Short Interest in Logan Ridge Finance Co. (NASDAQ:LRFC) Increases By 35.0%

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

Logan Ridge Finance Stock Performance

NASDAQ:LRFC opened at $18.02 on Monday. Logan Ridge Finance has a 1-year low of $17.30 and a 1-year high of $26.00. The firm has a 50 day simple moving average of $22.37 and a 200-day simple moving average of $23.90. The firm has a market cap of $47.86 million, a PE ratio of -14.30 and a beta of 0.86. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 7.99%. The ex-dividend date of this dividend was Monday, March 24th. Logan Ridge Finance’s dividend payout ratio (DPR) is -2,880.00%.

Institutional Investors Weigh In On Logan Ridge Finance

An institutional investor recently raised its position in Logan Ridge Finance stock. Repertoire Partners LP raised its holdings in Logan Ridge Finance Co. (NASDAQ:LRFC) by 101.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,000 shares of the company’s stock after buying an additional 47,938 shares during the quarter. Logan Ridge Finance makes up approximately 0.9% of Repertoire Partners LP’s holdings, making the stock its 7th largest holding. Repertoire Partners LP owned 3.56% of Logan Ridge Finance worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 30.87% of the stock is currently owned by hedge funds and other institutional investors.

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.