Logan Ridge Finance (NASDAQ:LRFC) Trading Down 0.4% – What’s Next?

Logan Ridge Finance Co. (NASDAQ:LRFC)’s share price traded down 0.4% during mid-day trading on Tuesday . The company traded as low as $24.78 and last traded at $24.85. 13,844 shares changed hands during mid-day trading, an increase of 83% from the average session volume of 7,561 shares. The stock had previously closed at $24.95.

Logan Ridge Finance Price Performance

The firm has a market capitalization of $66.35 million, a price-to-earnings ratio of -19.72 and a beta of 1.26. The company’s 50 day moving average is $24.62 and its 200 day moving average is $23.94. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Logan Ridge Finance

A hedge fund recently raised its stake in Logan Ridge Finance stock. Empowered Funds LLC increased its position in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,130 shares of the company’s stock after acquiring an additional 670 shares during the period. Empowered Funds LLC owned about 0.53% of Logan Ridge Finance worth $345,000 as of its most recent filing with the Securities and Exchange Commission. 30.87% of the stock is owned by hedge funds and other institutional investors.

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.