Empowered Funds LLC Buys 670 Shares of Logan Ridge Finance Co. (NASDAQ:LRFC)

Empowered Funds LLC grew its stake in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) by 5.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,130 shares of the company’s stock after buying an additional 670 shares during the quarter. Empowered Funds LLC owned approximately 0.53% of Logan Ridge Finance worth $345,000 as of its most recent SEC filing.

Logan Ridge Finance Stock Performance

Logan Ridge Finance stock opened at $25.45 on Tuesday. The business has a 50 day moving average of $24.60 and a 200-day moving average of $23.02. 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 Co. has a 1 year low of $20.65 and a 1 year high of $25.74. The company has a market capitalization of $67.95 million, a P/E ratio of -20.20 and a beta of 1.27.

Logan Ridge Finance Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.44 annualized dividend and a dividend yield of 5.66%. This is an increase from Logan Ridge Finance’s previous quarterly dividend of $0.33. Logan Ridge Finance’s dividend payout ratio (DPR) is presently -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.