The Marygold Companies acquires 7.95% stake in MCHC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2024
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Acquisition Announcement: The Marygold Companies has acquired a 7.95% stake in Midland Capital Holdings Corporation for $1.8 million, which includes holding warrants for additional shares.
Strategic Focus: This investment aligns with TMC's strategy to concentrate on the financial services and fintech sectors, following recent acquisitions of UK-based investment advisory firms and their established ETF management subsidiary.
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Analyst Views on MGLD
About MGLD
The Marygold Companies, Inc. operates through its subsidiaries, who are engaged in varied business activities, financial services, food manufacturing, printing, and beauty products, under the trade names USCF Investments, Marygold & Co., Step-By-Step Financial Planners, Marygold & Co. Limited, Gourmet Foods, Printstock Products, and Original Sprout, respectively. Its segments include Fund Management, Food Products, Beauty Products, Financial Services, and Corporate Headquarters. Its primary business focus is the financial services industry, including exchange trade funds (ETF) management. USCF Investments provides fund management services to exchange-traded funds and (ETFs). Food Products manufactures and distributes meat pies on a commercial scale and prints specialty wrappers for the food industry in New Zealand and Australia. Beauty Products is engaged in the wholesale distribution of hair and skin care products on a global scale.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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