Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report) shares were down 0.4% on Tuesday . The company traded as low as $24.78 and last traded at $24.85. Approximately 13,844 shares traded hands during trading, an increase of 83% from the average daily volume of 7,561 shares. The stock had previously closed at $24.95.
Logan Ridge Finance Price Performance
The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.11. The business's 50 day moving average price is $24.62 and its two-hundred day moving average price is $23.97. The stock has a market cap of $66.47 million, a P/E ratio of -19.76 and a beta of 1.26.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Logan Ridge Finance stock. Empowered Funds LLC grew its position in Logan Ridge Finance Co. (NASDAQ:LRFC - Free Report) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,130 shares of the company's stock after purchasing an additional 670 shares during the quarter. Empowered Funds LLC owned approximately 0.53% of Logan Ridge Finance worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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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