Shares of the Main Street Capital Corporation (MAIN) stock were volatile in the pre-market today on May 21, 2021, without any specific reason. MAIN stock price saw a push of 0.15% to reach $41 a share as of this writing. It seems that MAIN stock performed well in the previous trading session as its previous closing price was up by 0.49%. MAIN stock happened to be red at one time in the pre-market today but then inched up later. Let’s deep dive to explore more of it.
What’s happening?
There seems to be no specific reason today to support the volatility of MAIN stock. No signs of analysts’ upgrades or downgrades have been in the news. This is spreading confusion among investors in making decision regarding this stock. At this point, it is better to look at some previous recent events of the MAIN stock.
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First Quarter 2021 Financial Results:
- According to the first quarter financial results, net investment income and distributed net investment income of MAIN stock were $39.8 million and $42.1 million, respectively. The total investment income was $62.8 million for MAIN stock.
- The MAIN stock net asset value per share was $22.65 compared to the net asset value of $22.35 per share at the end of December 2020.
- The MAIN stock declared a dividend of $0.205 per share for each of April, May, and June 2021 which represents the total dividend of $0.615 per share for the second quarter of 2021.
- MAIN stock enhanced liquidity and diversified capital structure via issuing of investment-grade notes worth $300.0 million in the first month of 2021 with an interest rate of 3.00% per year.
Third Quarter 2021 Regular Monthly Dividends:
In the first week of May, MAIN stock did an announcement of monthly cash dividends of $0.205 per share for each of July, August, and September 2021. This means the total dividend of the third quarter of 2021 is $0.615 per share which is consistent with the third quarter of 2020 and second quarter of 2021.
Conclusion:
The MAIN stock became red and green multiple times today in the pre-market trading session. Short-term traders are usually affected in this situation, but short-term fluctuations have no impact on the long-term value of the company. Hence it is better to do deep research before investing in MAIN stock.
