Mount Logan Capital Inc. (NASDAQ:MLCI) Announces Quarterly Dividend of $0.03

Mount Logan Capital Inc. (NASDAQ:MLCI) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Friday, August 21st will be given a dividend of 0.03 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, August 21st.

Mount Logan Capital Stock Down 4.7%

Shares of NASDAQ:MLCI traded down $0.14 during trading on Wednesday, hitting $2.71. The stock had a trading volume of 7,928 shares, compared to its average volume of 59,802. The company has a market capitalization of $30.38 million and a PE ratio of -0.43. The firm’s fifty day moving average is $3.15 and its 200 day moving average is $5.06. Mount Logan Capital has a 12 month low of $2.68 and a 12 month high of $8.74.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MLCI. Weiss Ratings started coverage on shares of Mount Logan Capital in a report on Tuesday, May 26th. They set a “sell (d-)” rating on the stock. 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. Finally, Capital One Financial set a $8.00 price objective on shares of Mount Logan Capital in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus price target of $8.00.

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.