JB Capital Partners LP Makes New $1.84 Billion Investment in Mount Logan Capital Inc. $MLCI

JB Capital Partners LP acquired a new stake in shares of Mount Logan Capital Inc. (NASDAQ:MLCI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 534,729 shares of the company’s stock, valued at approximately $1,839,468,000. JB Capital Partners LP owned 4.78% of Mount Logan Capital as of its most recent SEC filing.

Separately, BlackRock Inc. purchased a new position in Mount Logan Capital during the second quarter valued at approximately $274,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in 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 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 shares of Mount Logan Capital in a report on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell” and an average price target of $8.00.

Mount Logan Capital Stock Up 2.2%

Shares of NASDAQ MLCI opened at $3.31 on Friday. Mount Logan Capital Inc. has a twelve month low of $2.56 and a twelve month high of $8.74. The business has a fifty day simple moving average of $3.18 and a two-hundred day simple moving average of $4.83. The firm has a market cap of $37.04 million and a PE ratio of -0.50.

Mount Logan Capital (NASDAQ:MLCI) last announced its earnings results on Tuesday, August 11th. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $8.75 million for 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 21st. Mount Logan Capital’s dividend payout ratio (DPR) is currently -1.80%.

About Mount Logan Capital

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.