Logan Ridge Finance Co. (NASDAQ:LRFC) Short Interest Update

Logan Ridge Finance Co. (NASDAQ:LRFC) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 4,600 shares, a decline of 40.3% from the September 15th total of 7,700 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Logan Ridge Finance

An institutional investor recently raised its position in Logan Ridge Finance stock. Wealth Enhancement Advisory Services LLC raised its stake in Logan Ridge Finance Co. (NASDAQ:LRFC) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,968 shares of the company’s stock after acquiring an additional 601 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 6.38% of Logan Ridge Finance worth $3,845,000 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 Stock Up 1.7 %

Logan Ridge Finance stock opened at $24.40 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 3.87 and a quick ratio of 3.87. Logan Ridge Finance has a 1-year low of $19.82 and a 1-year high of $25.00. The company has a market cap of $65.29 million, a PE ratio of -143.53 and a beta of 1.28. The stock’s 50 day moving average price is $22.63 and its 200 day moving average price is $22.44.

Logan Ridge Finance (NASDAQ:LRFC) last posted its earnings results on Thursday, August 8th. The company reported $0.28 EPS for the quarter. The company had revenue of $5.37 million for the quarter. Logan Ridge Finance had a positive return on equity of 3.80% and a negative net margin of 19.44%. On average, sell-side analysts predict that Logan Ridge Finance will post 1.36 EPS for the current fiscal year.

Logan Ridge Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 5.41%. Logan Ridge Finance’s payout ratio is -776.47%.

Logan Ridge Finance Company Profile

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.