Mount Logan Capital Inc. (NASDAQ:MLCI) Declares Quarterly Dividend of $0.03

Mount Logan Capital Inc. (NASDAQ:MLCI) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Friday, August 21st will be given a dividend of 0.03 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, August 21st.

Mount Logan Capital Stock Performance

Shares of NASDAQ MLCI traded down $0.09 during midday trading on Wednesday, hitting $2.76. 7,542 shares of the stock traded hands, compared to its average volume of 59,802. The firm has a market capitalization of $30.84 million and a P/E ratio of -0.44. Mount Logan Capital has a one year low of $2.68 and a one year high of $8.74. The firm has a 50-day moving average of $3.15 and a two-hundred day moving average of $5.06.

Mount Logan Capital (NASDAQ:MLCI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.37) EPS for the quarter. The company had revenue of $8.75 million during the quarter.

Analyst Upgrades and Downgrades

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

About Mount Logan Capital

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.