Mount Logan Capital (NASDAQ:MLCI) Posts Earnings Results

Mount Logan Capital (NASDAQ:MLCI) announced its quarterly earnings results on Thursday. The company reported ($0.33) EPS for the quarter, FiscalAI reports. The firm 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%.

Mount Logan Capital Price Performance

Shares of MLCI stock traded down $0.07 during mid-day trading on Friday, hitting $3.47. 9,406 shares of the stock traded hands, compared to its average volume of 11,177. Mount Logan Capital has a 52-week low of $2.56 and a 52-week high of $8.68. The stock has a market cap of $38.83 million, a P/E ratio of -0.65 and a beta of 2.36. The stock’s fifty day moving average is $3.27 and its two-hundred day moving average is $3.94.

Mount Logan Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, November 19th. Mount Logan Capital’s dividend payout ratio is presently -1.80%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MLCI. JB Capital Partners LP acquired a new stake in Mount Logan Capital in the second quarter valued at approximately $1,839,468. HighTower Advisors LLC increased 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 purchasing an additional 5,069 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new position in shares of Mount Logan Capital during the second quarter worth $635,000. Finally, BlackRock Inc. purchased a new stake in shares of Mount Logan Capital during the 2nd quarter valued at $274,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Mount Logan Capital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell” and a consensus 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.