Logan Ridge Finance Co. (NASDAQ:LRFC – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,000 shares, a decrease of 9.1% from the October 15th total of 3,300 shares. Based on an average trading volume of 5,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Trading of Logan Ridge Finance
Several hedge funds have recently modified their holdings of LRFC. EA Series Trust acquired a new position in shares of Logan Ridge Finance during the second quarter valued at $204,000. Arbiter Partners Capital Management LLC boosted its stake in shares of Logan Ridge Finance by 119.3% in the 1st quarter. Arbiter Partners Capital Management LLC now owns 61,113 shares of the company’s stock valued at $1,271,000 after purchasing an additional 33,249 shares during the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Logan Ridge Finance by 16.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 150,285 shares of the company’s stock worth $3,126,000 after buying an additional 21,499 shares during the period. Dakota Wealth Management bought a new stake in shares of Logan Ridge Finance during the first quarter worth approximately $542,000. Finally, Captrust Financial Advisors acquired a new position in Logan Ridge Finance in the second quarter valued at approximately $49,000. 23.31% of the stock is owned by institutional investors.
Logan Ridge Finance Trading Down 2.9 %
LRFC traded down $0.65 during midday trading on Friday, reaching $21.45. 954 shares of the company’s stock were exchanged, compared to its average volume of 6,371. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $20.82. Logan Ridge Finance has a one year low of $18.53 and a one year high of $25.00.
Logan Ridge Finance Increases Dividend
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.
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