Logan Ridge Finance (NASDAQ:LRFC) Trading Down 0.6% – Here’s Why

Logan Ridge Finance Co. (NASDAQ:LRFC)’s stock price traded down 0.6% during mid-day trading on Monday . The stock traded as low as $23.64 and last traded at $23.92. 8,240 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 7,267 shares. The stock had previously closed at $24.07.

Logan Ridge Finance Stock Performance

The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $65.36 million, a P/E ratio of -19.43 and a beta of 1.26. The stock has a fifty day simple moving average of $24.85 and a 200-day simple moving average of $23.70.

Logan Ridge Finance (NASDAQ:LRFC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.37 earnings per share for the quarter. The business had revenue of $5.15 million for the quarter. Logan Ridge Finance had a negative net margin of 16.43% and a positive return on equity of 3.69%. During the same quarter in the prior year, the company earned $0.43 earnings per share. Equities analysts forecast that Logan Ridge Finance Co. will post 1.37 EPS for the current year.

Logan Ridge Finance Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date 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 currently -114.29%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Logan Ridge Finance stock. Repertoire Partners LP acquired a new stake in Logan Ridge Finance Co. (NASDAQ:LRFC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 47,062 shares of the company’s stock, valued at approximately $1,168,000. Logan Ridge Finance makes up about 1.3% of Repertoire Partners LP’s holdings, making the stock its 14th biggest position. Repertoire Partners LP owned 1.76% of Logan Ridge Finance at the end of the most recent reporting period. Institutional investors own 30.87% of the company’s stock.

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.