Main Street Capital Corporation (NYSE: MAIN) is 2.49% higher on its value in year-to-date trading and has touched a low of $42.45 and a high of $60.53 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 $60.48 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $60.04, the stock is 3.42% and 8.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing -0.73% at the moment leaves the stock 18.42% off its SMA200. MAIN registered 40.82% gain for a year compared to 6-month gain of 20.53%. The firm has a 50-day simple moving average (SMA 50) of $55.579 and a 200-day simple moving average (SMA200) of $51.19935.
The stock witnessed a 9.10% loss in the last 1 month and extending the period to 3 months gives it a 16.47%, and is 4.02% 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 1.70% over the week and 1.73% over the month.
Main Street Capital Corporation (MAIN) has around 100 employees, a market worth around $5.29B and $552.77M in sales. Current P/E ratio is 10.89 and Fwd P/E is 14.87. Profit margin for the company is 85.56%. Distance from 52-week low is 41.43% and -0.81% from its 52-week high. The company has generated returns on investments over the last 12 months (11.54%).
with sales reaching $141.4M over the same period.The EPS is expected to grow by 0.28% this year, but quarterly earnings will post 8.31% year-over-year. Quarterly sales are estimated to grow 9.35% in year-over-year returns.
Main Street Capital Corporation (MAIN) Top Institutional Holders
397.0 institutions hold shares in Main Street Capital Corporation (MAIN), with institutional investors hold 23.36% of the company’s shares. The shares outstanding are 88.06M, and float is at 84.47M with Short Float at 4.96%. Institutions hold 22.40% 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 9,000 shares of the company’s common stock on Dec 10 ’24 at a price of $55.01 per share for a total of $0.5 million. Following the sale, the insider now owns 87667.0 shares.
Still, SEC filings show that on Mar 07 ’24, Meserve Nicholas (MANAGING DIRECTOR) disposed off 6,000 shares at an average price of $45.96 for $0.28 million. The insider now directly holds 83,291 shares of Main Street Capital Corporation (MAIN).
