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

Logan Ridge Finance Co. (NASDAQ:LRFC) was the target of a large 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 daily volume of 8,000 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Logan Ridge Finance Stock Up 0.4 %

Shares of LRFC traded up $0.09 during trading hours on Monday, hitting $22.00. The company had a trading volume of 6,942 shares, compared to its average volume of 5,408. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $58.43 million, a PE ratio of -17.46 and a beta of 1.23. Logan Ridge Finance has a one year low of $20.65 and a one year high of $26.00. The company’s fifty day moving average price is $24.10 and its two-hundred day moving average price is $24.46.

Logan Ridge Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Monday, March 24th. Logan Ridge Finance’s dividend payout ratio (DPR) is presently -2,880.00%.

Institutional Trading of Logan Ridge Finance

A hedge fund recently bought a new stake in Logan Ridge Finance stock. Repertoire Partners LP purchased a new stake in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) in the 3rd quarter, according to its most recent 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 makes up 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 reporting period. Institutional investors own 30.87% of the company’s stock.

About Logan Ridge Finance

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.