Logan Ridge Finance (LRFC) Set to Announce Earnings on Wednesday

Logan Ridge Finance (NASDAQ:LRFC) is set to post its quarterly earnings results after the market closes on Wednesday, November 8th. Individual interested in listening to the company’s earnings conference call can do so using this link.

Logan Ridge Finance (NASDAQ:LRFC) last announced its earnings results on Wednesday, August 9th. The company reported $0.39 EPS for the quarter. Logan Ridge Finance had a negative net margin of 18.75% and a positive return on equity of 3.06%. The company had revenue of $5.34 million for the quarter. On average, analysts expect Logan Ridge Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Logan Ridge Finance Stock Up 0.5 %

Shares of LRFC opened at $21.05 on Monday. Logan Ridge Finance has a 12 month low of $18.50 and a 12 month high of $25.00. The firm’s 50 day moving average is $20.89 and its 200-day moving average is $20.79. The stock has a market capitalization of $56.65 million, a PE ratio of -14.72 and a beta of 1.36. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14.

Logan Ridge Finance Increases Dividend

The firm also recently announced a Variable dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 21st. This is a boost from Logan Ridge Finance’s previous Variable dividend of $0.22. This represents a dividend yield of 4.1%. Logan Ridge Finance’s dividend payout ratio (DPR) is currently -72.73%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its stake in Logan Ridge Finance by 550.0% in the second quarter. Osaic Holdings Inc. now owns 1,300 shares of the company’s stock valued at $27,000 after acquiring an additional 1,100 shares during the last quarter. UBS Group AG increased its stake in Logan Ridge Finance by 303.2% in the second quarter. UBS Group AG now owns 1,649 shares of the company’s stock valued at $26,000 after acquiring an additional 1,240 shares during the last quarter. Captrust Financial Advisors bought a new position in Logan Ridge Finance in the second quarter valued at approximately $49,000. Dakota Wealth Management bought a new position in Logan Ridge Finance in the first quarter valued at approximately $542,000. Finally, Punch & Associates Investment Management Inc. boosted its position in Logan Ridge Finance by 16.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 150,285 shares of the company’s stock valued at $3,126,000 after buying an additional 21,499 shares in the last quarter. 23.31% of the stock is owned by institutional investors.

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.