Mount Logan Capital Inc. (NASDAQ:MLCI – Get Free Report) CEO Edward Goldthorpe acquired 7,970 shares of the stock in a transaction dated Monday, June 22nd. The stock was acquired at an average price of $2.77 per share, for a total transaction of $22,076.90. Following the completion of the acquisition, the chief executive officer directly owned 297,339 shares of the company’s stock, valued at $823,629.03. The trade was a 2.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Mount Logan Capital Trading Up 18.4%
Shares of MLCI opened at $3.41 on Friday. Mount Logan Capital Inc. has a 12 month low of $2.68 and a 12 month high of $8.74. The firm has a fifty day simple moving average of $3.54 and a 200 day simple moving average of $6.01. The stock has a market capitalization of $38.16 million and a price-to-earnings ratio of -0.54.
Mount Logan Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.12 annualized dividend and a yield of 3.5%. Mount Logan Capital’s payout ratio is -1.90%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on MLCI
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.
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