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 bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price 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 in the company, valued at $598,746.24. This represents a 3.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mill City Ventures III Stock Down 0.3 %

Shares of NASDAQ:MCVT opened at $1.91 on Monday. The business has a fifty day moving average of $2.41 and a two-hundred day moving average of $2.28. The stock has a market cap of $12.22 million, a P/E ratio of -27.34 and a beta of 0.56. Mill City Ventures III, Ltd. has a 52-week low of $1.65 and a 52-week high of $3.88.

Mill City Ventures III (NASDAQ:MCVT) last released its quarterly earnings results on Monday, March 10th. The company reported $0.01 earnings per share 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%.

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.