Market Resilience: Main Street Capital Corporation (MAIN) Finishes Strong/Weak at 49.311, Down -1.04

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Main Street Capital Corporation (NYSE: MAIN) closed the day trading at $49.31 down -1.04% from the previous closing price of $49.83. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 0.97 million shares were traded. MAIN stock price reached its highest trading level at $49.95 during the session, while it also had its lowest trading level at $49.11.

Ratios:

For a better understanding of MAIN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.21. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.58.

On June 30, 2023, Hovde Group Upgraded its rating to Outperform which previously was Market Perform but kept the price unchanged to $45.

On December 19, 2022, UBS started tracking the stock assigning a Neutral rating and target price of $40.UBS initiated its Neutral rating on December 19, 2022, with a $40 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 07 ’24 when Meserve Nicholas sold 6,000 shares for $45.96 per share. The transaction valued at 275,761 led to the insider holds 83,291 shares of the business.

Meserve Nicholas sold 6,000 shares of MAIN for $258,084 on Dec 20 ’23. The MANAGING DIRECTOR now owns 89,210 shares after completing the transaction at $43.01 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAIN now has a Market Capitalization of 4226636288 and an Enterprise Value of 6067952128. As of this moment, Main’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.02, and their Forward P/E ratio for the next fiscal year is 12.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.83 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 12.127.

Stock Price History:

The Beta on a monthly basis for MAIN is 1.28, which has changed by 0.2563057 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, MAIN has reached a high of $51.10, while it has fallen to a 52-week low of $37.18. The 50-Day Moving Average of the stock is 3.58%, while the 200-Day Moving Average is calculated to be 14.74%.

Shares Statistics:

Over the past 3-months, MAIN traded about 353.16K shares per day on average, while over the past 10 days, MAIN traded about 439740 shares per day. A total of 84.83M shares are outstanding, with a floating share count of 81.97M. Insiders hold about 4.37% of the company’s shares, while institutions hold 21.13% stake in the company. Shares short for MAIN as of 1713139200 were 3295756 with a Short Ratio of 9.53, compared to 1710460800 on 3387465. Therefore, it implies a Short% of Shares Outstanding of 3295756 and a Short% of Float of 4.03.

Dividends & Splits

MAIN’s forward annual dividend rate is 2.82, up from 2.745 a year ago. Against a Trailing Annual Dividend Yield of 0.05508729The stock’s 5-year Average Dividend Yield is 6.58.

Earnings Estimates

Currently, 6.0 analysts are dedicated to thoroughly evaluating and rating the performance of Main Street Capital Corporation (MAIN) in the stock market.On average, analysts expect EPS of $1.02 for the current quarter, with a high estimate of $1.04 and a low estimate of $1.0, while EPS last year was $1.06. The consensus estimate for the next quarter is $1.02, with high estimates of $1.04 and low estimates of $0.99.

Analysts are recommending an EPS of between $4.15 and $4.02 for the fiscal current year, implying an average EPS of $4.07. EPS for the following year is $3.95, with 5.0 analysts recommending between $4.05 and $3.82.

Revenue Estimates

For the next quarter, 5 analysts are estimating revenue of $131.98M. There is a high estimate of $134.69M for the next quarter, whereas the lowest estimate is $129.12M.

A total of 5 analysts have provided revenue estimates for MAIN’s current fiscal year. The highest revenue estimate was $534.07M, while the lowest revenue estimate was $514.89M, resulting in an average revenue estimate of $526.19M. In the same quarter a year ago, actual revenue was $500.38MBased on 4 analysts’ estimates, the company’s revenue will be $534.63M in the next fiscal year. The high estimate is $544.28M and the low estimate is $513.17M.

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