Repertoire Partners LP Takes $1.17 Million Position in Logan Ridge Finance Co. (NASDAQ:LRFC)

Repertoire Partners LP acquired a new stake in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 47,062 shares of the company’s stock, valued at approximately $1,168,000. Logan Ridge Finance comprises about 1.3% of Repertoire Partners LP’s holdings, making the stock its 14th biggest holding. Repertoire Partners LP owned 1.76% of Logan Ridge Finance at the end of the most recent quarter.

Separately, Empowered Funds LLC grew its stake in shares of Logan Ridge Finance by 5.0% in the third quarter. Empowered Funds LLC now owns 14,130 shares of the company’s stock worth $345,000 after purchasing an additional 670 shares during the last quarter. 30.87% of the stock is currently owned by institutional investors.

Logan Ridge Finance Stock Up 0.2 %

NASDAQ LRFC opened at $24.85 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $66.35 million, a PE ratio of -19.81 and a beta of 1.26. Logan Ridge Finance Co. has a 1 year low of $20.65 and a 1 year high of $26.00. The business’s 50-day moving average is $24.75 and its 200 day moving average is $23.15.

Logan Ridge Finance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were paid a $0.36 dividend. The ex-dividend date was Tuesday, November 19th. This is a boost from Logan Ridge Finance’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 5.79%. Logan Ridge Finance’s dividend payout ratio (DPR) is presently -114.29%.

Logan Ridge Finance 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.