Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Mar 22, 2024 (filed on Mar 25, 2024)Insider Name:Herridge, Gordon JamesOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:814Price:$15.75
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Mar 21, 2024 (filed on Mar 26, 2024)Insider Name:Coke, JohnOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:15 - Acquisition or disposition under a prospectus# or value acquired/disposed of:2,036Price:$15.40
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Mar 21, 2024 (filed on Mar 26, 2024)Insider Name:Coke, JohnOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:15 - Acquisition or disposition under a prospectus# or value acquired/disposed of:459Price:$15.40
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Mar 21, 2024 (filed on Mar 26, 2024)Insider Name:Coke, JohnOwnership Type:Direct OwnershipSecurities:Common SharesNature of Transaction:15 - Acquisition or disposition under a prospectus# or value acquired/disposed of:7,505Price:$15.40
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Mar 21, 2024 (filed on Mar 22, 2024)Insider Name:Pinto, SylviaOwnership Type:Direct OwnershipSecurities:Performance Deferred Share UnitsNature of Transaction:56 - Grant of rights# or value acquired/disposed of:411Price:$15.62
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Mar 21, 2024 (filed on Mar 22, 2024)Insider Name:Brown, Carl ScottOwnership Type:Direct OwnershipSecurities:Performance Share UnitsNature of Transaction:59 - Exercise for cash# or value acquired/disposed of:-4,766Price:$15.62
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Mar 21, 2024 (filed on Mar 22, 2024)Insider Name:Brown, Carl ScottOwnership Type:Direct OwnershipSecurities:Performance Share UnitsNature of Transaction:56 - Grant of rights# or value acquired/disposed of:1,315Price:$15.62
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Mar 21, 2024 (filed on Mar 22, 2024)Insider Name:Pinto, SylviaOwnership Type:Direct OwnershipSecurities:Restricted Share UnitsNature of Transaction:59 - Exercise for cash# or value acquired/disposed of:-1,078Price:--
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Mar 21, 2024 (filed on Mar 22, 2024)Insider Name:Rahim, AlyshaOwnership Type:Direct OwnershipSecurities:Performance Share UnitsNature of Transaction:59 - Exercise for cash# or value acquired/disposed of:-313Price:--
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Mar 21, 2024 (filed on Mar 22, 2024)Insider Name:Rahim, AlyshaOwnership Type:Direct OwnershipSecurities:Restricted Share UnitsNature of Transaction:59 - Exercise for cash# or value acquired/disposed of:-313Price:--
Filings by filing date
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Mar 21, 2024 (filed on Mar 26, 2024)Insider Name:Coke, JohnOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:15 - Acquisition or disposition under a prospectus# or value acquired/disposed of:2,036Price:$15.40
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Mar 21, 2024 (filed on Mar 26, 2024)Insider Name:Coke, JohnOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:15 - Acquisition or disposition under a prospectus# or value acquired/disposed of:459Price:$15.40
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Mar 21, 2024 (filed on Mar 26, 2024)Insider Name:Coke, JohnOwnership Type:Direct OwnershipSecurities:Common SharesNature of Transaction:15 - Acquisition or disposition under a prospectus# or value acquired/disposed of:7,505Price:$15.40
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Mar 22, 2024 (filed on Mar 25, 2024)Insider Name:Herridge, Gordon JamesOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:814Price:$15.75
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Mar 14, 2024 (filed on Mar 25, 2024)Insider Name:Coulter, DonaldOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:30 - Acquisition or disposition under a purchase/ownership plan# or value acquired/disposed of:139Price:$16.19
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Feb 28, 2024 (filed on Mar 25, 2024)Insider Name:Coulter, DonaldOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:30 - Acquisition or disposition under a purchase/ownership plan# or value acquired/disposed of:137Price:$16.47
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Feb 14, 2024 (filed on Mar 25, 2024)Insider Name:Coulter, DonaldOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:30 - Acquisition or disposition under a purchase/ownership plan# or value acquired/disposed of:136Price:$16.51
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Mar 20, 2024 (filed on Mar 25, 2024)Insider Name:KingSett Canadian Real Estate Income Fund LP, By its general partner KingSett Canadian Real EstateOwnership Type:Direct OwnershipSecurities:Common SharesNature of Transaction:15 - Acquisition or disposition under a prospectus# or value acquired/disposed of:500,000Price:$15.40
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Mar 21, 2024 (filed on Mar 22, 2024)Insider Name:Pinto, SylviaOwnership Type:Direct OwnershipSecurities:Performance Deferred Share UnitsNature of Transaction:56 - Grant of rights# or value acquired/disposed of:411Price:$15.62
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Mar 21, 2024 (filed on Mar 22, 2024)Insider Name:Brown, Carl ScottOwnership Type:Direct OwnershipSecurities:Performance Share UnitsNature of Transaction:59 - Exercise for cash# or value acquired/disposed of:-4,766Price:$15.62
News
Biz Brief
Sector: Financials | Industry: Consumer Lending |
Company Contact | |
Address: | 200 King Street West, Suite 600 TORONTO ON M5H 3T4 |
Tel: | N/A |
Website: | https://mcanfinancial.com |
IR: | See website |
Key People | ||
Karen H. Weaver President, Chief Executive Officer, Director | Floriana G. Cipollone Chief Financial Officer, Senior Vice President | Avish Buck Chief Operating Officer, Senior Vice President |
Carl Brown Senior Vice President - Investments and Corporate Development | Aaron Corr Chief Risk Officer, Vice President | Michelle Liotta Vice President of Human Resources |
Business Overview |
MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions. |
Financial Overview |
For the fiscal year ended 31 December 2023, MCAN Mortgage Corp revenues increased 50% to C$245.9M. Net income increased 40% to C$77.5M. Revenues reflect Mortgage interest- Net Investment Income increase of 64% to C$166M, Mortgage interest - Securitization Incom increase of 25% to C$39.3M, Interest on cash and other income increase from C$1.5M to C$4.1M. |
Employees: | 128 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $4,680M as of Dec 31, 2023 |
Annual revenue (TTM): | $245.88M as of Dec 31, 2023 |
EBITDA (TTM): | $78.97M as of Dec 31, 2023 |
Net annual income (TTM): | $77.50M as of Dec 31, 2023 |
Free cash flow (TTM): | -$95.59M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $4,121M as of Dec 31, 2023 |
Shares outstanding: | 35,695,267 as of Feb 23, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |