Logan Ridge Finance Co. (NASDAQ:LRFC - Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,600 shares, a growth of 65.2% from the October 31st total of 4,600 shares. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company's shares are sold short.
Hedge Funds Weigh In On Logan Ridge Finance
An institutional investor recently raised its position in Logan Ridge Finance stock. Empowered Funds LLC grew its holdings in Logan Ridge Finance Co. (NASDAQ:LRFC - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,130 shares of the company's stock after buying an additional 670 shares during the quarter. Empowered Funds LLC owned approximately 0.53% of Logan Ridge Finance worth $345,000 at the end of the most recent quarter. Institutional investors own 30.87% of the company's stock.
Logan Ridge Finance Trading Up 0.1 %
Logan Ridge Finance stock traded up $0.02 during trading hours on Friday, reaching $26.00. The company had a trading volume of 12,345 shares, compared to its average volume of 4,077. The firm has a market cap of $69.42 million, a price-to-earnings ratio of -20.63 and a beta of 1.27. Logan Ridge Finance has a 12-month low of $20.65 and a 12-month high of $26.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12. The company has a 50-day moving average price of $24.71 and a 200 day moving average price of $23.09.
Logan Ridge Finance Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a positive change from Logan Ridge Finance's previous quarterly dividend of $0.33. Logan Ridge Finance's dividend payout ratio (DPR) is -114.29%.
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.
Read More
Before you consider Logan Ridge Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Logan Ridge Finance wasn't on the list.
While Logan Ridge Finance currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
