Main Street Capital Corporation (NYSE: MAIN) is 25.08% higher on its value in year-to-date trading and has touched a low of $39.54 and a high of $53.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MAIN stock was last observed hovering at around $53.18 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $53.08, the stock is 2.44% and 3.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -0.19% at the moment leaves the stock 8.95% off its SMA200. MAIN registered 33.19% gain for a year compared to 6-month gain of 10.81%. The firm has a 50-day simple moving average (SMA 50) of $51.143 and a 200-day simple moving average (SMA200) of $49.11955.
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The stock witnessed a 2.02% loss in the last 1 month and extending the period to 3 months gives it a 7.92%, and is 1.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 1.40% over the month.
Main Street Capital Corporation (MAIN) has around 100 employees, a market worth around $4.68B and $552.77M in sales. Current P/E ratio is 9.63 and Fwd P/E is 13.15. Profit margin for the company is 85.56%. Distance from 52-week low is 34.23% and -0.36% from its 52-week high. The company has generated returns on investments over the last 12 months (11.54%).
The EPS is expected to grow by 0.29% this year
397.0 institutions hold shares in Main Street Capital Corporation (MAIN), with institutional investors hold 23.45% of the company’s shares. The shares outstanding are 84.83M, and float is at 84.43M with Short Float at 4.47%. Institutions hold 22.49% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 3.41 million shares valued at $172.35 million. The investor’s holdings represent 4.0094 of the MAIN Shares outstanding. As of 2024-06-30, the second largest holder is VAN ECK ASSOCIATES CORP with 1.15 million shares valued at $58.07 million to account for 1.3509 of the shares outstanding. The other top investors are BURGUNDY ASSET MANAGEMENT LTD. which holds 1.11 million shares representing 1.3 and valued at over $55.88 million, while MORGAN STANLEY holds 1.1268 of the shares totaling 0.96 million with a market value of $48.44 million.
Main Street Capital Corporation (MAIN) Insider Activity
The most recent transaction is an insider sale by Meserve Nicholas, the company’s MANAGING DIRECTOR. SEC filings show that Meserve Nicholas sold 6,000 shares of the company’s common stock on Mar 07 ’24 at a price of $45.96 per share for a total of $0.28 million. Following the sale, the insider now owns 83291.0 shares.
Main Street Capital Corporation disclosed in a document filed with the SEC on Dec 20 ’23 that Meserve Nicholas (MANAGING DIRECTOR) sold a total of 6,000 shares of the company’s common stock. The trade occurred on Dec 20 ’23 and was made at $43.01 per share for $0.26 million. Following the transaction, the insider now directly holds 89210.0 shares of the MAIN stock.
