Mount Logan Capital (NASDAQ:MLCI) Announces Earnings Results

Mount Logan Capital (NASDAQ:MLCI) issued its quarterly earnings results on Thursday. The company reported ($0.33) EPS for the quarter, FiscalAI reports. Mount Logan Capital had a negative return on equity of 72.32% and a negative net margin of 155.36%. The company had revenue of $12.85 million for the quarter.

Mount Logan Capital Stock Down 4.6%

Shares of MLCI stock opened at $3.38 on Friday. The stock has a market cap of $37.79 million, a price-to-earnings ratio of -0.51 and a beta of 2.36. The firm’s 50 day moving average price is $3.27 and its two-hundred day moving average price is $3.96. Mount Logan Capital has a fifty-two week low of $2.56 and a fifty-two week high of $8.68.

Mount Logan Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, November 19th will be issued a $0.03 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.12 annualized dividend and a yield of 3.6%. Mount Logan Capital’s dividend payout ratio (DPR) is presently -1.80%.

Institutional Investors Weigh In On Mount Logan Capital

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Mount Logan Capital in the 2nd quarter valued at approximately $274,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of Mount Logan Capital during the second quarter worth approximately $635,000. HighTower Advisors LLC grew its position in shares of Mount Logan Capital by 1.8% during the second 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. Finally, JB Capital Partners LP bought a new stake in shares of Mount Logan Capital in the second quarter worth $1,839,468.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Mount Logan Capital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell” and an average target price of $8.00.

About Mount Logan Capital

Mount Logan Capital Inc (NASDAQ: MLCI) is a financial services and asset management company focused on credit and insurance-related investments. The company seeks to generate long-term returns by investing in a diversified portfolio of credit assets and providing capital solutions across areas of the private and structured credit markets.

Mount Logan’s activities have included investments in corporate debt, asset-backed securities, collateralized loan obligations and other income-producing credit instruments.