534,729 Shares in Mount Logan Capital Inc. $MLCI Purchased by JB Capital Partners LP

JB Capital Partners LP acquired a new stake in Mount Logan Capital Inc. (NASDAQ:MLCI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 534,729 shares of the company’s stock, valued at approximately $1,839,468,000.

Separately, BlackRock Inc. purchased a new position in shares of Mount Logan Capital during the 2nd quarter valued at approximately $274,000.

Mount Logan Capital Price Performance

Shares of NASDAQ MLCI opened at $3.31 on Friday. The company has a market capitalization of $37.04 million and a P/E ratio of -0.50. The company has a 50 day simple moving average of $3.18 and a 200-day simple moving average of $4.83. Mount Logan Capital Inc. has a 1 year low of $2.56 and a 1 year high of $8.74.

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

Mount Logan Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 21st. Mount Logan Capital’s payout ratio is -1.80%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MLCI shares. Wall Street Zen upgraded shares of Mount Logan Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 27th. Weiss Ratings assumed coverage on Mount Logan Capital in a report on Tuesday, May 26th. They issued a “sell (d-)” rating on the stock. Finally, Capital One Financial set a $8.00 price objective on Mount Logan Capital in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell” and a consensus target price of $8.00.

Mount Logan Capital 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.