Logan Ridge Finance (NASDAQ:LRFC) Stock Price Down 0.1%

Logan Ridge Finance Co. (NASDAQ:LRFC) shares dropped 0.1% during trading on Thursday . The stock traded as low as $23.26 and last traded at $23.96. Approximately 5,832 shares changed hands during mid-day trading, an increase of 71% from the average daily volume of 3,404 shares. The stock had previously closed at $23.99.

Logan Ridge Finance Stock Down 0.1 %

The company has a market cap of $64.12 million, a price-to-earnings ratio of -140.94 and a beta of 1.28. The stock has a 50-day simple moving average of $22.01 and a 200-day simple moving average of $22.24. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.27.

Logan Ridge Finance (NASDAQ:LRFC) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.28 EPS for the quarter. The business had revenue of $5.37 million for the quarter. Logan Ridge Finance had a negative net margin of 19.44% and a positive return on equity of 3.80%. As a group, analysts predict that Logan Ridge Finance Co. will post 1.36 EPS for the current year.

Logan Ridge Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.33 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.51%. Logan Ridge Finance’s dividend payout ratio (DPR) is presently -776.47%.

Institutional Trading of Logan Ridge Finance

An institutional investor recently raised its position in Logan Ridge Finance stock. Wealth Enhancement Advisory Services LLC increased its holdings in Logan Ridge Finance Co. (NASDAQ:LRFC) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,968 shares of the company’s stock after acquiring an additional 601 shares during the period. Wealth Enhancement Advisory Services LLC owned about 6.38% of Logan Ridge Finance worth $3,845,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.87% of the company’s stock.

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.