Wealth Enhancement Advisory Services LLC Has $4 Million Stake in Logan Ridge Finance Co. (NASDAQ:LRFC)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,135 shares of the company’s stock after selling 2,100 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 6.02% of Logan Ridge Finance worth $4,001,000 at the end of the most recent quarter.

Separately, Empowered Funds LLC boosted its holdings in Logan Ridge Finance by 7.5% during the first quarter. Empowered Funds LLC now owns 12,560 shares of the company’s stock valued at $282,000 after acquiring an additional 875 shares during the period. Hedge funds and other institutional investors own 30.87% of the company’s stock.

Logan Ridge Finance Stock Up 2.0 %

LRFC stock opened at $25.50 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 Co. has a 52-week low of $19.82 and a 52-week high of $25.74. The company has a 50-day moving average of $23.44 and a two-hundred day moving average of $22.65. The stock has a market capitalization of $68.24 million, a price-to-earnings ratio of -17.11 and a beta of 1.28.

Logan Ridge Finance (NASDAQ:LRFC) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter. Logan Ridge Finance had a negative net margin of 19.44% and a positive return on equity of 3.80%. The company had revenue of $5.37 million during the quarter. As a group, equities research analysts anticipate that Logan Ridge Finance Co. will post 1.36 EPS for the current year.

Logan Ridge Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Thursday, August 22nd. Logan Ridge Finance’s dividend payout ratio (DPR) is -88.59%.

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.