Mount Logan Capital (NASDAQ:MLCI) Announces Earnings Results

Mount Logan Capital (NASDAQ:MLCI) issued its quarterly earnings results on Tuesday. The company reported ($0.37) earnings per share for the quarter, FiscalAI reports. The company had revenue of $8.75 million for the quarter.

Mount Logan Capital Stock Performance

Mount Logan Capital stock traded down $0.11 during midday trading on Tuesday, reaching $2.85. The stock had a trading volume of 434,448 shares, compared to its average volume of 60,088. The stock has a market capitalization of $31.89 million and a PE ratio of -0.45. Mount Logan Capital has a twelve month low of $2.68 and a twelve month high of $8.74. The stock’s 50-day simple moving average is $3.16 and its 200 day simple moving average is $5.09.

Mount Logan Capital Dividend Announcement

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

Analysts Set New Price Targets

MLCI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Mount Logan Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 27th. Weiss Ratings started coverage on Mount Logan Capital in a research report on Tuesday, May 26th. They set a “sell (d-)” rating on the stock. Finally, Capital One Financial set a $8.00 target price on Mount Logan Capital in a research note on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell” and a consensus price target of $8.00.

Institutional Trading of Mount Logan Capital

A hedge fund recently bought a new stake in Mount Logan Capital stock. BlackRock Inc. bought a new stake in Mount Logan Capital Inc. (NASDAQ:MLCI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 79,515 shares of the company’s stock, valued at approximately $274,000. BlackRock Inc. owned 0.71% of Mount Logan Capital at the end of the most recent quarter.

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.