Ultime notizie per Main Street Capital (NYSE:MAIN) Azioni

Main Street Capital

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.

Long Ideas

News

Markets

Media

Trading Ideas

AMAT

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

MAIN

SNAP

ABBA

Jim Cramer definisce Snap &#34;irrilevante&#34; su Mad Money: ecco le sue opinioni sui titoli da acquistare ed evitare.

Jim Cramer bolla questa azienda come &#34;irrilevante&#34;

Main Street Capital Corporation Common Stock

Main Street Capital Corp

MAIN STREET CAPITAL ORD

MAIN STREET FINCL SVCS by Main Street Financial Services Corp.

Main Street Financial Services Corp

Main Thematic Innovation ETF

NYLI CBRE Global Infrastructure Megatrends Term Fund Common Shares

MainStay CBRE Global Infrastructure Megatrends Fund

NYLI MacKay DefinedTerm Muni Opportunities Fund Common Shares

MainStay MacKay DefinedTerm Municipal Opportunities Fund

MainStreet Bancshares, Inc. - Common Stock

MainStreet Bancshares Inc

MainStreet Bancshares, Inc. - Depositary Shares

MAINSTREET FINL CORP MICH by Mainstreet Financial Corp.

MainStreet Financial Corp

MAINSTREETCHAMBER HOLDING by MainStreetChamber Holdings Inc.

MainStreetChamber Holdings Inc

Mainfreight Ltd

MAINFREIGHT LTD UNSP/ADR by Mainfreight Ltd.

MAINSTREET EQUITY CORP by Mainstreet Equity Corp.

Mainstreet Equity Corp

Mainz Biomed NV

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the financials sector.
<h3 class="wp-block-heading">Columbia Banking System, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>)</h3>
<ul>
<li>Dividend Yield: 5.19%</li>
<li>JP Morgan analyst Steven Alexopoulos maintained a Neutral rating and cut the price target from $29 to $28 on Oct. 9. This analyst has an accuracy rate of 71%.</li>
<li>Raymond James analyst David Feaster maintained an Outperform rating and raised the price target from $26 to $28 on Oct. 2. This analyst has an accuracy rate of 68%</li>
<li>Recent News: Columbia Banking System, will release third quarter financial results on Thursday, Oct. 24, before market open.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101824&amp;t=be2bearmibe3na1">COLB news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18091917/image-161.png" alt="" class="wp-image-602713" style="width:695px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18091917/image-161.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18091917/image-161-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18091917/image-161-768x714.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">Lincoln National Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>)</h3>
<ul>
<li>Dividend Yield: 5.35%</li>
<li>Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating and raised the price target from $28 to $29 on Oct. 10. This analyst has an accuracy rate of 68%.</li>
<li>TD Cowen analyst Daniel Bergman initiated coverage on the stock with a Hold rating with a price target of $34 on Oct. 9. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: Lincoln Financial is expected to report third quarter results on Oct. 31.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101824&amp;t=be2bearmibe3na1">latest LNC news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18091924/image-162.png" alt="" class="wp-image-602714" style="width:691px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18091924/image-162.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18091924/image-162-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18091924/image-162-768x711.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Main Street Capital Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>)</h3>
<ul>
<li>Dividend Yield: 7.86%</li>
<li>Morgan Stanley analyst Devin McDermott upgraded the stock from Underweight to Equal-Weight with a price target of $24 on Sept. 16. This analyst has an accuracy rate of 80%.</li>
<li>Barclays analyst Theresa Chen maintained an Equal-Weight rating and boosted the price target from $21 to $22 on Sept. 13. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Oct. 15, Main Street reported preliminary estimate of third-quarter net investment income of 99 cents to $1.01 per share.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101824&amp;t=be2bearmibe3na1">trend in MAIN stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18092130/image-163.png" alt="" class="wp-image-602718" style="width:671px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18092130/image-163.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18092130/image-163-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18092130/image-163-768x705.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
Read More:
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<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41379749/abbvie-is-doing-very-well-but-jim-cramers-favorite-abbott-laboratories">AbbVie Is Doing &#8216;Very Well&#8217; But Jim Cramer&#8217;s Favorite? Abbott Laboratories</a></li>
</ul>

Price Target

Pre-Market Outlook

Analyst Ratings

COLB

Wall Street's Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields

Main Street Announce That It Recently Completed A New Portfolio Investment Totaling $41.4M To Facilitate The Minority Recapitalization Of Connect Telecommunications Solutions Inc.

