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

Mount Logan Capital Inc. (NASDAQ:MLCI) CEO Edward Goldthorpe acquired 7,970 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $2.77 per share, with a total value of $22,076.90. Following the completion of the purchase, the chief executive officer directly owned 297,339 shares in the company, valued at approximately $823,629.03. This represents a 2.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Mount Logan Capital Trading Up 3.9%

Shares of NASDAQ MLCI opened at $2.92 on Wednesday. The firm’s 50-day moving average price is $3.58 and its 200-day moving average price is $6.06. The stock has a market capitalization of $32.67 million and a price-to-earnings ratio of -0.46. Mount Logan Capital Inc. has a 12-month low of $2.68 and a 12-month high of $8.74.

Mount Logan Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Mount Logan Capital’s payout ratio is presently -1.90%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings began coverage on Mount Logan Capital in a research note on Tuesday, May 26th. They issued a “sell (d-)” rating for the company. Wall Street Zen raised 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, According to data from MarketBeat.com, the company currently 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.