Logan Ridge Finance (NASDAQ:LRFC) Shares Down 0.4% – Time to Sell?

Logan Ridge Finance Co. (NASDAQ:LRFC)’s stock price traded down 0.4% on Tuesday . The stock traded as low as $24.78 and last traded at $24.85. 13,844 shares changed hands during trading, an increase of 83% from the average session volume of 7,561 shares. The stock had previously closed at $24.95.

Logan Ridge Finance Trading Down 0.4 %

The company has a market cap of $66.35 million, a P/E ratio of -19.72 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. The business has a 50 day moving average price of $24.62 and a 200-day moving average price of $23.94.

Institutional Trading of Logan Ridge Finance

An institutional investor recently bought a new position in Logan Ridge Finance stock. Repertoire Partners LP purchased a new position in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,062 shares of the company’s stock, valued at approximately $1,168,000. Logan Ridge Finance comprises 1.3% of Repertoire Partners LP’s holdings, making the stock its 14th biggest holding. Repertoire Partners LP owned approximately 1.76% of Logan Ridge Finance at the end of the most recent reporting period. Hedge funds and other institutional investors own 30.87% of the company’s stock.

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.