Does Main Street Capital Corporation (MAIN) Have Insiders Buying Shares?


As of Wednesday close, Main Street Capital Corporation’s (NYSE:MAIN) stock was up $0.11, moving up 0.29 percent to $38.47. The average number of shares traded per day over the past five days has been 225,440 shares. 4 times new highs have been achieved over the past 5 days, with a $0.81 gain in that time frame. In the last twenty days, the average volume was 298,485, while in the previous 50 days, it was 369,542.

Since last month, MAIN stock rose 5.80%. Shares of the company fell to $34.59 on 10/24/22, the lowest level in the past month. A 52-week high of $46.41 was reached on 08/05/22 after having rallying from a 52-week low of $31.66. Since the beginning of this year, MAIN’s stock price has dropped by -13.69% or -$6.39, and marked a new high 5 times. However, the stock has declined by -17.11% since its 52-week high.

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MAIN stock investors should be aware that Main Street Capital Corporation (MAIN) stock had its last reported insider trading activity 196 days ago on May 12. JACKSON JOHN EARL, the Director of the company, purchased of 3,000 shares for $36.45 on May 12. It resulted in a $109,356 investment by the insider. Hyzak Dwayne L. sold 50,010 shares at an average price of $42.45 on Mar 30. The insider now owns 336,195 shares following the transaction. On Mar 30, PRESIDENT, CIO AND SMD Magdol David L. sold 50,000 shares at $42.45 apiece. The transaction was valued at $2,122,260.

Valuation Metrics

Right now, Main Street Capital Corporation (MAIN) has a P/E ratio of about 12.05. The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 8.64, the price-to-book (PB) ratio of 1.46.

The latest dividend of $0.2250 per share was paid out, remained unchanged from last year’s $0.2250.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.03, and the total debt-to-equity ratio was 1.03. On the profitability front, the trailing twelve-month gross margin is 79.40% percent. In the year ended September 29, operating margins totaled 63.90%. Based on annual data, MAIN earned $182.66 million in gross profit and brought in $289.05 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.20%. Return on equity (ROE) for the past 12 months was 12.20%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Main Street Capital Corporation to report $0.76 quarterly earnings, the actual figure was $0.83 per share, beating the consensus estimate by 9.20%. During the quarter, the company generated $84.38 million in EBITDA. The value of shareholders’ equity is $77.25 million.

Technical Picture

This quick technical analysis looks at Main Street Capital Corporation’s (MAIN) price momentum. With a historical volatility rate of 12.13%, the RSI 9-day stood at 62.92% on 23 November.

With respect to its five-day moving average, the current Main Street Capital Corporation price is up by +2.15% percent or $0.81. At present, MAIN shares trade +6.15% above its 20-day simple moving average and -4.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.39% below its SMA50 and -11.83% below its SMA200.

Stochastic coefficient K was 45.12% and Stochastic coefficient D was 40.50%, while ATR was 0.82. Given the Stochastic reading of 47.04% for the 14-day period, the RSI (14) reading has been calculated as 60.10%. As of today, the MACD Oscillator reading stands at 0.26, while the 14-day reading stands at 0.02.

Analyst Ratings

Main Street Capital Corporation downgraded its rating on Main Street Capital Corporation (NYSE: MAIN) to a Mkt perform in a note to investors on August 08, 2022. The analysts firm previously had an Outperform rating on the stock.Main Street Capital Corporation (MAIN) has been rated Hold by analysts. According to 0 brokerage firms, MAIN is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Main Street Capital Corporation stock as buy, with 1 recommending it as overweight.

With a median target price of $40.00, the current consensus forecast for the stock is $39.00 – $46.00. Based on these forecasts, analysts predict Main Street Capital Corporation (MAIN) will achieve an average price target of $41.25.


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