Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 6,000 shares, a growth of 33.3% from the February 13th total of 4,500 shares. Based on an average trading volume of 8,200 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold.
Logan Ridge Finance Stock Performance
Shares of LRFC stock traded down $0.05 during mid-day trading on Thursday, hitting $22.74. 1,863 shares of the stock were exchanged, compared to its average volume of 5,377. Logan Ridge Finance has a 12-month low of $20.65 and a 12-month high of $26.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $60.63 million, a price-to-earnings ratio of -18.04 and a beta of 1.23. The stock's fifty day simple moving average is $24.39 and its two-hundred day simple moving average is $24.40.
Logan Ridge Finance Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 6.33%. The ex-dividend date is Monday, March 24th. Logan Ridge Finance's dividend payout ratio (DPR) is -2,880.00%.
Institutional Investors Weigh In On Logan Ridge Finance
Several large investors have recently modified their holdings of LRFC. Empowered Funds LLC raised its position in Logan Ridge Finance by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 14,130 shares of the company's stock valued at $345,000 after purchasing an additional 670 shares during the last quarter. Repertoire Partners LP acquired a new position in Logan Ridge Finance in the third quarter valued at $1,168,000. Finally, Bulldog Investors LLP increased its stake in Logan Ridge Finance by 58.9% in the fourth 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. 30.87% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
Before you consider Logan Ridge Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Logan Ridge Finance wasn't on the list.
While Logan Ridge Finance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
