Logan Ridge Finance Co. (NASDAQ:LRFC) Short Interest Up 35.0% in March

Logan Ridge Finance Co. (NASDAQ:LRFC) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 5,400 shares, a growth of 35.0% from the March 15th total of 4,000 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 8,200 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Logan Ridge Finance

A hedge fund recently raised its stake in Logan Ridge Finance stock. Repertoire Partners LP raised its holdings in Logan Ridge Finance Co. (NASDAQ:LRFC) by 101.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,000 shares of the company’s stock after acquiring an additional 47,938 shares during the period. Logan Ridge Finance comprises about 0.9% of Repertoire Partners LP’s investment portfolio, making the stock its 7th largest holding. Repertoire Partners LP owned about 3.56% of Logan Ridge Finance worth $2,374,000 at the end of the most recent quarter. Institutional investors own 30.87% of the company’s stock.

Logan Ridge Finance Trading Up 0.2 %

LRFC opened at $18.02 on Friday. The firm has a 50 day simple moving average of $22.37 and a 200 day simple moving average of $23.90. 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 $17.30 and a fifty-two week high of $26.00. The company has a market cap of $47.86 million, a price-to-earnings ratio of -14.30 and a beta of 0.86.

Logan Ridge Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a $0.36 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.99%. Logan Ridge Finance’s dividend payout ratio is -2,880.00%.

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.