Mount Logan Capital Inc. (MLCI) to Issue Quarterly Dividend of $0.03 on August 31st

Mount Logan Capital Inc. (NASDAQ:MLCIGet Free Report) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Friday, August 21st will be paid a dividend of 0.03 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 21st.

Mount Logan Capital Trading Down 0.3%

MLCI stock opened at $3.11 on Wednesday. The company’s 50 day moving average is $3.17 and its 200 day moving average is $4.90. The stock has a market cap of $34.80 million and a price-to-earnings ratio of -0.47. Mount Logan Capital has a 1-year low of $2.56 and a 1-year high of $8.74.

Mount Logan Capital (NASDAQ:MLCIGet Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($0.37) earnings per share for the quarter. Mount Logan Capital had a negative net margin of 155.36% and a negative return on equity of 72.32%. The company had revenue of $8.75 million during the quarter.

Institutional Investors Weigh In On Mount Logan Capital

A number of hedge funds have recently made changes to their positions in MLCI. BlackRock Inc. purchased a new stake in shares of Mount Logan Capital in the 2nd quarter valued at $274,000. Punch & Associates Investment Management Inc. bought a new position in shares of Mount Logan Capital during the 2nd quarter valued at $635,000. Finally, JB Capital Partners LP purchased a new position in Mount Logan Capital in the 2nd quarter worth $1,839,468,000.

Mount Logan Capital Company Profile

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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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