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Logan Ridge Finance (NASDAQ:LRFC) Shares Down 0.6% - What's Next?

Logan Ridge Finance logo with Finance background

Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report)'s share price fell 0.6% during mid-day trading on Monday . The company traded as low as $23.64 and last traded at $23.92. 8,240 shares were traded during mid-day trading, an increase of 13% from the average session volume of 7,267 shares. The stock had previously closed at $24.07.

Logan Ridge Finance Trading Down 1.5 %

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 stock has a market cap of $62.91 million, a P/E ratio of -18.70 and a beta of 1.26. The business's fifty day simple moving average is $24.88 and its 200 day simple moving average is $23.69.

Logan Ridge Finance (NASDAQ:LRFC - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $5.15 million for the quarter. Logan Ridge Finance had a positive return on equity of 3.69% and a negative net margin of 16.43%. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, analysts expect that Logan Ridge Finance Co. will post 1.37 EPS for the current year.

Logan Ridge Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were given a $0.36 dividend. This is a boost from Logan Ridge Finance's previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend was Tuesday, November 19th. Logan Ridge Finance's payout ratio is currently -114.29%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Logan Ridge Finance stock. Empowered Funds LLC raised its holdings in Logan Ridge Finance Co. (NASDAQ:LRFC - Free Report) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,130 shares of the company's stock after purchasing an additional 670 shares during the period. Empowered Funds LLC owned approximately 0.53% of Logan Ridge Finance worth $345,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 30.87% of the company's stock.

Logan Ridge Finance Company Profile

(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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