Mount Logan Capital Inc. (NASDAQ:MLCI) Stock Short Interest Report for September

Mount Logan Capital Inc. (NASDAQ:MLCI) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 51,400 shares, a decrease of 36.8% from the September 15th total of 81,288 shares. Based on an average daily trading volume, of 22,169 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Capital One Financial set a $8.00 target price on Mount Logan Capital in a research report on Thursday, June 25th. Weiss Ratings lowered Mount Logan Capital from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Mount Logan Capital currently has an average rating of “Sell” and an average target price of $8.00.

Mount Logan Capital Stock Up 3.5%

Shares of MLCI opened at $3.28 on Friday. The firm has a 50-day moving average price of $3.20 and a 200 day moving average price of $3.53. The firm has a market capitalization of $36.70 million and a PE ratio of -0.49. Mount Logan Capital has a 52-week low of $2.56 and a 52-week high of $8.68.

Mount Logan Capital (NASDAQ:MLCI) last released its earnings results on Tuesday, August 11th. The company reported ($0.37) EPS 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 for the quarter.

Mount Logan Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.03 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.12 annualized dividend and a dividend yield of 3.7%. Mount Logan Capital’s dividend payout ratio (DPR) is -1.80%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JB Capital Partners LP acquired a new stake in Mount Logan Capital in the second quarter worth approximately $1,839,468. Punch & Associates Investment Management Inc. acquired a new position in shares of Mount Logan Capital during the 2nd quarter valued at $635,000. BlackRock Inc. acquired a new position in shares of Mount Logan Capital during the 2nd quarter valued at $274,000. Finally, HighTower Advisors LLC raised its stake in shares of Mount Logan Capital by 1.8% in the 2nd quarter. HighTower Advisors LLC now owns 286,393 shares of the company’s stock worth $985,000 after buying an additional 5,069 shares in the last quarter.

About Mount Logan Capital

Mount Logan Capital Corp. (NASDAQ: MLCI) is a specialty finance company focused on investing in and managing credit-related assets. Its activities have included providing capital to middle-market businesses and acquiring portfolios of private credit, loans, asset-backed securities and other debt investments.

The company has also pursued opportunities in the insurance and asset-management sectors, seeking to generate returns through a diversified portfolio of credit and insurance-related investments.