Mill City Ventures III, Ltd. (NASDAQ:MCVT) CEO Douglas Michael Polinsky Acquires 10,000 Shares

Mill City Ventures III, Ltd. (NASDAQ:MCVT) CEO Douglas Michael Polinsky acquired 10,000 shares of Mill City Ventures III stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $1.92 per share, with a total value of $19,200.00. Following the completion of the acquisition, the chief executive officer now owns 311,847 shares of the company’s stock, valued at $598,746.24. The trade was a 3.31 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mill City Ventures III Stock Performance

MCVT stock traded up $0.03 during midday trading on Friday, hitting $1.95. 135,429 shares of the stock were exchanged, compared to its average volume of 101,362. The stock’s 50-day moving average price is $2.41 and its 200-day moving average price is $2.29. The stock has a market cap of $12.45 million, a price-to-earnings ratio of -27.85 and a beta of 0.56. Mill City Ventures III, Ltd. has a fifty-two week low of $1.65 and a fifty-two week high of $3.88.

Mill City Ventures III (NASDAQ:MCVT) last issued its quarterly earnings data on Monday, March 10th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $0.87 million during the quarter. Mill City Ventures III had a positive return on equity of 1.44% and a negative net margin of 12.15%.

About Mill City Ventures III

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.