Sector Update: Financial Stocks Aim Higher Pre-Market on Asia Stocks Boost

Financial shares were showing signs of a rally Wednesday as Asian markets soared.

In financial stocks news, Main Street Capital (MAIN) shares were steady after it said it recently led a new portfolio investment totaling $25.0 million of invested capital to facilitate the recapitalization of M.H. Corbin, a manufacturer and distributor of highway safety and traffic management products, under which Main Street funded $20 million.

The provider of long-term debt and equity capital to lower middle market companies and debt capital to middle market companies said its in M.H. Corbin included a combination of first-lien, senior secured term debt and a direct equity investment.

Fifth Street Finance Corp. (FSC), a specialty finance company, said it has completed its initial $5 million share repurchase in the month of August. Shares were unchanged pre-bell, near the low end of the 52-week range of $6.01 – $9.89.

Also, Apartment Investment and Management (AIV) shares were upgraded by Janney Capital to buy from neutral. Shares were steady at $35.20 pre-market.