Logan Ridge Finance CorpLRFC
LRFC
About: Logan Ridge Finance Corp an externally managed non-diversified closed-end management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company offers customized financing to business owners, management teams, and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion, and other growth initiatives.
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
20% more capital invested
Capital invested by funds: $14.7M [Q2] → $17.7M (+$2.94M) [Q3]
7% more funds holding
Funds holding: 14 [Q2] → 15 (+1) [Q3]
2.05% more ownership
Funds ownership: 24.53% [Q2] → 26.58% (+2.05%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Research analyst outlook
We haven’t received any recent analyst ratings for LRFC.
Financial journalist opinion
Based on 4 articles about LRFC published over the past 30 days
Positive
Zacks Investment Research
5 days ago
Logan Ridge (LRFC) is on the Move, Here's Why the Trend Could be Sustainable
Logan Ridge (LRFC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Neutral
GlobeNewsWire
2 weeks ago
Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge”) and Logan Ridge Finance Corporation (Nasdaq: LRFC) (“Logan Ridge”) announced today that their boards of directors have established special committees of independent directors to more fully evaluate the potential business combination of the two companies that was previously disclosed in their respective Form 10-Q filings with the Securities and Exchange Commission (the “SEC”), which may result in the use of an exchange ratio other than NAV-for-NAV (including but not limited to relative market price or a fixed exchange ratio) in connection therewith.
Positive
Zacks Investment Research
3 weeks ago
Recent Price Trend in Logan Ridge (LRFC) is Your Friend, Here's Why
Logan Ridge (LRFC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Positive
Zacks Investment Research
3 weeks ago
Recent Price Trend in Logan Ridge (LRFC) is Your Friend, Here's Why
Logan Ridge (LRFC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Positive
Zacks Investment Research
1 month ago
Logan Ridge (LRFC) Is a Great Choice for 'Trend' Investors, Here's Why
Logan Ridge (LRFC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Neutral
Seeking Alpha
1 month ago
Logan Ridge Finance Corporation (LRFC) Q3 2024 Earnings Call Transcript
Logan Ridge Finance Corporation (NASDAQ:LRFC ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Ted Goldthorpe - CEO, President & Director Brandon Satoren - CFO Patrick Schafer - CIO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven L. Martin - Slater Operator Thank you.
Neutral
GlobeNewsWire
1 month ago
Logan Ridge Finance Corporation Announces Third Quarter 2024 Financial Results
Reports Solid Results with Net Investment Income of $0.37 Per Share, and Net Asset Value of $32.31 Per Share Recurring PIK Income as a Percentage of Total Investment Income Declines by Over 200 Basis Points Exits Largest Equity Investment, Nth Degree Investment Group, LLC (“Nth Degree”) Declared a Distribution of $0.36 Per Share for the Fourth Quarter of 2024, Which Represents a 9% Increase Compared to the Third Quarter of 2024 NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “LRFC”, the “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total Investment Income was $5.1 million for the quarter ended September 30, 2024, as compared to $5.4 million reported for the quarter ended June 30, 2024.
Neutral
GlobeNewsWire
2 months ago
Logan Ridge Finance Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (“LRFC,” “Logan Ridge” or the “Company”) to release its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after market close. The Company will host a conference call on Tuesday, November 12, 2024, at 11:00 a.m.
Neutral
GlobeNewsWire
3 months ago
Logan Ridge Finance Corporation Announces the Successful Exit of its Largest Equity Investment, Nth Degree Investment Group, LLC
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the “Company”) today announced that as of September 10, 2024, it has exited its largest equity investment, Nth Degree Investment Group, LLC (“Nth Degree”), at or above its previously reported fair value as of June 30, 2024.
Neutral
GlobeNewsWire
4 months ago
Logan Ridge Finance Corporation Amends and Extends its Existing Senior Secured Revolving Credit Facility
Reduces Interest Rate Margin During the Reinvestment Period to 2.80% from 2.90% Extends Reinvestment Period and Maturity Date to August 2027 and August 2029, Respectively Revises Advance Rates and Concentration Limits NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the “Company”) today announced that it has amended and extended its existing senior secured revolving credit facility (as amended, the “Credit Facility”) with KeyBank National Association. Under the terms of the amendment, the applicable margin during the reinvestment period was reduced from 2.90% per annum to 2.80% per annum, and the applicable margin during the amortization period was reduced from 3.25% per annum to 3.20% per annum.
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