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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Logan Ridge Finance stock. Repertoire Partners LP purchased a new position in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,062 shares of the company’s stock, valued at approximately $1,168,000. Logan Ridge Finance makes up approximately 1.3% of Repertoire Partners LP’s holdings, making the stock its 14th biggest holding. Repertoire Partners LP owned 1.76% of Logan Ridge Finance at the end of the most recent quarter. 30.87% of the stock is currently owned by institutional investors.

Logan Ridge Finance Trading Down 0.4 %

Shares of LRFC traded down $0.10 during trading hours on Friday, hitting $24.67. 1,641 shares of the stock were exchanged, compared to its average volume of 4,329. The firm has a market capitalization of $65.79 million, a P/E ratio of -19.58 and a beta of 1.26. The business has a 50-day moving average of $25.01 and a 200-day moving average of $23.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12. Logan Ridge Finance has a fifty-two week low of $20.65 and a fifty-two week high of $26.00.

Logan Ridge Finance Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend was Tuesday, November 19th. This is a positive change from Logan Ridge Finance’s previous quarterly dividend of $0.33. Logan Ridge Finance’s payout ratio is -114.29%.

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.