Mill City Ventures III, Ltd. (NASDAQ:MCVT) Director Acquires $10,340.00 in Stock

Mill City Ventures III, Ltd. (NASDAQ:MCVT) Director Laurence S. Zipkin bought 5,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $1.88 per share, with a total value of $10,340.00. Following the transaction, the director now directly owns 166,161 shares in the company, valued at approximately $312,382.68. The trade was a 3.42 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Mill City Ventures III Stock Down 0.3 %

Shares of Mill City Ventures III stock opened at $1.91 on Friday. The business has a fifty day simple moving average of $2.41 and a 200 day simple moving average of $2.28. The stock has a market cap of $12.22 million, a PE ratio of -27.34 and a beta of 0.56. Mill City Ventures III, Ltd. has a 12 month low of $1.65 and a 12 month high of $3.88.

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

Mill City Ventures III Company Profile

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.