Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 4,500 shares, a decrease of 47.7% from the January 31st total of 8,600 shares. Based on an average daily trading volume, of 8,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company's shares are short sold.
Logan Ridge Finance Trading Up 1.0 %
Shares of Logan Ridge Finance stock traded up $0.24 on Wednesday, hitting $24.54. 652 shares of the company's stock traded hands, compared to its average volume of 5,237. The company has a fifty day moving average of $24.56 and a two-hundred day moving average of $24.25. Logan Ridge Finance has a one year low of $20.65 and a one year high of $26.00. The company has a market capitalization of $65.45 million, a price-to-earnings ratio of -19.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12.
Institutional Trading of Logan Ridge Finance
A number of institutional investors have recently added to or reduced their stakes in LRFC. Bulldog Investors LLP boosted its holdings in Logan Ridge Finance by 58.9% in the 4th quarter. Bulldog Investors LLP now owns 219,366 shares of the company's stock valued at $5,446,000 after purchasing an additional 81,300 shares during the period. Repertoire Partners LP boosted its position in shares of Logan Ridge Finance by 101.9% during the 4th quarter. Repertoire Partners LP now owns 95,000 shares of the company's stock valued at $2,374,000 after acquiring an additional 47,938 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Logan Ridge Finance by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 14,130 shares of the company's stock valued at $345,000 after acquiring an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 30.87% of the company's stock.
About Logan Ridge Finance
(
Get Free Report)
Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies.
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