Logan Ridge Finance Co. (NASDAQ:LRFC – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 6,000 shares, a decline of 26.8% from the May 31st total of 8,200 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is currently 2.3 days.
Logan Ridge Finance Stock Up 0.2 %
Logan Ridge Finance stock traded up $0.04 during trading hours on Friday, reaching $22.40. The stock had a trading volume of 3,584 shares, compared to its average volume of 2,034. The company has a market cap of $60.03 million, a price-to-earnings ratio of -131.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50 day moving average price is $22.35 and its 200-day moving average price is $22.48. Logan Ridge Finance has a 52 week low of $19.80 and a 52 week high of $23.63.
Logan Ridge Finance (NASDAQ:LRFC – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.35 EPS for the quarter. The business had revenue of $5.00 million during the quarter. Logan Ridge Finance had a net margin of 0.10% and a return on equity of 4.04%. Sell-side analysts anticipate that Logan Ridge Finance will post 1.4 EPS for the current year.
Logan Ridge Finance Increases Dividend
Hedge Funds Weigh In On Logan Ridge Finance
Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in shares of 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 in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Logan Ridge Finance during the fourth quarter valued at about $971,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Logan Ridge Finance by 0.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 170,968 shares of the company’s stock valued at $3,845,000 after acquiring an additional 601 shares in the last quarter. Institutional investors and hedge funds 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.
Featured Stories
- Five stocks we like better than Logan Ridge Finance
- How Investors Can Find the Best Cheap Dividend Stocks
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What is Short Interest? How to Use It
- MarketBeat Week in Review – 6/24 – 6/28
- What is the NASDAQ Stock Exchange?
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Logan Ridge Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logan Ridge Finance and related companies with MarketBeat.com's FREE daily email newsletter.