Main Street Capital Stock (NYSE:MAIN), Trade Ideas

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.

Main Street Capital Corporation Common Stock

Main Street Capital Corp

MAIN STREET MAIN ST FINCL by Main Street Financial Services Corp.

Main Street Financial Services Corp

Main Thematic Innovation ETF

MainStay CBRE Global Infrastructure Megatrends Term Fund Common Shares

MainStay CBRE Global Infrastructure Megatrends Fund

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

Mainframe - United States Dollar

Mainfreight Ltd

MAINFREIGHT LTD UNSP/ADR by Mainfreight Ltd.

MAINSTREET EQUITY CORP by Mainstreet Equity Corp.

Mainstreet Equity Corp

Mainz Biomed NV

The companies include&nbsp;Centre Technologies Holdings, LLC, Pearl Meyer&nbsp;Topco, LLC, SI East, LLC,&nbsp;Slick Innovations, LLC and Bolder Panther Group, LLC.

News

MAIN

Main Street Capital Corporation Says It Invested $36.6M In Five Existing Lower Middle Market Portfolio Companies

Guidance

Main Street Sees Q1 Net Investment Income (NII) of $1.04 - $1.06 Per Share; Distributable Net Investment Income (DNII) Of $1.10 - $1.12 Per Share

General

Main Street Capital Said During Q1 Of 2024, Main Street Originated New Or Increased Commitments In Its Private Loan Portfolio Of $146.3M And Funded Total Investments Across Its Private Loan Portfolio With A Cost Basis Totaling $154.5M

As of April 11, 2024, three 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&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;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&rsquo;s the latest list of major overbought players in this sector.
<h3>ING Groep NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ing#NYSE">ING</a>)</h3>
<ul>
<li>On Feb. 1, ING Groep posted an increase in quarterly sales. The company&rsquo;s stock gained around 12% over the past month and has a <a href="https://www.benzinga.com/quote/ING">52-week high of $17.18 </a>.</li>
<li>RSI Value: 77.32</li>
<li>ING Price Action: Shares of ING Groep fell 1.1% to close at $16.84 on Wednesday.</li>
</ul>
<h3>Root Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>)</h3>
<ul>
<li>Root, is expected to to host a conference call to discuss financial results for the first quarter on April 30, 2024 at 5:00 p.m. Eastern Time. The company&rsquo;s stock gained around 80% over the past month and <a href="https://www.benzinga.com/quote/ROOT"> has a 52-week high </a> of $85.99.</li>
<li>RSI Value: 71.35</li>
<li>ROOT Price Action: Shares of Root fell 4.2% to close at $76.87 on Wednesday.</li>
</ul>
<h3>Main Street Capital Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/main#NYSE">MAIN</a>)</h3>
<ul>
<li>On Feb. 22, Main Street Capital posted upbeat quarterly earnings. The company&rsquo;s stock gained around 1% over the past month and has a <a href="https://www.benzinga.com/quote/MAIN"> 52-week high </a> of $47.82.</li>
<li>RSI Value: 71.58</li>
<li>MAIN Price Action: Shares of Main Street Capital fell 0.2% to close at $47.58 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38176505/jim-cramer-says-wesco-international-is-a-buy-recommends-buying-this-stock-under-20"> Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20 </a>

Short Ideas

Small Cap

Pre-Market Outlook

Markets

Trading Ideas

ROOT

Top 3 Financial Stocks That Are Ticking Portfolio Bombs

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&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;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 financial sector.
<h3>Main Street Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/main#NYSE">MAIN</a>)</h3>
<ul>
<li>Dividend Yield: 6.04%</li>
<li>Truist Securities analyst Mark Hughes maintained a Hold rating and raised the price target from $43 to $45 on Feb. 26, 2024. This analyst has an accuracy rate of 84%.</li>
<li>RBC Capital analyst Kenneth Lee maintained an Outperform rating and raised the price target from $46 to $48 on Jan. 22, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Feb. 22, Main Street Capital posted upbeat quarterly earnings.</li>
</ul>
<h3>New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>)</h3>
<ul>
<li>Dividend Yield: 6.21%</li>
<li>Raymond James analyst Steve Moss downgraded the stock from Market Perform to Underperform on March 18, 2024. This analyst has an accuracy rate of 60%.</li>
<li>Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintained a Market Perform rating and lowered the price target from $7.5 to $3.75 on March 11, 2024. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On March 6, New York Community Bancorp announced an equity investment of over $1 billion by investors including Liberty Strategic Capital, Hudson Bay and Reverence Capital.</li>
</ul>
<h3>Starwood Property Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stwd#NYSE">STWD</a>)</h3>
<ul>
<li>Dividend Yield: 9.65%</li>
<li>Wells Fargo analyst Donald Fandetti maintained an Outperform rating and increased the price target from $21 to $22 on Feb. 23, 2024. This analyst has an accuracy rate of 70%.</li>
<li>JP Morgan analyst Richard Shane maintained an Overweight rating and raised the price target from $20.5 to $21 on Feb. 23, 2024. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: Starwood Property Trust said it will release its first quarter 2024 financial results on May 8, 2024.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38176318/investor-optimism-decreases-slightly-inflation-data-in-focus"> Investor Optimism Decreases Slightly; Inflation Data In Focus</a>

