Logan Ridge Finance Co. (NASDAQ:LRFC) Short Interest Down 22.4% in November

Logan Ridge Finance Co. (NASDAQ:LRFC) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,900 shares, a decline of 22.4% from the November 15th total of 7,600 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 6,700 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Logan Ridge Finance

A hedge fund recently bought a new stake in Logan Ridge Finance stock. Repertoire Partners LP bought a new stake in Logan Ridge Finance Co. (NASDAQ:LRFC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 47,062 shares of the company’s stock, valued at approximately $1,168,000. Logan Ridge Finance comprises approximately 1.3% of Repertoire Partners LP’s portfolio, making the stock its 14th largest position. Repertoire Partners LP owned about 1.76% of Logan Ridge Finance as of its most recent SEC filing. 30.87% of the stock is owned by hedge funds and other institutional investors.

Logan Ridge Finance Price Performance

NASDAQ:LRFC traded down $0.19 during mid-day trading on Monday, reaching $25.21. The stock had a trading volume of 28,208 shares, compared to its average volume of 4,286. The stock has a market capitalization of $67.23 million, a P/E ratio of -20.01 and a beta of 1.26. The firm has a 50 day moving average price of $24.91 and a two-hundred day moving average price of $23.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.12 and a current ratio of 0.12. Logan Ridge Finance has a one year low of $20.65 and a one year high of $26.00.

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 boost from Logan Ridge Finance’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, November 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.71%. Logan Ridge Finance’s dividend payout ratio is -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.