As a result of Main Street&#39;s preliminary estimates of NII and net changes in the fair market value of its investment portfolio as noted above, Main Street estimates that it generated a quarterly annualized return on equity of&nbsp;18%&nbsp;to&nbsp;20%&nbsp;for the&nbsp;third quarter&nbsp;of 2024.(2)

Guidance

Main Street Reports Preliminary Estimate Of Q3 Net Investment Income Of $0.99 - $1.01 Per Share And Distributable Net Investment Income Of $1.05 - $1.07 Per Share

The following represent notable new private loan commitments and investments during the third quarter of 2024:
<ul>
<li>$77.2 million in a first lien senior secured loan and $8.3 million in a first lien senior secured revolver to a tech-enabled marketing solutions provider offering services across customer loyalty, channel partner marketing, performance media, website design and email marketing;</li>
<li>$43.6 million in a first lien senior secured loan and $1.4 million in equity to a provider of maintenance, repair and overhaul services for industrial equipment, including compressors, motors, turbines and pumps.</li>
<li>$31.1 million in a first lien senior secured loan and $4.9 million in a first lien senior secured revolver to an operator of tourism concession and harbor cruises across North America.</li>
<li>Increased commitment of $22.2 million in a first lien senior secured incremental loan and $0.6 million in a first lien senior secured incremental revolver to a leading tech-enabled global business to business sales training and performance solutions provider.</li>
<li>Increased commitment of $20.1 million in a first lien senior secured incremental loan and $2.7 million in a first lien senior secured incremental revolver to a manufacturer of chemicals and lubricant additives serving large specialty chemical companies.</li>
<li>Increased commitment of $15.2 million in a first lien senior secured incremental loan and $2.2 million in a first lien senior secured incremental revolver to a manufacturer of custom engineered die cut, formed foam, nonwoven and multi-material components for the automotive and healthcare end markets.</li>
<li>Increased commitment of $10.0 million in a first lien senior secured incremental loan, $2.2 million in a first lien senior secured incremental revolver and $5.3 million in a first lien senior secured incremental delayed draw loan to a provider of senior-level executive search, interim placement, consulting and other talent advisory solutions.</li>
<li>Increased commitment of $8.9 million in a first lien senior secured incremental loan and $1.1 million in a first lien senior secured incremental revolver to a provider of mission critical services to datacenters specializing in the procurement and maintenance of power systems equipment</li>
<li>Increased commitment of $7.2 million in a first lien senior secured incremental loan to a provider of packaging supply chain solutions including contract packaging, procurement, warehousing, process design and third-party logistics.</li>
<li>Increased commitment of $6.1 million in a first lien senior secured incremental loan to a distributor of food products to government facilities and other food service locations.</li>
</ul>

General

Main Street Capital Originated New Or Increased Commitments In Its Private Loan Portfolio Of $270.3M And Funded Total Investments Across Its Private Loan Portfolio With A Cost Basis Totaling $309.3M In Q3 2024.

Main Street Capital Announces $74.4M Investment To Recapitalize Victory Energy Operations

The recently closed amendment provides an increase in total commitments from&nbsp;$430.0 million&nbsp;to&nbsp;$600.0 million, while maintaining an expanded accordion feature that allows for an increase up to&nbsp;$800.0 million&nbsp;of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.

Main Street Says Subsidiary MSCC Funding Recently Amended Its Special Purpose Vehicle Revolving Credit Facility

Main Street Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) short percent of float has risen 10.16% since its last report. The company recently reported that it has 4.10 million shares sold short, which is 4.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 11.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Main Street Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727382621_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Main Street Capital has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Main Street Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Main Street Capital's peer group average for short interest as a percentage of float is 3.54%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Main Street Capital's Recent Short Interest

RBC Capital analyst Kenneth Lee reiterates Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) with a Outperform and maintains $52 price target.

Reiteration

RBC Capital Reiterates Outperform on Main Street Capital, Maintains $52 Price Target

Retail investors are increasingly eyeing the bond market as economic uncertainty and expectations for changes in interest rates create a pressing need for <a href="https://www.benzinga.com/money/bonds">stable, income-generating assets.</a>
In response to this growing demand, Public.com, an investment platform known for its broad range of asset offerings, has introduced a new Bond Account aimed at making bond investing more accessible to individual investors.
<h3 class="wp-block-heading">Retail Traders Eye Fixed-Income Markets</h3>
Traditionally dominated by institutional investors, the bond market now sees increased participation from retail traders.
This shift is largely driven by the prospect of potential Federal Reserve rate cuts later this year and into early 2025, which has spurred a rush to lock in current high yields.
The heightened appeal of fixed-income assets also counterbalances the volatility in equity markets.
Earlier this month, long-dated Treasury bonds, as broadly represented by the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied when the broader stock market plunged, underscoring the role that fixed-income assets can play in a balanced investment portfolio.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-corporate-bonds">How to Buy Corporate Bonds</a>
<h3 class="wp-block-heading">Public.com's Approach To Bond Investing</h3>
The Public.com&#8217;s Bond Account is a self-directed brokerage account, enabling investors to purchase a curated selection of investment-grade and high-yield corporate bonds. Yields are locked in at the time of purchase, and investors can benefit from fractional bond investing,
The Bond Account addresses the accessibility issues that have historically kept retail investors out of the bond market. With a minimum investment requirement of just $1,000—significantly lower than the industry standard of $10,000—this new account allows investors to participate in a diversified portfolio of ten corporate bonds. 
These bonds are issued by companies across various industries – including Boeing Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), Tapestry Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), Warner Media LLC, Main Street Capital Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>), and Vornado Realty LP with yields ranging from 6% to 9% as of Aug. 12, 2024.
"Last year, we introduced the concept of the Treasury Account: an automated investing feature that made buying T-bills an easy experience for retail investors. Due to the simple user experience and high yield of short-dated treasuries, it became the most invested-in asset throughout the year. Now we're doing the same, but for corporate bonds, where yields are higher, and the underlying investments are more diversified," <a href="https://www.prnewswire.com/news-releases/public-launches-bond-accounts-302220248.html">said</a> Jannick Malling, Co-CEO and Co-Founder of Public.
There is a monthly maintenance fee for the Bond Account. Premium members of Public.com are exempt from this fee, while non-premium members will be charged $3.99 per month. However, this fee is waived until Jan. 1, 2025.
Public.com has also introduced an income hub within the platform where members can track their accrued and projected income from the Bond Account. 
In the coming weeks, the broker plans to expand this tool to include tracking for dividend payments, individual treasury and corporate bonds, music royalties, and the Bond Account, allowing members to see both past and future income in a comprehensive manner.
Now read: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40345324/institutional-investors-buy-the-dip-after-august-volatility-spike-wall-street-analy">Institutional Investors Buy The Dip After August Volatility Spike: Wall Street Analyst</a></li>
</ul>

Bonds

Specialty ETFs

Treasuries

Econ #s

Federal Reserve

ETFs

iShares Trust Barclays 20+ Year Treasury Bond Fund

Public.com Lowers Barriers To Bond Trading, Retail-Friendly Account Offers Up To 9% Yield

