Repertoire Partners LP purchased a new position in shares of Logan Ridge Finance Co. (NASDAQ:LRFC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,062 shares of the company's stock, valued at approximately $1,168,000. Logan Ridge Finance accounts for 1.3% of Repertoire Partners LP's holdings, making the stock its 14th largest position. Repertoire Partners LP owned about 1.76% of Logan Ridge Finance as of its most recent filing with the Securities & Exchange Commission.
Separately, Empowered Funds LLC boosted its position in shares of Logan Ridge Finance by 5.0% during the third quarter. Empowered Funds LLC now owns 14,130 shares of the company's stock worth $345,000 after buying an additional 670 shares during the period. Hedge funds and other institutional investors own 30.87% of the company's stock.
Logan Ridge Finance Trading Up 0.0 %
Shares of LRFC traded up $0.01 during midday trading on Thursday, hitting $24.86. 8,605 shares of the stock were exchanged, compared to its average volume of 4,130. Logan Ridge Finance Co. has a 52-week low of $20.65 and a 52-week high of $26.00. The stock has a fifty day simple moving average of $24.76 and a 200 day simple moving average of $23.16. The firm has a market cap of $66.38 million, a P/E ratio of -19.73 and a beta of 1.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.12 and a current ratio of 0.12.
Logan Ridge Finance Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a $0.36 dividend. The ex-dividend date was Tuesday, November 19th. This is a positive change from Logan Ridge Finance's previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 5.79%. Logan Ridge Finance's dividend payout ratio (DPR) is -114.29%.
About Logan Ridge Finance
(
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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