Mount Logan Capital (NASDAQ:MLCI) Posts Quarterly Earnings Results

Mount Logan Capital (NASDAQ:MLCI) released its earnings results on Tuesday. The company reported ($0.37) EPS for the quarter, FiscalAI reports. The business had revenue of $8.75 million for the quarter. Mount Logan Capital had a negative net margin of 155.36% and a negative return on equity of 65.62%.

Mount Logan Capital Stock Up 6.2%

Mount Logan Capital stock traded up $0.17 during midday trading on Thursday, hitting $2.81. 15,485 shares of the stock were exchanged, compared to its average volume of 59,754. The company has a fifty day simple moving average of $3.15 and a two-hundred day simple moving average of $5.03. The stock has a market capitalization of $31.50 million and a PE ratio of -0.42. Mount Logan Capital has a 52 week low of $2.56 and a 52 week high of $8.74.

Mount Logan Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.3%. Mount Logan Capital’s dividend payout ratio is -1.80%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mount Logan Capital stock. JB Capital Partners LP acquired a new position in Mount Logan Capital Inc. (NASDAQ:MLCI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 534,729 shares of the company’s stock, valued at approximately $1,839,468,000. JB Capital Partners LP owned approximately 4.78% of Mount Logan Capital as of its most recent SEC filing.

Analysts Set New Price Targets

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

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.