Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 4,600 shares, a drop of 40.3% from the September 15th total of 7,700 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the shares of the company are short sold.
Logan Ridge Finance Price Performance
Shares of LRFC stock remained flat at $24.40 during midday trading on Friday. The company's stock had a trading volume of 97 shares, compared to its average volume of 8,522. The firm has a market capitalization of $65.29 million, a PE ratio of -143.53 and a beta of 1.28. The company has a debt-to-equity ratio of 1.27, a quick ratio of 3.87 and a current ratio of 3.87. The stock has a 50-day simple moving average of $22.63 and a 200 day simple moving average of $22.44. Logan Ridge Finance has a one year low of $19.82 and a one year high of $25.00.
Logan Ridge Finance (NASDAQ:LRFC - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter. Logan Ridge Finance had a negative net margin of 19.44% and a positive return on equity of 3.80%. The company had revenue of $5.37 million for the quarter. Analysts anticipate that Logan Ridge Finance will post 1.36 EPS for the current year.
Logan Ridge Finance Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Thursday, August 22nd. Logan Ridge Finance's dividend payout ratio is presently -776.47%.
Hedge Funds Weigh In On Logan Ridge Finance
A hedge fund recently raised its stake in Logan Ridge Finance stock. Empowered Funds LLC increased its stake in shares of Logan Ridge Finance Co. (NASDAQ:LRFC - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,560 shares of the company's stock after buying an additional 875 shares during the period. Empowered Funds LLC owned about 0.47% of Logan Ridge Finance worth $282,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 30.87% of the company's stock.
Logan Ridge Finance Company Profile
(
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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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