Mill City Ventures III, Ltd. (NASDAQ:MCVT) Director Laurence S. Zipkin Buys 5,500 Shares

Mill City Ventures III, Ltd. (NASDAQ:MCVT) Director Laurence S. Zipkin purchased 5,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $1.88 per share, with a total value of $10,340.00. Following the completion of the purchase, the director now directly owns 166,161 shares in the company, valued at approximately $312,382.68. This represents a 3.42 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mill City Ventures III Stock Down 0.3 %

Shares of MCVT opened at $1.91 on Friday. Mill City Ventures III, Ltd. has a 12 month low of $1.65 and a 12 month high of $3.88. The company’s fifty day moving average is $2.41 and its 200-day moving average is $2.29. The firm has a market cap of $12.22 million, a price-to-earnings ratio of -27.34 and a beta of 0.56.

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

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.