Insider Buying: Mill City Ventures III, Ltd. (NASDAQ:MCVT) CEO Buys 10,000 Shares of Stock

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

Mill City Ventures III Price Performance

Shares of MCVT stock traded up $0.03 during trading hours on Friday, reaching $1.95. 135,429 shares of the company’s stock were exchanged, compared to its average volume of 101,362. The company’s 50 day moving average is $2.41 and its two-hundred day moving average is $2.29. The company has a market cap of $12.45 million, a P/E ratio of -27.85 and a beta of 0.56. Mill City Ventures III, Ltd. has a 1 year low of $1.65 and a 1 year high of $3.88.

Mill City Ventures III (NASDAQ:MCVT) last posted its quarterly earnings results on Monday, March 10th. The company reported $0.01 EPS for the quarter. The business 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%.

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.