Logan Ridge Finance Co. (NASDAQ:LRFC) Short Interest Update

Logan Ridge Finance Co. (NASDAQ:LRFC) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 7,600 shares, an increase of 65.2% from the October 31st total of 4,600 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 6,200 shares, the short-interest ratio is currently 1.2 days.

Logan Ridge Finance Stock Performance

Shares of LRFC traded up $0.02 during trading on Friday, reaching $26.00. 12,345 shares of the company traded hands, compared to its average volume of 4,988. Logan Ridge Finance has a twelve month low of $20.65 and a twelve month high of $26.00. The stock has a 50-day simple moving average of $24.73 and a 200-day simple moving average of $23.11. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were paid a $0.36 dividend. This is a positive change from Logan Ridge Finance’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, November 19th. This represents a $1.44 annualized dividend and a dividend yield of 5.54%. Logan Ridge Finance’s dividend payout ratio (DPR) is presently -114.29%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Logan Ridge Finance stock. Empowered Funds LLC raised its position in Logan Ridge Finance Co. (NASDAQ:LRFC) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,130 shares of the company’s stock after acquiring 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. Institutional investors own 30.87% of the company’s stock.

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.