Edward Goldthorpe Buys 7,970 Shares of Mount Logan Capital (NASDAQ:MLCI) Stock

Mount Logan Capital Inc. (NASDAQ:MLCI) CEO Edward Goldthorpe acquired 7,970 shares of the stock in a transaction dated Monday, June 22nd. The stock was bought at an average price of $2.77 per share, for a total transaction of $22,076.90. Following the completion of the purchase, the chief executive officer owned 297,339 shares in the company, valued at approximately $823,629.03. This trade represents a 2.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Mount Logan Capital Trading Down 1.4%

Shares of MLCI opened at $2.88 on Thursday. Mount Logan Capital Inc. has a 1 year low of $2.68 and a 1 year high of $8.74. The stock has a 50 day simple moving average of $3.56 and a 200-day simple moving average of $6.03. The stock has a market cap of $32.23 million and a PE ratio of -0.46.

Mount Logan Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.12 annualized dividend and a yield of 4.2%. Mount Logan Capital’s payout ratio is currently -1.90%.

Analyst Ratings Changes

Several research analysts have issued reports on MLCI shares. Wall Street Zen upgraded Mount Logan Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 27th. Weiss Ratings began coverage on shares of Mount Logan Capital in a research note on Tuesday, May 26th. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Mount Logan Capital Company Profile

Mount Logan Capital Inc is an alternative asset management company that focuses on investing in, originating, and managing credit and private debt opportunities. The company’s activities are centered on providing capital solutions across a range of specialty finance and investment strategies, with an emphasis on generating income and preserving capital through disciplined credit underwriting.

The company operates through a combination of investment management and direct lending activities, and it may participate in a variety of asset classes, including structured credit, specialty finance, and other private market opportunities.