Penny Stocks

Dividends

Price Target

Analyst Ratings

NYCB

STWD

Wall Street's Most Accurate Analysts' Views On 3 Financial Stocks With Over 6% Dividend Yields

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&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;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 financial sector.
<h3>New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>)</h3>
<ul>
<li>Dividend Yield: 6.15%</li>
<li>Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintained a Market Perform rating and cut the price target from $7.5 to $3.75 on March 11, 2024. This analyst has an accuracy rate of 66%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Neutral rating and lowered the price target from $5 to $3.5 on March 7, 2024. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On March 6, New York Community Bancorp announced an equity investment of over $1 billion by investors including Liberty Strategic Capital, Hudson Bay and Reverence Capital.</li>
</ul>
<h3>Main Street Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/main#NYSE">MAIN</a>)</h3>
<ul>
<li>Dividend Yield: 6.26%</li>
<li>Truist Securities analyst Mark Hughes maintained a Hold rating and raised the price target from $43 to $45 on Feb. 26, 2024. This analyst has an accuracy rate of 84%.</li>
<li>B. Riley Securities analyst Bryce Rowe downgraded the stock from Buy to Neutral with a price target of $47 on Jan. 8, 2024. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: On Feb. 22, Main Street Capital posted upbeat quarterly earnings.</li>
</ul>
<h3>The Western Union Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wu#NYSE">WU</a>)</h3>
<ul>
<li>Dividend Yield: 6.69%</li>
<li>BMO Capital analyst Rufus Hone maintained a Market Perform rating and raised the price target from $12 to $13 on Feb. 7, 2024. This analyst has an accuracy rate of 76%.</li>
<li>UBS analyst Timothy Chiodo assumed a Neutral rating with a price target of $14 on Oct. 20, 2023. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On March 5, Visa disclosed a 7-year agreement with Western Union.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37578817/cramer-says-this-healthcare-stock-can-go-higher-calls-manhattan-associates-a-winner"> Cramer Says This Healthcare Stock Can Go Higher, Calls Manhattan Associates &#39;A Winner&#39;</a>

Wall Street's Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 6% Dividend Yields

UBS analyst Vilas Abraham 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 $43 to $45.

UBS Maintains Neutral on Main Street Capital, Raises Price Target to $45

Main Street Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) short percent of float has fallen 4.4% since its last report. The company recently reported that it has 3.39 million shares sold short, which is 4.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.36 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/2024/1709238621_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 2.54%, 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

How Is The Market Feeling About Main Street Capital?

4 analysts have expressed a variety of opinions on Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over 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;">0</td>
<td style="text-align: right;">2</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;">1</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;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $45.75, a high estimate of $48.00, and a low estimate of $43.00. Marking an increase of 5.59%, the current average surpasses the previous average price target of $43.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1708974018_0_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Main Street Capital among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines 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>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>
<tr>
<td>Kenneth Lee</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Bryce Rowe</td>
<td>B. Riley Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$47.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Main Street Capital. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Main Street Capital compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Main Street Capital's stock. This comparison reveals trends in analysts' expectations over time.</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>Unveiling the Story Behind 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, refinancings, 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 US. 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: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Main Street Capital's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.99% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Main Street Capital's net margin is impressive, surpassing industry averages. With a net margin of 90.83%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Main Street Capital's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.74% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Main Street Capital's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.12% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.73.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per 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.

Forecasting The Future: 4 Analyst Projections For Main Street Capital

Main Street Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/main#NYSE">MAIN</a>) reported upbeat fourth-quarter <a href="https://www.benzinga.com/quote/MAIN/earnings">financial results on Thursday</a>.
Main Street Capital posted adjusted earnings of $1.12 per share, beating market estimates of $1.03 per share. The company&rsquo;s quarterly sales came in at $129.31 million versus expectations of $125.68 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Net asset value was $29.20 per share at Dec. 31, 2023, up from $28.33 per share at Sept. 30, 2023.
Main Street Capital shares fell 0.9% to close at $45.35 on Friday.
These analysts made changes to their price targets on Main Street Capital after the company reported quarterly results.
<ul>
<li>Truist Securities raised the price target on Main Street Capital from $43 to $45. Truist Securities analyst Michael Ramirez maintained a Hold rating.</li>
<li>Oppenheimer boosted the price target on Main Street Capital from $41 to $43. Oppenheimer analyst Mitchel Penn maintained a Perform rating.</li>
</ul>
&nbsp;
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37308254/insiders-buying-agree-realty-and-3-other-stocks"> Insiders Buying Agree Realty And 3 Other Stocks</a>

Earnings

Main Street Capital Analysts Boost Their Forecasts After Strong Q4 Results

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 $41 to $43.

Oppenheimer Maintains Perform on Main Street Capital, Raises Price Target to $43

Truist Securities analyst Michael Ramirez 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 $43 to $45.

