International Assets Investment Management LLC bought a new position in Logan Ridge Finance Co. (NASDAQ:LRFC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 42,959 shares of the company's stock, valued at approximately $971,000. International Assets Investment Management LLC owned approximately 1.60% of Logan Ridge Finance as of its most recent SEC filing.
Separately, Punch & Associates Investment Management Inc. raised its position in Logan Ridge Finance by 22.2% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 209,582 shares of the company's stock worth $4,349,000 after buying an additional 38,105 shares during the last quarter. 30.87% of the stock is owned by hedge funds and other institutional investors.
Logan Ridge Finance Stock Performance
LRFC traded down $0.14 during trading on Tuesday, reaching $22.01. 11,690 shares of the company's stock were exchanged, compared to its average volume of 3,932. Logan Ridge Finance Co. has a 1 year low of $18.53 and a 1 year high of $23.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $58.99 million, a P/E ratio of -20.76 and a beta of 1.32. The company's fifty day simple moving average is $22.38 and its 200-day simple moving average is $22.13.
Logan Ridge Finance (NASDAQ:LRFC - Get Free Report) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $4.42 million during the quarter. Logan Ridge Finance had a negative net margin of 12.30% and a positive return on equity of 4.13%. As a group, research analysts predict that Logan Ridge Finance Co. will post 1.4 earnings per share for the current fiscal year.
Logan Ridge Finance Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 25th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.82%. This is a positive change from Logan Ridge Finance's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, March 22nd. Logan Ridge Finance's payout ratio is -120.75%.
About Logan Ridge Finance
(
Free Report)
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.
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