MLCI · NASDAQ · Asset Management

Mount Logan Capital (MLCI)

Combines credit asset management with annuity-liability reinsurance.

$3.18
vs last close−0.09 (−2.75%)
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Mount Logan Capital Inc. Common StockMLCI
Financial sector

Manages public and private debt investments and reinsures annuity liabilities through Ability Insurance Company. Its U.S.-focused business combines fee-generating asset management with insurance capital and relies on BC Partners Advisors for personnel and administrative support.

Operates two segments: Asset Management, its fee-generating credit-investment business through Mount Logan Management LLC, and Insurance Solutions, conducted through Nebraska-domiciled Ability Insurance Company. Its investment focus is public and private debt securities in North America, while the insurance business reinsures annuity liabilities.

Formed as the current operating business in 2018, the platform became a Nasdaq-listed U.S. public company following its September 2025 combination with 180 Degree Capital. It has no direct employees and receives management and administrative resources from BC Partners Advisors L.P. under a staffing and resource agreement. Continued access to that personnel and support is a disclosed operating dependency.

Company facts

CEOEdward (Ted) Goldthorpe
ListedSep 15, 2025
ExchangeNASDAQ
HeadquartersNew York, NY
CountryUnited States
Employees3
CIK0002051820
ISINUS62188E1038

Market cap$36.5M
EPS (ttm)−$7.36
P/E (ttm)−0.4443
ROE-62.0%
P/B0.6012
P/S
Dividend yieldDiv yield1.83%
Beta0.73vs XLF 0.62

No analyst consensus on record.

Next report
Nov 12, 26
in 50 days
EPS estimate
−$0.19
Revenue estimate
$21.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$0.24−$0.48−$0.12−$1.64−$4.15−$0.51−$0.37Pending
Estimate−$0.14$0.08$0.09−$0.01−$0.01$0.01−$0.19
Surprise+271.4%−700.0%−230.6%−16,300.0%−41,400.0%−3,800.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$3.8M$22.2M$53.6M$11.4M−$1.2M$10.6M$8.7MPending
Estimate$25.7M$25.3M$26.2M$20.1M$13.2M$11.5M$13.1M$21.7M
Surprise−85.1%−12.2%+105.0%−43.2%−109.4%−7.2%−33.2%
Estimate−$0.19
ReportedDue Nov 12, 2026
Estimate$21.7M
ReportedDue Nov 12, 2026
View details

Debt to equity181.10%
Current ratio0.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$32.0M$26.0M$52.0M$53.6M$27.4M−$145.4M$2.3M$8.7M
Net income−$2.4M$6.6M−$13.3M−$3.4M−$13.4M−$30.7M−$6.0M−$4.2M
Net margin0.0%25.2%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$141.0K−$20.1M$10.2M$6.4M−$13.4M−$92.3M−$20.5M$3.4M
YoY growthTurned profit−23.3%Loss widenedLoss widenedTurned loss−46.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $4.8M · Total debt $110.1M · Total assets $1.55B · Shareholders' equity $60.8M

Revenue
$8.7M
Operating income
$3.4M
Net income
−$4.2M
View details

Dividend yield
1.83%
Next ex-date
Feb 21, 27
estimated · in 151 days
Annual dividend
$0.06
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yield

Nov '25Mar '26May '26Aug '26
Dividend$0.03$0.03$0.03$0.03
Annual yield0.39%1.75%2.60%3.63%
Ex-dateNov 25Mar 30May 26Aug 21
Payment dateDec 11Apr 15Jun 10Aug 31
View details

Institutions22.15%2.48M shares
32 holders · as of Jun 30, 2026
Insiders8.08%903.8K shares
12 holders · as of Sep 3, 2026
Other69.77%7.81M shares
remainder

11.19M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Vanguard Capital Management LLCInstitution
5.33%596,446as of Jun 30, 2026
JB Capital Partners LPInstitution
4.78%534,729as of Jun 30, 2026
Edward J. GoldthorpeInsiderdirector, officer: Chief Executive Officer
2.66%297,339filed Jun 23, 2026
Hightower Advisors, LLCInstitution
2.56%286,393as of Jun 30, 2026
FIL LtdInstitution
1.76%197,397as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 2, 2026Brandon Satorenofficer: Chief Financial Officer+1,000$3.24
Aug 19, 2026David Heldofficer: Chief Compliance Officer+946$3.39
Aug 20, 2026Brandon Satorenofficer: Chief Financial Officer+500$3.20
Aug 18, 2026Brandon Satorenofficer: Chief Financial Officer+1,000$3.02
Aug 17, 2026Brandon Satorenofficer: Chief Financial Officer+1,000$3.13
View details

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Compare

CompanyPriceChange
Mount Logan Capital$3.18−2.75%$36.5M−83.7%
Apollo Global Management$124.19+0.03%$71.51B27.812.72.0+63.7%
KKR$96.74−1.73%$88.39B31.013.74.2−44.8%
Ares Management$121.46−2.61%$40.96B51.818.86.4+5.8%
Brookfield$37.14−1.89%$84.54B67.911.81.1+9.3%
Median41.413.23.1+7.6%