Truist Securities Maintains Hold on Main Street Capital, Raises Price Target to $45

U.S. stock futures were lower this morning, with the Dow futures trading lower by around 25 points on Friday.
Shares of Ardelyx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ardx#NASDAQ">ARDX</a>) fell sharply in today&rsquo;s pre-market trading after the company reported mixed <a href="https://www.benzinga.com/news/earnings/24/02/37273692/ardelyx-reports-mixed-q4-results-earnings-miss-revenue-beat">fourth-quarter financial results</a>.
Ardelyx reported quarterly losses of 12 cents per share which missed the analyst consensus estimate of losses of 10 cents. The company reported quarterly sales of $34.36 million, beating the analyst consensus estimate of $34.23 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Ardelyx shares dipped 13.3% to $7.65 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) shares dipped 38.2% to $12.58 in pre-market trading after reporting fourth-quarter results.</li>
<li>indie Semiconductor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indi#NASDAQ">INDI</a>) shares declined 15% to $5.86 in pre-market trading following weak quarterly sales.</li>
<li>ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) shares tumbled 14.2% to $37.64 in pre-market trading after the company issued weak sales forecast for the first quarter.</li>
<li>Booking Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) shares declined 9.1% to $3,545.61 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>MercadoLibre, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) shares fell 8.1% to $1,671.42 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>Copart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cprt#NASDAQ">CPRT</a>) shares declined 7.8% to $45.56 in pre-market trading after the company reported worse-than-expected second-quarter financial results.</li>
<li>AVITA Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) shares fell 7.8% to $15.69 in pre-market trading following weak quarterly sales.</li>
<li>Main Street Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/main#NYSE">MAIN</a>) declined 6% to $43.00 in pre-market trading following fourth-quarter financial results.</li>
<li>Canaan Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/can#NASDAQ">CAN</a>) shares fell 4.9% to $1.93 in pre-market trading. Canaan is expected to report fourth-quarter financial results on Feb. 27, 2024.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37279701/investor-optimism-improves-further-s-p-500-settles-at-record-high"> Investor Optimism Improves Further; S&amp;P 500 Settles At Record High</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Movers

AAOI

ARDX

BKNG

CPRT

INDI

MELI

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Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Main Street Capital beat estimated earnings by 8.74%, reporting an EPS of $1.12 versus an estimate of $1.03.
Revenue was up $15.43 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.04 which was followed by a 1.22% increase in the share price the next day.
Here's a look at Main Street Capital's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1</td>
<td>1</td>
<td>0.98</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.04</td>
<td>1.12</td>
<td>1.07</td>
<td>1.03</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>123.88M</td>
<td>121.82M</td>
<td>114.11M</td>
<td>107.31M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>123.24M</td>
<td>127.58M</td>
<td>120.25M</td>
<td>113.88M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Main Street Capital <a href="https://www.benzinga.com/quote/MAIN/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Main Street Capital Q4 Earnings

Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) reported quarterly earnings of $1.12 per share which beat the analyst consensus estimate of $1.03 by 8.74 percent. The company reported quarterly sales of $129.31 million which beat the analyst consensus estimate of $125.68 million by 2.89 percent. This is a 13.55 percent increase over sales of $113.88 million the same period last year.

Earnings Beats

Main Street Capital Q4 2023 Adj EPS $1.12 Beats $1.03 Estimate, Sales $129.31M Beat $125.68M Estimate

Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) reported quarterly sales of $129.31 million which beat the analyst consensus estimate of $125.68 million by 2.89 percent. This is a 13.55 percent increase over sales of $113.88 million the same period last year.

Main Street Capital Q4 Sales $129.31M Beat $125.68M Estimate

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Earnings Scheduled For February 22, 2024

RBC Capital analyst Kenneth Lee maintains Main Street Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAIN#NYSE">MAIN</a>) with a Outperform and raises the price target from $46 to $48.

RBC Capital Maintains Outperform on Main Street Capital, Raises Price Target to $48

Main Street Expects Prelim. Q4 Distributable Net Investment Income Of $1.11-$1.13 Per Share

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

Downgrades

B. Riley Securities Downgrades Main Street Capital to Neutral, Announces $47 Price Target

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10% Yields Or Higher

Main Street makes $36.6M in follow-on investments year-to-date

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Press Releases

Main Street Announces Fourth Quarter 2023 Private Loan Portfolio Activity

Main Street Announces Preliminary Estimate of Fourth Quarter 2023 Operating Results

Main Street Announces New Portfolio Investment

Main Street Announces Second Quarter 2024 Regular Monthly Dividends and Supplemental Dividend Payable in March 2024

Main Street Announces Participation in Upcoming Institutional Investor Conferences

MAIN STREET ANNOUNCES 2023 FOURTH QUARTER AND ANNUAL RESULTS

Commodities

Main Street Announces Follow-On Investment

Main Street Announces First Quarter 2024 Private Loan Portfolio Activity

Main Street Announces Preliminary Estimate of First Quarter 2024 Operating Results