Mount Logan Capital Inc.
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Range $8 – $8
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About the company
Mount Logan Capital Inc. , through its subsidiaries, provides asset management and insurance solutions in the United States. It operates in two segments, Asset Management and Insurance Solutions.
- CEO
- Edward Joseph Goldthorpe
- IPO
- 1983
- Employees
- 3
- HQ
- New York, NY, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $35.13M
- P/E
- -0.43
- Fwd P/E
- 20.26
- PEG
- 0.07
- P/S
- -0.33
- P/B
- 0.58
- EV/EBITDA
- -2.86
- Div Yield
- 2.87%
- Gross Margin
- 86.64%
- Op Margin
- 114.79%
- Net Margin
- 50.79%
- ROE
- -61.99%
- ROIC
- -273.88%
Latest fiscal year · YoY change
- Revenue
- $-12,421,000-106.3%
- Gross Profit
- $-59,680,000-197.8%
- Op Income
- $-89,063,000
- Net Income
- $-60,847,000-1188.7%
- EPS
- $-7.08-3318.2%
- OCF Growth
- -179.8%
- FCF Growth
- -179.8%
- 52W High
- $8.74
- 52W Low
- $2.56
- 50D MA
- $3.17
- 200D MA
- $5.26
- Beta
- 0.27
- RSI (14)
- 50
- Avg Volume
- 35.21K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Mount Logan posted higher segment income and improved profitability, with management pointing to Yieldstreet, direct insurance origination, and M&A as key second-half and 2027 growth drivers.· August 12, 2026
- Segment income rose to $4.3 million from $3.3 million in Q1, with FRE up to $1.4 million and SRE up to $2.9 million.
- Net loss improved to about $4.2 million from $6.0 million in the prior quarter, mainly due to lower expenses.
- Ability received an AM Best B+ financial strength rating and BBB- issuer credit rating, then launched its initial multiyear guaranteed annuity products.
- Yieldstreet shareholders approved the deal; management expects closing in Q3 and said it could add at least $2.8 million of run-rate FRE annually.
- Management said the M&A pipeline is the largest it has been and expects to be active over the next 6 to 12 months.
Total revenue in Q2 2026 was $8.7 million. The company reported a net loss of approximately $4.2 million, an improvement of $1.8 million versus the $6.0 million net loss in Q1. Segment income increased to $4.3 million from $3.2 million in the prior quarter; FRE was $1.4 million versus $1.2 million, and SRE was $2.9 million versus $2.0 million. Asset management revenue was $2.3 million versus $2.5 million in Q1, and insurance net investment income was $18.5 million, down $1.7 million or 8% sequentially. The insurance portfolio generated a 6.2% yield, or 6.6% excluding funds withheld, and insurance AUM increased to almost $1 billion, up $126 million year over year. Cash, restricted cash, and cash equivalents including VIEs were approximately $92.3 million. The board approved a quarterly dividend of $0.03 per share, the 28th consecutive quarter of dividends. For the second half of 2026, management expects FRE to begin inflecting, with Yieldstreet closing in Q3 and benefits starting in Q4 and ramping into 2027. Management said Yieldstreet is expected to nearly double SOFIX net assets, add over $100 million to the fund, and unlock at least $2.8 million of annual run-rate FRE, or about 30% growth versus 2025 run-rate FRE.
Ted Goldthorpe framed the quarter as another step toward a larger, more durable earnings base built on integrated asset management and insurance. He highlighted three recent milestones: the AM Best rating for Ability, the launch of direct annuity origination, and shareholder approval of the Yieldstreet acquisition. His tone was confident and expansionary, repeatedly saying the platform should see more meaningful earnings contribution in the second half of 2026 and into 2027.
Brandon Satoren said the quarter benefited from lower expenses, which helped cut the net loss to about $4.2 million from $6.0 million in Q1. He pointed to $92.3 million of cash, restricted cash, and cash equivalents including VIEs, and said the balance sheet has limited near-term debt maturities. On the operating side, he noted insurance net investment income of $18.5 million, FRE of $1.4 million, and SRE of $2.9 million, and said expense discipline, growing fee-earning AUM, and better mix are key to improving earnings. He also said several strategic initiatives are not yet fully flowing through the financials, with more visible impact expected in the second half of 2026 and 2027.
Analysts focused on the second-half outlook, whether M&A remains a priority after Yieldstreet, and what direct insurance writing changes for the business. Management said FRE should begin to inflect as Yieldstreet closes and Ability starts direct writing, and said the M&A pipeline is larger than ever with many small managers struggling to scale. On insurance, management said direct writing should improve control over flows and pricing, lower liability costs versus reinsurance, and allow future product expansion beyond MYGAs, including possible FIA and RILA products. On SRE, management said roughly $600 thousand to $700 thousand of the quarter’s benefit came from the Guardian assumption update, with the longer-term goal of reducing legacy LTC volatility.
The positive case from the call is that multiple growth drivers are now turning on at once: Yieldstreet, direct annuity origination, improved SOFIX distribution, and continued insurance AUM growth. Management sounded confident that these initiatives should lift FRE in the second half of 2026 and more meaningfully in 2027, while higher rates and benign credit conditions were described as favorable.
The main risks are that many of the growth initiatives are still early and have not yet flowed through to reported results, so earnings remain dependent on execution. Management also flagged ongoing pressure from legacy noncore vehicles, elevated liability costs in annuities, and volatility from the long-term care blocks that affect SRE. Additionally, they noted private credit transaction volumes were lower and the market remains selective.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 23.0%
- Shares Outstanding
- 11.19M
- Float Shares
- 2.57M
of shares held by institutions
29 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 576.81K | ▲ 576.81K |
| Motiv8 Investments LLC | 94 | ▲ 94 |
| Gill Capital Partners, LLC | 9 | ▲ 9 |
Held by 21 ETFs
Biggest fund positions in MLCI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 18, 26 | Satoren Brandon | buy | 1,000 |
| Aug 17, 26 | Satoren Brandon | buy | 1,000 |
| Jun 22, 26 | REINFRANK RUDOLPH R | other | 57,554 |
| Jun 22, 26 | Ratchford Buckley T. | other | 57,554 |
| Jun 22, 26 | Allen David Brian | other | 57,554 |
| Jun 22, 26 | Weil Parker Anders | other | 57,554 |
| Jun 22, 26 | Liak Yuan Yi Sabrina | other | 57,554 |
| Jun 22, 26 | Westwood Matthew Joseph | other | 57,554 |
| Jun 22, 26 | Goldthorpe Edward J. | buy | 7,970 |
| May 26, 26 | Mangum Jordan | buy | 2,115 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our MLCI coverage
Recent articles, reports, and earnings notes.
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Generate MLCI report →Mount Logan Capital Inc. Establishes Direct Insurance Origination
globenewswire.com · Aug 13
Mount Logan Capital Inc. (MLCI) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 12
Ability Insurance Company Launches Initial Suite of Multi-Year Guaranteed Annuity Products
globenewswire.com · Aug 12
Mount Logan Capital Inc. Announces Second Quarter 2026 Financial Results
globenewswire.com · Aug 11
Mount Logan Capital Inc. Schedules Release of Second Quarter 2026 Results
globenewswire.com · Aug 5
Mount Logan Capital Inc. Announces Receipt of AM Best Rating for Ability Insurance Company
globenewswire.com · Jul 27
Mount Logan Capital Inc. to Join the Russell Microcap® Index
globenewswire.com · Jun 26
Mount Logan Capital Inc. Announces First Quarter 2026 Financial Results
globenewswire.com · May 14
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