MAIN Stock Summary and Trading Ideas (Main Street Capital | NYSE:MAIN)

Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle market companies and debt capital to middle market companies. The investment portfolio of the company is typically made to support management buyouts, recapitalizations, growth financings, refinancing's, and acquisitions of companies that operate in diverse industry sectors. The group invests in secured debt investments, equity investments, warrants, and other securities of the lower middle market and middle market companies based in the United States. Business functioned through the U.S. region and it derives the majority of its income from the source of fees, commission, and interest.

Main Street Capital trades on the NYSE stock market under the symbol MAIN.

As of April 24, 2024, MAIN stock price climbed to $48.80 with 198,313 million shares trading.

MAIN has a beta of 0.52, meaning it tends to be less sensitive to market movements. MAIN has a correlation of 0.22 to the broad based SPY ETF.

MAIN has a market cap of $4.15 billion. This is considered a Mid Cap stock.

Last quarter Main Street Capital reported $129 million in Revenue and $1.12 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.09.

In the last 3 years, MAIN stock traded as high as $48.86 and as low as $31.66.

The top ETF exchange traded funds that MAIN belongs to (by Net Assets): BIZD, PBDC, VPC, TMSL.

MAIN has outperformed the market in the last year with a price return of +30.8% while the SPY ETF gained +24.2%. MAIN has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.9% and +2.4%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

MAIN support price is $48.25 and resistance is $49.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAIN stock will trade within this expected range on the day.