Logan Ridge Finance Co. (NASDAQ:LRFC) Short Interest Update

Logan Ridge Finance Co. (NASDAQ:LRFC) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 7,600 shares, an increase of 65.2% from the October 31st total of 4,600 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 6,200 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Logan Ridge Finance

A hedge fund recently bought a new stake in Logan Ridge Finance stock. Repertoire Partners LP acquired a new position in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 47,062 shares of the company’s stock, valued at approximately $1,168,000. Logan Ridge Finance makes up 1.3% of Repertoire Partners LP’s investment portfolio, making the stock its 14th biggest holding. Repertoire Partners LP owned approximately 1.76% of Logan Ridge Finance as of its most recent filing with the SEC. 30.87% of the stock is currently owned by institutional investors and hedge funds.

Logan Ridge Finance Stock Up 0.1 %

Shares of NASDAQ LRFC opened at $26.00 on Friday. The firm’s 50-day moving average is $24.73 and its two-hundred day moving average is $23.11. The company has a market capitalization of $69.42 million, a PE ratio of -20.63 and a beta of 1.27. Logan Ridge Finance has a 12-month low of $20.65 and a 12-month high of $26.00. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Tuesday, November 19th. This is a boost from Logan Ridge Finance’s previous quarterly dividend of $0.33. Logan Ridge Finance’s dividend payout ratio is -114.29%.

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.