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>). &#8220;I think that the company is doing well. I think that the government is not crazy about their posture, because they <a href="https://www.benzinga.com/news/24/08/40317579/whats-going-on-with-applied-materials-stock">do so much business in China,&#8221; he added.</a>
When asked about Aflac Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>), he said, &#8220;It's not my fave, not my fave. I do like Chubb Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) in the insurance business. But that's really about it.&#8221;
&#8220;We're going to steer clear of Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>),&#8221; Cramer said.
When asked about Elevance Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>), he said, &#8220;UnitedHealth Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is still the cream of the crop.&#8221;
Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) is &#8220;really not, it's not investable,&#8221; he said. &#8220;They seem like an irrelevant company.&#8221;
The "Mad Money" host said Main Street Capital Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) is a &#8220;business development company. I have never trusted business development companies,&#8221;
Cramer said Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBA#NYSE">ABBA</a>) is an "incredibly cheap stock, alright. They're going to report a great number, and then there's always going to be something that people don't like, and then they sell it down."
Price Action:
<ul>
<li>Aflac shares fell 0.1% to settle at $101.19 on Monday.</li>
<li>Elevance Health shares fell 1.2% to close at $525.85.</li>
<li>Albemarle shares fell 6.9% to close at $76.00.</li>
<li>Snap shares fell 0.3% to close at $9.02.</li>
<li>Applied Materials shares gained 1% to settle at $193.09 on Monday.</li>
<li>Main Street Capital shares fell 0.5% to close at $48.35 on Monday.</li>
<li>Alibaba shares gained 1.2% to close at $80.91.</li>
</ul>
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Photo: Shutterstock

'An Irrelevant Company': Jim Cramer Says Snap Is 'Not Investable'

Oppenheimer analyst Mitchel Penn maintains Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) with a Perform and raises the price target from $43 to $44.

Oppenheimer Maintains Perform on Main Street Capital, Raises Price Target to $44

Earnings

Earnings Beats

Main Street Capital Q2 2024 Dist Net Income $1.07 Beats $1.02 Estimate, Total Inv Income $132.154M Beat $131.093M Estimate

Preliminary Estimates of&nbsp;Second Quarter&nbsp;2024 Results
Main Street&#39;s preliminary estimate of&nbsp;second quarter&nbsp;2024 net investment income (&quot;NII&quot;) is&nbsp;$1.00&nbsp;to&nbsp;$1.02&nbsp;per share and distributable net investment income (&quot;DNII&quot;) is&nbsp;$1.06&nbsp;to&nbsp;$1.08&nbsp;per share.(1)
Main Street&#39;s preliminary estimate of net asset value (&quot;NAV&quot;) per share as of June&nbsp;30, 2024 is&nbsp;$29.77&nbsp;to&nbsp;$29.83, representing an increase of&nbsp;$0.23&nbsp;to&nbsp;$0.29&nbsp;per share, or&nbsp;0.8%&nbsp;to&nbsp;1.0%, from the NAV per share of&nbsp;$29.54&nbsp;as of&nbsp;March 31, 2024, with this increase after the impact of the supplemental dividend paid in&nbsp;June 2024&nbsp;of&nbsp;$0.30&nbsp;per share. The estimated increase in NAV per share is primarily due to the net fair value increase on the investment portfolio resulting from the net unrealized appreciation and the net realized gain on portfolio investments, including an increase in the fair value of the wholly-owned asset manager, and the accretive impact of equity issuances during the quarter, with these increases partially offset by the net tax expense for the quarter.
As a result of Main Street&#39;s preliminary estimates of NII and net changes in the fair market value of its investment portfolio as noted above, Main Street estimates that it generated a quarterly annualized return on equity of&nbsp;15%&nbsp;to&nbsp;17%&nbsp;for the&nbsp;second quarter&nbsp;of 2024.(2)
Main Street preliminarily estimates that non-accrual investments comprised&nbsp;1.2%&nbsp;of the total investment portfolio at fair value and&nbsp;3.6%&nbsp;at cost as of June&nbsp;30, 2024.

Main Street Sees Q2 Net Investment Income (NII) Of $1.00 - $1.02 Per Share; Distributable Net Investment Income (DNII) Of $1.06 - $1.08 Per Share

Main Street Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) short percent of float has risen 6.03% since its last report. The company recently reported that it has 3.48 million shares sold short, which is 4.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Main Street Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720208720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Main Street Capital has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Main Street Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Main Street Capital's peer group average for short interest as a percentage of float is 2.82%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(MAIN) - Analyzing Main Street Capital's Short Interest

B. Riley Securities analyst Bryce Rowe maintains Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) with a Neutral and raises the price target from $47 to $49.

