tiprankstipranks
Trending News
More News >

Wilmington Capital Reports 2024 Financial Results and Strategic Outlook

Story Highlights

Wilmington Cap A NV ( ($TSE:WCM.A) ) just unveiled an update.

Wilmington Capital Management Inc. reported a net loss of $0.9 million for the fourth quarter of 2024, but a net income of $0.4 million for the entire year. The company has been actively monetizing its investments since August 2023, simplifying its business model, and returning capital to shareholders, including a dividend and capital return of $2.75 per share in May 2024. With approximately $36 million in cash, Wilmington is exploring options to provide further liquidity to shareholders, which may involve scaling its public platform or other strategies.

More about Wilmington Cap A NV

YTD Price Performance: -9.09%

Average Trading Volume: 825

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$30.63M

For an in-depth examination of WCM.A stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App