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

Mount Logan Capital Inc. (NASDAQ:MLCI) CEO Edward Goldthorpe bought 7,970 shares of Mount Logan Capital stock in a transaction on Monday, June 22nd. The shares were purchased at an average price of $2.77 per share, for a total transaction of $22,076.90. Following the acquisition, the chief executive officer directly 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 document filed with the SEC, which is available at this hyperlink.

Mount Logan Capital Stock Performance

Shares of NASDAQ:MLCI opened at $2.81 on Tuesday. Mount Logan Capital Inc. has a 52-week low of $2.68 and a 52-week high of $8.74. The firm has a market capitalization of $31.44 million and a P/E ratio of -0.45. The stock has a 50 day moving average price of $3.61 and a 200-day moving average price of $6.09.

Mount Logan Capital Announces Dividend

The company 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. This represents a $0.12 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, May 26th. Mount Logan Capital’s dividend payout ratio is presently -1.90%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MLCI shares. Weiss Ratings started coverage on Mount Logan Capital in a research report on Tuesday, May 26th. They set a “sell (d-)” rating for the company. Wall Street Zen raised shares of Mount Logan Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mount Logan Capital has an average rating of “Sell”.

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.