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

Logan Ridge Finance Co. (NASDAQ:LRFCGet Rating) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 400 shares, a decrease of 69.2% from the April 30th total of 1,300 shares. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

A number of institutional investors and hedge funds have recently made changes to their positions in LRFC. Advisor Group Holdings Inc. bought a new position in shares of Logan Ridge Finance in the 3rd quarter worth about $75,000. Russell Investments Group Ltd. purchased a new position in shares of Logan Ridge Finance in the 3rd quarter worth approximately $40,000. O Shaughnessy Asset Management LLC purchased a new position in Logan Ridge Finance in the third quarter valued at approximately $183,000. Mariner Investment Group LLC bought a new stake in Logan Ridge Finance during the 3rd quarter valued at $1,088,000. Finally, Morgan Stanley bought a new stake in Logan Ridge Finance during the 3rd quarter valued at $221,000. 17.41% of the stock is currently owned by hedge funds and other institutional investors.

LRFC has been the subject of several recent research reports. Zacks Investment Research raised Logan Ridge Finance from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet lowered Logan Ridge Finance from a “c-” rating to a “d+” rating in a research note on Tuesday, May 17th.

Shares of NASDAQ LRFC traded up $0.16 during trading hours on Thursday, reaching $17.88. 3,289 shares of the stock were exchanged, compared to its average volume of 9,589. The firm has a market capitalization of $48.47 million, a price-to-earnings ratio of -3.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.53 and a current ratio of 0.53. Logan Ridge Finance has a 52 week low of $17.28 and a 52 week high of $28.90. The stock’s fifty day simple moving average is $21.17 and its 200 day simple moving average is $23.42.

Logan Ridge Finance (NASDAQ:LRFCGet Rating) last posted its quarterly earnings data on Monday, March 14th. The company reported ($0.48) EPS for the quarter. Logan Ridge Finance had a negative return on equity of 3.53% and a negative net margin of 100.60%. The company had revenue of $3.41 million for the quarter. Research analysts predict that Logan Ridge Finance will post -0.44 EPS for the current fiscal year.

About Logan Ridge Finance (Get Rating)

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, equity investments in sponsored companies. The fund targets companies in the Aerospace, defense, business services, education, food and beverage, Industrial & Environmental Services, logistics, distribution, media, telecommunication, manufacturing, consumer goods and health-care industries.

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