Insider Buying: Mill City Ventures III, Ltd. (NASDAQ:MCVT) CEO Buys $19,200.00 in Stock

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

Mill City Ventures III Stock Performance

NASDAQ MCVT opened at $1.91 on Monday. The business has a fifty day moving average price of $2.41 and a 200 day moving average price of $2.28. Mill City Ventures III, Ltd. has a one year low of $1.65 and a one year high of $3.88. The company 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 (NASDAQ:MCVT) last posted 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 firm 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.