Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 4,000 shares, a decline of 33.3% from the February 28th total of 6,000 shares. Based on an average trading volume of 8,000 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.
Institutional Trading of Logan Ridge Finance
An institutional investor recently bought a new position in Logan Ridge Finance stock. Repertoire Partners LP acquired a new position in Logan Ridge Finance Co. (NASDAQ:LRFC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 47,062 shares of the company's stock, valued at approximately $1,168,000. Logan Ridge Finance comprises 1.3% of Repertoire Partners LP's portfolio, making the stock its 14th biggest position. Repertoire Partners LP owned 1.76% of Logan Ridge Finance at the end of the most recent quarter. 30.87% of the stock is owned by hedge funds and other institutional investors.
Logan Ridge Finance Price Performance
LRFC traded down $0.23 during trading on Wednesday, reaching $21.57. The stock had a trading volume of 434 shares, compared to its average volume of 5,385. The business has a 50-day moving average of $24.03 and a 200-day moving average of $24.44. Logan Ridge Finance has a one year low of $20.65 and a one year 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 cap of $57.29 million, a PE ratio of -17.12 and a beta of 1.23.
Logan Ridge Finance Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.68%. Logan Ridge Finance's dividend payout ratio is -2,880.00%.
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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