Laurence S. Zipkin Acquires 5,500 Shares of Mill City Ventures III, Ltd. (NASDAQ:MCVT) Stock

Mill City Ventures III, Ltd. (NASDAQ:MCVT) Director Laurence S. Zipkin bought 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $1.88 per share, for a total transaction of $10,340.00. Following the completion of the purchase, the director now owns 166,161 shares of the company’s stock, valued at $312,382.68. This trade represents a 3.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mill City Ventures III Trading Down 0.3 %

Shares of MCVT stock opened at $1.91 on Monday. Mill City Ventures III, Ltd. has a 12 month low of $1.65 and a 12 month high of $3.88. The stock has a market cap of $12.22 million, a PE ratio of -27.34 and a beta of 0.56. The company’s fifty day moving average price is $2.41 and its 200-day moving average price is $2.28.

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