How did Main Street Capital Corporation (MAIN) surprise investors with its report?

Main Street Capital Corporation [MAIN] stock is trading at $52.16, down -0.13%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MAIN shares have gain 0.81% over the last week, with a monthly amount glided 0.64%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Main Street Capital Corporation [NYSE: MAIN] stock has seen the most recent analyst activity on January 08, 2024, when B. Riley Securities downgraded its rating to a Neutral but kept the price target unchanged to $47 for it. Previously, Hovde Group upgraded its rating to Outperform on June 30, 2023, and kept the price target unchanged to $45. On December 19, 2022, UBS initiated with a Neutral rating and assigned a price target of $40 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $42 on December 12, 2022. Raymond James downgraded its rating to a Mkt Perform. Hovde Group started tracking with a Market Perform rating for this stock on March 07, 2022, and assigned it a price target of $44. In a note dated October 05, 2021, Oppenheimer initiated an Perform rating and provided a target price of $39 on this stock.

Main Street Capital Corporation [MAIN] stock has fluctuated between $39.51 and $52.89 over the past year. Currently, Wall Street analysts expect the stock to reach $52 within the next 12 months. Main Street Capital Corporation [NYSE: MAIN] shares were valued at $52.16 at the most recent close of the market. An investor can expect a potential drop of -0.31% based on the average MAIN price forecast.

Analyzing the MAIN fundamentals

Main Street Capital Corporation [NYSE:MAIN] reported sales of 552.77M for the trailing twelve months, which represents a growth of 30.33%. Gross Profit Margin for this corporation currently stands at 0.94% with Operating Profit Margin at 1.1%, Pretax Profit Margin comes in at 0.69%, and Net Profit Margin reading is 0.67%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.11.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.71 points at the first support level, and at 51.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.70, and for the 2nd resistance point, it is at 53.24.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 8.32, the price to book ratio is 1.71 and price to earnings (TTM) ratio is 9.46.

Transactions by insiders

Recent insider trading involved Meserve Nicholas, MANAGING DIRECTOR, that happened on Mar 07 ’24 when 6000.0 shares were sold. MANAGING DIRECTOR, Meserve Nicholas completed a deal on Dec 20 ’23 to sell 6000.0 shares.

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