Insider Buying: Mount Logan Capital (NASDAQ:MLCI) CEO Buys 7,970 Shares

Mount Logan Capital Inc. (NASDAQ:MLCI) CEO Edward Goldthorpe purchased 7,970 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was bought at an average cost of $2.77 per share, for a total transaction of $22,076.90. Following the acquisition, the chief executive officer directly owned 297,339 shares in the company, valued at approximately $823,629.03. The trade was a 2.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Mount Logan Capital Price Performance

NASDAQ:MLCI opened at $2.81 on Tuesday. The company has a market capitalization of $31.44 million and a price-to-earnings ratio of -0.45. Mount Logan Capital Inc. has a 1-year low of $2.68 and a 1-year high of $8.74. The business has a 50 day moving average of $3.61 and a 200 day moving average of $6.09.

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. This represents a $0.12 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, May 26th. Mount Logan Capital’s dividend payout ratio is presently -1.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings initiated coverage on Mount Logan Capital in a report on Tuesday, May 26th. They issued a “sell (d-)” rating on the stock. Wall Street Zen upgraded Mount Logan Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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.