Mill City Ventures III, Ltd. (NASDAQ:MCVT) CEO Douglas Michael Polinsky Acquires 10,000 Shares

Mill City Ventures III, Ltd. (NASDAQ:MCVT) CEO Douglas Michael Polinsky purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $1.92 per share, for a total transaction of $19,200.00. Following the purchase, the chief executive officer now directly owns 311,847 shares in the company, valued at approximately $598,746.24. This represents a 3.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mill City Ventures III Price Performance

Shares of NASDAQ:MCVT opened at $1.91 on Friday. The business’s 50 day simple moving average is $2.41 and its 200-day simple moving average is $2.28. The firm has a market capitalization of $12.22 million, a price-to-earnings ratio of -27.34 and a beta of 0.56. Mill City Ventures III, Ltd. has a 12 month low of $1.65 and a 12 month high of $3.88.

Mill City Ventures III (NASDAQ:MCVT) last announced 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 for 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.