Main Street Capital Corporation (MAIN) concluded trading on 01/12/23 at a closing price of $38.81, with 0.34 million shares of worth about $13.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.22% during that period and on Thursday the price saw a gain of about 1.54%. Currently the company’s common shares owned by public are about 75.04M shares, out of which, 73.73M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the MAIN stock and their offered price forecasts bring an average price target of $41.17. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $46.00 and could fall to a lowest price of $39.00. The stock’s current price level is 5.73% above of average price target set by the analysts, while a rise to estimated low would result in gain of 0.49% for the stock. However, touching the estimated high of $46.00 would mean a gain of 15.63% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 329 times over the past 12 months. They bought 342,616 shares in 308 of the transactions. In 21 selling transactions, insiders dumped 410,073 shares.
T Rowe Price Mid Cap Value Fund, VanEck Vectors – BDC Income ETF, and iShares II Plc – Listed Private E are the top 3 mutual funds which are holding stakes in Main Street Capital Corporation T Rowe Price Mid Cap Value Fund is currently holding 1.84 million shares of worth totaling $70.28 million. The company recently came buying 1.84 million shares which brought its stake up to 2.38% of the company’s outstanding shares. VanEck Vectors – BDC Income ETF bought 5208.0 shares, after which its hold over company’s outstanding shares expand to 0.81%, leaving 0.62 million shares with the mutual fund that have a worth of about $23.77 million. iShares II Plc – Listed Private E, after selling 0.43 million shares, have now control over 0.56% of the stake in the company. It holds 1241.0 shares of worth $16.46 million.
Main Street Capital Corporation (NYSE: MAIN) started trading at $38.44, above $0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 38.82, or with a gain of 1.54%. Stock saw a price change of 5.09% in past 5 days and over the past one month there was a price change of 4.05%. Year-to-date (YTD), MAIN shares are showing a performance of 5.03% which decreased to -12.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.57 but also hit the highest price of $45.43 during that period. The average intraday trading volume for Main Street Capital Corporation shares is 303.31K. The stock is currently trading 5.20% above its 20-day simple moving average (SMA20), while that difference is up 3.77% for SMA50 and it goes to 0.07% higher than SMA200.
Main Street Capital Corporation (NYSE: MAIN) currently have 75.04M outstanding shares and institutions hold larger chunk of about 20.20% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $3.00B and its 3Y-monthly beta is at 1.33. PE ratio of stock for trailing 12 months is 12.15, while it has posted earnings per share of $3.19 in the same period. Its PEG reads 1.52 while making debt-to-equity ratio of 1.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MAIN, volatility over the week remained 1.39% while standing at 1.70% over the month.
Analysts are in expectations that Main Street Capital Corporation (MAIN) stock would likely to be making an EPS of $0.76 in the current quarter, while forecast for next quarter EPS is $0.77 and it is $3.17 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.75 which is $0.79 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.71 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 972.60% while it is estimated to increase by 12.82% in next year. EPS is likely to shrink at an annualized rate of 8.00% for next 5-years, compared to annual growth of 12.40% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the Main Street Capital Corporation (MAIN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.70. Out of those 7 Wall Street analysts, 2 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 19, 2022 offering a Neutral rating for the stock and assigned a target price of $40 to it. Coverage by B. Riley Securities stated Main Street Capital Corporation (MAIN) stock as a Buy in their note to investors on December 12, 2022, suggesting a price target of $42 for the stock. On August 08, 2022, Raymond James Downgrade their recommendations, while on March 07, 2022, Hovde Group Initiated their ratings for the stock with a price target of $44. Stock get a Perform rating from Oppenheimer on October 05, 2021.