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

Logan Ridge Finance Co. (NASDAQ:LRFC) saw a large decrease in short interest in 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. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Logan Ridge Finance

Several institutional investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in Logan Ridge Finance by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 14,130 shares of the company’s stock worth $345,000 after acquiring an additional 670 shares during the last quarter. Repertoire Partners LP acquired a new stake in Logan Ridge Finance in the third quarter worth $1,168,000. Finally, Bulldog Investors LLP raised its holdings in Logan Ridge Finance by 58.9% in the fourth quarter. Bulldog Investors LLP now owns 219,366 shares of the company’s stock worth $5,446,000 after purchasing an additional 81,300 shares during the period. 30.87% of the stock is currently owned by institutional investors and hedge funds.

Logan Ridge Finance Trading Up 0.4 %

Shares of NASDAQ:LRFC traded up $0.11 during midday trading on Friday, hitting $24.95. The company had a trading volume of 24,407 shares, compared to its average volume of 5,231. The firm has a fifty day simple moving average of $24.57 and a 200 day simple moving average of $24.19. The stock has a market cap of $66.54 million, a price-to-earnings ratio of -19.80 and a beta of 1.26. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.11. Logan Ridge Finance has a 12 month low of $20.65 and a 12 month high of $26.00.

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.