Logan Ridge Finance Co. (NASDAQ:LRFC – Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 6,000 shares, a growth of 33.3% from the February 13th total of 4,500 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is currently 0.7 days.
Logan Ridge Finance Stock Up 0.2 %
Shares of LRFC stock traded up $0.04 during mid-day trading on Tuesday, hitting $22.70. 338 shares of the stock traded hands, compared to its average volume of 5,375. Logan Ridge Finance has a 52-week low of $20.65 and a 52-week high of $26.00. The stock’s fifty day moving average is $24.46 and its two-hundred day moving average is $24.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $60.53 million, a P/E ratio of -18.01 and a beta of 1.23.
Logan Ridge Finance Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date of this dividend is Monday, March 24th. Logan Ridge Finance’s dividend payout ratio (DPR) is presently -2,880.00%.
Hedge Funds Weigh In On Logan Ridge Finance
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.
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