Iat Reinsurance Co. LTD. reduced its holdings in MFC Bancorp Ltd. (NASDAQ:MFCB) by 80.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,732,477 shares of the financial services provider’s stock after selling 10,929,923 shares during the quarter. MFC Bancorp comprises 4.0% of Iat Reinsurance Co. LTD.’s investment portfolio, making the stock its 6th biggest holding. Iat Reinsurance Co. LTD. owned 21.82% of MFC Bancorp worth $25,663,000 as of its most recent SEC filing.
MFC Bancorp Ltd. (NASDAQ:MFCB) traded down $0.07 on Tuesday, hitting $8.94. The stock had a trading volume of 3,300 shares, compared to its average volume of 11,704. The company has a quick ratio of 2.20, a current ratio of 2.28 and a debt-to-equity ratio of 0.19. MFC Bancorp Ltd. has a 1-year low of $7.15 and a 1-year high of $11.35.
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Separately, Robert W. Baird reissued a “buy” rating on shares of MFC Bancorp in a report on Thursday, October 5th.
About MFC Bancorp
MFC Bancorp Ltd., formerly FC Industrial Ltd., is a finance and supply chain company. The Company facilitates the working capital and other requirements of its customers. Its business activities involve customized structured financial solutions and are supported by captive sources and products secured from third parties.
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