Main Street Capital Corporation (NYSE:MAIN) price on Friday, June 13, fall -0.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $57.76.
A look at the stock’s price movement, the close in the last trading session was $58.23. The PE ratio in trailing twelve months stood at 9.81. Turning to its 52-week performance, $62.99 and $44.26 were the 52-week high and 52-week low respectively. Overall, MAIN moved 8.63% over the past month.
Main Street Capital Corporation’s market cap currently stands at around $5.14 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 2.95, with its dividend yield at 5.10%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 4 recommend MAIN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MAIN’s current price about 1.75% and 5.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.72, while 7-day volatility ratio is 0.76% and 1.20% in the 30-day chart. Further, Main Street Capital Corporation (MAIN) has a beta value of 0.82, and an average true range (ATR) of 1.10. Analysts have given the company’s stock an average 52-week price target of $52, forecast between a low of $52 and high of $52. Looking at the price targets, the low is 9.97% off current price level while to achieve the yearly target high, price needs to move 9.97%. Nonetheless, investors will most likely welcome a 9.97% jump to $52 which is the analysts’ median price.
If we refocus on Main Street Capital Corporation (NYSE:MAIN), historical trading data shows that trading volumes averaged 590.53K over the past 3 months. The company’s latest data on shares outstanding shows there are 88.66 million shares.
The 4.05% of Main Street Capital Corporation’s shares are in the hands of company insiders while institutional holders own 21.50% of the company’s shares. Current price change has pushed the stock -0.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MAIN stock continues to rise going into the next quarter.
