International Assets Investment Management LLC Invests $971,000 in Logan Ridge Finance Co. (NASDAQ:LRFC)

International Assets Investment Management LLC bought a new stake in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,959 shares of the company’s stock, valued at approximately $971,000. International Assets Investment Management LLC owned approximately 1.60% of Logan Ridge Finance at the end of the most recent quarter.

Separately, Punch & Associates Investment Management Inc. raised its position in Logan Ridge Finance by 22.2% during the third quarter. Punch & Associates Investment Management Inc. now owns 209,582 shares of the company’s stock valued at $4,349,000 after purchasing an additional 38,105 shares during the period. 30.87% of the stock is currently owned by institutional investors and hedge funds.

Logan Ridge Finance Price Performance

NASDAQ:LRFC opened at $22.09 on Tuesday. The firm has a market capitalization of $59.16 million, a price-to-earnings ratio of -20.84 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50 day simple moving average of $22.39 and a 200-day simple moving average of $22.12. Logan Ridge Finance Co. has a 1 year low of $18.53 and a 1 year high of $23.63.

Logan Ridge Finance (NASDAQ:LRFC) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter. Logan Ridge Finance had a positive return on equity of 4.13% and a negative net margin of 12.30%. The company had revenue of $4.42 million during the quarter. Equities analysts forecast that Logan Ridge Finance Co. will post 1.4 EPS for the current year.

Logan Ridge Finance Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 25th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, March 22nd. This is a boost from Logan Ridge Finance’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.79%. Logan Ridge Finance’s 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.