JB Capital Partners LP Acquires New Shares in Mount Logan Capital Inc. $MLCI

JB Capital Partners LP bought a new position in shares of Mount Logan Capital Inc. (NASDAQ:MLCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 534,729 shares of the company’s stock, valued at approximately $1,839,468. JB Capital Partners LP owned about 4.78% of Mount Logan Capital at the end of the most recent quarter.

Separately, BlackRock Inc. purchased a new stake in shares of Mount Logan Capital in the 2nd quarter valued at approximately $274,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Mount Logan Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 27th. Capital One Financial set a $8.00 price objective on Mount Logan Capital in a report on Thursday, June 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mount Logan Capital in a research report on Friday, August 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mount Logan Capital has a consensus rating of “Sell” and an average price target of $8.00.

Mount Logan Capital Stock Performance

MLCI remained flat at $3.20 on Friday. The company had a trading volume of 9,534 shares, compared to its average volume of 57,663. The firm has a 50 day simple moving average of $3.22 and a 200 day simple moving average of $4.67. Mount Logan Capital Inc. has a 52 week low of $2.56 and a 52 week high of $8.74. The company has a market capitalization of $35.80 million and a price-to-earnings ratio of -0.48.

Mount Logan Capital (NASDAQ:MLCI) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.37) earnings per share for the quarter. The business had revenue of $8.75 million during the quarter. Mount Logan Capital had a negative net margin of 155.36% and a negative return on equity of 72.32%.

Mount Logan Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.12 dividend on an annualized basis and a yield of 3.7%. Mount Logan Capital’s payout ratio is currently -1.80%.

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.