Logan Ridge Finance Co. (NASDAQ:LRFC) Short Interest Down 47.7% in February

Logan Ridge Finance Co. (NASDAQ:LRFC) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 4,500 shares, a decrease of 47.7% from the January 31st total of 8,600 shares. Based on an average daily trading volume, of 8,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Logan Ridge Finance Price Performance

Shares of Logan Ridge Finance stock opened at $24.95 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $66.54 million, a price-to-earnings ratio of -19.80 and a beta of 1.26. Logan Ridge Finance has a 1-year low of $20.65 and a 1-year high of $26.00. The firm’s 50-day moving average price is $24.57 and its two-hundred day moving average price is $24.17.

Institutional Trading of Logan Ridge Finance

Several large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Logan Ridge Finance by 5.0% during the third quarter. Empowered Funds LLC now owns 14,130 shares of the company’s stock valued at $345,000 after purchasing an additional 670 shares during the last quarter. Repertoire Partners LP bought a new stake in shares of Logan Ridge Finance during the third quarter valued at approximately $1,168,000. Finally, Bulldog Investors LLP grew its stake in shares of Logan Ridge Finance by 58.9% during the fourth quarter. Bulldog Investors LLP now owns 219,366 shares of the company’s stock valued at $5,446,000 after purchasing an additional 81,300 shares during the last quarter. 30.87% of the stock is owned by institutional investors.

Logan Ridge Finance Company 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.