B. Riley Securities Maintains Neutral on Main Street Capital, Raises Price Target to $49

Truist Securities analyst Mark Hughes maintains Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) with a Hold and raises the price target from $45 to $52.

Truist Securities Maintains Hold on Main Street Capital, Raises Price Target to $52

Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.03 by 7.77 percent. The company reported quarterly sales of $131.606 million which beat the analyst consensus estimate of $128.009 million by 2.81 percent. This is a 9.44 percent increase over sales of $120.254 million the same period last year.

Main Street Capital Q1 2024 Adj EPS $1.11 Beats $1.03 Estimate, Sales $131.606M Beat $128.009M Estimate

Main Street Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) short percent of float has fallen 3.82% since its last report. The company recently reported that it has 3.30 million shares sold short, which is 4.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.52 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Main Street Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715276721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Main Street Capital has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Main Street Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Main Street Capital's peer group average for short interest as a percentage of float is 2.70%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Main Street Capital?

As of May 8, 2024, two stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.  
Here's the latest list of major overbought players in this sector.
Payoneer Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYO#NASDAQ">PAYO</a>)
<ul>
<li>On May 8, Payoneer Global posted better-than-expected quarterly results. &#8220;Payoneer delivered record quarterly revenue and strong profitability in the first quarter, driven by growth across all channels, including faster growth in our higher take rate B2B and Merchant Services businesses,&#8221; said John Caplan, Chief Executive Officer. &#8220;We grew ICPs by 8% and generated 21% volume growth, our highest growth rate in nearly 3 years. We are making steady progress against our strategic priorities, accelerating underlying revenue growth, and increasing profitability.&#8221; The company's stock gained around 6% over the past five days and has a <a href="https://www.benzinga.com/quote/PAYO">52-week high of $6.48</a>.</li>
<li>RSI Value: 79.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>PAYO Price Action: Shares of Excelerate Energy gained 0.4% to close at $ 5.22 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Main Street Capital Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>)</h3>
<ul>
<li>On April 16, Main Street Capital announced its preliminary operating results for the first quarter of 2024. Dwayne L. Hyzak, Main Street&#8217;s Chief Executive Officer, stated, &#8220;We are extremely pleased with our performance in the first quarter, which resulted in continued strong operating results, including a new record for net asset value per share for the seventh consecutive quarter, net investment income per share and distributable net investment income per share that significantly exceeded the dividends paid to our shareholders  and an estimated return on equity of 17% for the quarter.&#8221; The company's stock gained around 7% over the past month and <a href="https://www.benzinga.com/quote/MAIN">has a 52-week high </a> of $51.08.</li>
<li>RSI Value: 79.38</li>
<li>MAIN Price Action: Shares of Main Street Capital rose 0.1% to close at $50.70 on Tuesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38692433/investor-sentiment-falls-further-dow-gains-for-fifth-session">Investor Sentiment Falls Further, Dow Gains For Fifth Session</a>

PAYO

Top 2 Financial Stocks That May Fall Off A Cliff In May

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Main Street Capital, revealing an average target of $46.25, a high estimate of $52.00, and a low estimate of $43.00. This upward trend is apparent, with the current average reflecting a 5.71% increase from the previous average price target of $43.75.
<img src="https://www.benzinga.com/files/images/story/2024/1714496499_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The analysis of recent analyst actions sheds light on the perception of Main Street Capital by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kenneth Lee</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$52.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Vilas Abraham</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Mitchel Penn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Perform</td>
<td>$43.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$45.00</td>
<td>$43.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Main Street Capital. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Main Street Capital compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Main Street Capital's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Main Street Capital's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MAIN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Main Street Capital analyst ratings.</a>
<h2>All You Need to Know About Main Street Capital</h2>
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.
<h3>Main Street Capital: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Main Street Capital's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 20.53%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Main Street Capital's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 90.83% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Main Street Capital's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.74%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Main Street Capital's ROA stands out, surpassing industry averages. With an impressive ROA of 3.12%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Main Street Capital's debt-to-equity ratio is below the industry average. With a ratio of 0.73, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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