Logan Ridge Finance (LRFC) Set to Announce Quarterly Earnings on Wednesday

Logan Ridge Finance (NASDAQ:LRFC) is set to announce its earnings results after the market closes on Wednesday, May 8th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Logan Ridge Finance (NASDAQ:LRFC) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $4.42 million during the quarter. Logan Ridge Finance had a negative net margin of 12.30% and a positive return on equity of 4.13%. On average, analysts expect Logan Ridge Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Logan Ridge Finance Price Performance

Shares of NASDAQ:LRFC opened at $22.25 on Monday. Logan Ridge Finance has a one year low of $18.53 and a one year high of $23.63. The stock has a market capitalization of $59.63 million, a price-to-earnings ratio of -20.99 and a beta of 1.29. The company has a 50-day simple moving average of $22.33 and a 200-day simple moving average of $22.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.

Logan Ridge Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 25th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, March 22nd. This is an increase from Logan Ridge Finance’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 5.75%. Logan Ridge Finance’s dividend payout ratio is currently -120.75%.

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.