Mount Logan Capital Inc. (NASDAQ:MLCI – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 105,226 shares, an increase of 72.8% from the July 15th total of 60,879 shares. Based on an average daily volume of 9,552 shares, the days-to-cover ratio is presently 11.0 days. Currently, 1.0% of the shares of the stock are sold short.
Mount Logan Capital Price Performance
Shares of MLCI stock traded down $0.02 during mid-day trading on Monday, hitting $3.12. The stock had a trading volume of 47,759 shares, compared to its average volume of 59,847. Mount Logan Capital has a 12-month low of $2.56 and a 12-month high of $8.74. The firm’s 50-day moving average is $3.15 and its two-hundred day moving average is $4.95. The firm has a market capitalization of $34.91 million and a P/E ratio of -0.47.
Mount Logan Capital (NASDAQ:MLCI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.37) EPS for the quarter. The firm had revenue of $8.75 million for the quarter. Mount Logan Capital had a negative net margin of 155.36% and a negative return on equity of 72.32%.
Mount Logan Capital Dividend Announcement
Institutional Investors Weigh In On Mount Logan Capital
Hedge funds have recently modified their holdings of the business. JB Capital Partners LP purchased a new position in Mount Logan Capital during the second quarter valued at approximately $1,839,468,000. Punch & Associates Investment Management Inc. bought a new position in Mount Logan Capital in the second quarter worth approximately $635,000. Finally, BlackRock Inc. purchased a new stake in Mount Logan Capital during the second quarter worth $274,000.
Analysts Set New Price Targets
MLCI has been the topic of several recent analyst reports. Capital One Financial set a $8.00 price target on shares of Mount Logan Capital in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of Mount Logan Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings started coverage on shares of Mount Logan Capital in a research report on Tuesday, May 26th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus price target of $8.00.
View Our Latest Stock Analysis on MLCI
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.
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