Logan Ridge Finance Co. (NASDAQ:LRFC) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170,968 shares of the company’s stock after purchasing an additional 601 shares during the period. Wealth Enhancement Advisory Services LLC owned 6.38% of Logan Ridge Finance worth $3,845,000 at the end of the most recent reporting period.

Separately, International Assets Investment Management LLC purchased a new position in shares of Logan Ridge Finance in the 4th quarter worth about $971,000. 30.87% of the stock is owned by institutional investors.

Logan Ridge Finance Stock Down 0.2 %

Shares of NASDAQ:LRFC opened at $22.57 on Wednesday. The stock has a 50-day simple moving average of $22.37 and a 200-day simple moving average of $22.49. The stock has a market capitalization of $60.49 million, a P/E ratio of -132.76 and a beta of 1.31. Logan Ridge Finance Co. has a 1 year low of $19.82 and a 1 year high of $23.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.12 and a current ratio of 0.12.

Logan Ridge Finance (NASDAQ:LRFC) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter. Logan Ridge Finance had a net margin of 0.10% and a return on equity of 4.04%. The company had revenue of $5.00 million during the quarter. Equities analysts forecast that Logan Ridge Finance Co. will post 1.4 earnings per share for the current year.

Logan Ridge Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 20th. This is a positive change from Logan Ridge Finance’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 5.85%. Logan Ridge Finance’s dividend payout ratio (DPR) is -776.47%.

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.