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

Logan Ridge Finance Co. (NASDAQ:LRFC) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 4,900 shares, a decrease of 16.9% from the November 30th total of 5,900 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Logan Ridge Finance

An institutional investor recently bought a new position in Logan Ridge Finance stock. Repertoire Partners LP bought a new stake in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 47,062 shares of the company’s stock, valued at approximately $1,168,000. Logan Ridge Finance accounts for approximately 1.3% of Repertoire Partners LP’s investment portfolio, making the stock its 14th biggest holding. Repertoire Partners LP owned about 1.76% of Logan Ridge Finance at the end of the most recent quarter. Institutional investors own 30.87% of the company’s stock.

Logan Ridge Finance Price Performance

NASDAQ LRFC traded down $0.37 on Monday, reaching $24.30. The company’s stock had a trading volume of 636 shares, compared to its average volume of 4,314. The firm’s 50 day moving average is $25.01 and its two-hundred day moving average is $23.47. The stock has a market cap of $64.81 million, a PE ratio of -19.29 and a beta of 1.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.12 and a current ratio of 0.12. Logan Ridge Finance has a twelve month low of $20.65 and a twelve month high of $26.00.

Logan Ridge Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 19th. This is an increase from Logan Ridge Finance’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 5.93%. Logan Ridge Finance’s payout ratio is presently -114.29%.

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.