Dumps $982 Million in BofA Stock—What Does He Know?

Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track record starts pulling out of the market, it's time to pay attention.

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John Jackson Biography and Net Worth

Director of Main Street Capital

Mr. Jackson serves as the President and Chief Executive Officer of CSI Compressco LP (Nasdaq: CCLP) (“CSI Compressco”), a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. Mr. Jackson previously served as the President and Chief Executive Officer of Spartan Energy Partners, which acquired the general partner of CSI Compressco in January 2021 before becoming a subsidiary of CSI Compressco through a restructuring transaction in November 2021. He has also been a director of Seitel, Inc., a privately owned provider of onshore seismic data to the oil and gas industry in North America, since August 2007. He previously served as a director of Basic Energy Services, Inc. (NYSE: BAS), a provider of well-site services in the United States to oil and natural gas drilling and producing companies, from December 2016 until December 2021, and was a member of the compensation committee and the chair of the audit committee of Basic Energy Services, Inc. He previously served as a director of CNX Midstream Partners, LP, formerly known as CONE Midstream Partners, LP (NYSE: CNXM, formerly CNNX), a master limited partnership that owns and operates natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia, from January 2015 until its sale in September 2020, and was a member of its audit committee during that time. Mr. Jackson was Chairman, Chief Executive Officer and President of Price Gregory Services, Inc., a pipeline-related infrastructure service provider in North America, from February 2008 until its sale in October of 2009. He served as a director of Hanover Compressor Company (“Hanover”), now known as Exterran Corporation (NYSE: EXTN) and Archrock, Inc. (NYSE: AROC), from July 2004 until May 2010. Mr. Jackson also served as Hanover’s President and Chief Executive Officer from October 2004 to August 2007 and as Chief Financial Officer from January 2002 to October 2004. He also serves on the board of several non-profit organizations.

What is John Earl Jackson's net worth?: The estimated net worth of John Earl Jackson is at least $46.58 million as of June 30th, 2023. Mr. Jackson owns 863,109 shares of Main Street Capital stock worth more than $46,581,993 as of November 23rd. This net worth approximation does not reflect any other investments that Mr. Jackson may own. Learn More about John Earl Jackson's net worth.
How do I contact John Earl Jackson?: The corporate mailing address for Mr. Jackson and other Main Street Capital executives is 1300 POST OAK BOULEVARD 8TH FLOOR SUITE 800, HOUSTON TX, 77056. Main Street Capital can also be reached via phone at (713) 350-6000 and via email at [email protected]. Learn More on John Earl Jackson's contact information.
Has John Earl Jackson been buying or selling shares of Main Street Capital?: John Earl Jackson has not been actively trading shares of Main Street Capital during the last quarter. Most recently, on Friday, March 31st, John Earl Jackson bought 3,000 shares of Main Street Capital stock. The stock was acquired at an average cost of $39.20 per share, with a total value of $117,600.00. Following the completion of the transaction, the director now directly owns 60,517 shares of the company's stock, valued at $2,372,266.40. Learn More on John Earl Jackson's trading history.
Who are Main Street Capital's active insiders?: Main Street Capital's insider roster includes Jason Beauvais (SVP), Vincent Foster (Director), Dwayne Hyzak (CEO), John Jackson (Director), David Magdol (Insider), and Nicholas Meserve (Director). Learn More on Main Street Capital's active insiders.

John Earl Jackson Insider Trading History at Main Street Capital

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/31/2023	Buy	3,000	$39.20	$117,600.00	60,517
3/25/2022	Buy	1,800	$42.22	$75,996.00
3/31/2015	Buy	1,000	$30.95	$30,950.00
12/16/2014	Buy	2,500	$28.36	$70,900.00
9/29/2014	Buy	1,000	$31.47	$31,470.00
5/30/2014	Buy	1,015	$30.66	$31,119.90
9/19/2013	Buy	1,000	$29.94	$29,940.00	3,599

John Earl Jackson Buying and Selling Activity at Main Street Capital

Main Street Capital Company Overview

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth. 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. It prefers to invest in air freight and logistics, auto components, building products, chemicals, commercial services, computers, construction and engineering, consumer finance, consumer services, electronic equipment, energy equipment and services, financial services, health care equipment, health care providers, hotels, restaurants, and leisure, internet software and services, IT Services, machinery, oil, gas and consumable fuels, paper and forest products, professional and industrial services, road and rail, software, specialty retail, telecommunication, consumer discretionary, energy, materials, technology, and transportation. The firm typically invests in lower middle market companies generally with annual revenues between $10 million and $150 million. It prefers to invest in ranging between $5 million and $100 million in equity investment and enterprise value in ranging between $3 million and $20 million. The firm typically prefers to invest in the range of $5 million and $150 million per transaction in debt investment value and in the range of $3 million and $75 million in annual EBITDA in between $3 million and $25 million in lower middle market $5 million and $75 million in credit solution. 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 takes 5 percent minority and up to 50 percent majority equity investments. Main Street Capital Corporation was founded in 2007 and is based in Houston, Texas with an additional office in Chojnów, Poland.

Today's Range

Now: $53.97

$53.23

$53.98

50 Day Range

MA: $51.30

$49.71

$53.97

2 Week Range

Now: $53.97

$41.18

$53.98

Volume

338,746 shs

Average Volume

437,086 shs

Market Capitalization

$4.76 billion

P/E Ratio

9.78

Dividend Yield

5.53%

Beta

1.29