Mount Logan Capital Inc. (NASDAQ:MLCI) Shares Will Pay Quarterly Dividend of $0.03

Mount Logan Capital Inc. (NASDAQ:MLCI) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.03 per share on Monday, November 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, November 19th.

Mount Logan Capital Stock Down 0.3%

Mount Logan Capital stock opened at $3.54 on Friday. The company has a market capitalization of $39.61 million, a P/E ratio of -0.53 and a beta of 2.36. The stock’s 50 day moving average is $3.27 and its 200 day moving average is $3.96. Mount Logan Capital has a twelve month low of $2.56 and a twelve month high of $8.68.

Mount Logan Capital (NASDAQ:MLCI) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.33) earnings per share for the quarter. The company had revenue of $12.85 million for the quarter. Mount Logan Capital had a negative net margin of 155.36% and a negative return on equity of 72.32%.

Analyst Ratings Changes

Separately, Weiss Ratings raised Mount Logan Capital from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock 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.