Logan Ridge Finance Co. (NASDAQ:LRFC – Get Ranking) was the recipient of a big fall in small desire throughout the thirty day period of March. As of March 31st, there was short fascination totalling 3,200 shares, a fall of 39.6% from the March 15th full of 5,300 shares. Currently, .1% of the shares of the business are bought short. Dependent on an regular day by day buying and selling volume, of 10,100 shares, the days-to-cover ratio is presently .3 times.
Shares of NASDAQ:LRFC traded down $.11 throughout trading on Friday, hitting $22.27. 718 shares of the inventory have been exchanged, when compared to its average volume of 9,889. The company’s fifty day uncomplicated going typical is $24.00 and its 200-working day simple moving common is $24.50. The corporation has a debt-to-equity ratio of .70, a current ratio of .86 and a rapid ratio of .86. Logan Ridge Finance has a 1-calendar year lower of $15.23 and a 1-12 months large of $28.90.
Hedge funds have a short while ago created improvements to their positions in the stock. Russell Investments Group Ltd. obtained a new stake in Logan Ridge Finance in the 3rd quarter valued at $40,000. Advisor Group Holdings Inc. acquired a new stake in Logan Ridge Finance in the 3rd quarter valued at $75,000. O Shaughnessy Asset Administration LLC obtained a new stake in Logan Ridge Finance in the 3rd quarter valued at $183,000. Morgan Stanley obtained a new stake in Logan Ridge Finance in the 3rd quarter valued at $221,000. Ultimately, Two Sigma Advisers LP obtained a new stake in Logan Ridge Finance in the 3rd quarter valued at $734,000. 16.29% of the inventory is presently owned by institutional traders and hedge funds.
Individually, Zacks Investment Exploration decreased Logan Ridge Finance from a “hold” ranking to a “sell” score in a report on Wednesday, March 23rd.
Logan Ridge Finance Enterprise Profile (Get Score)
Logan Ridge Finance Corp. is a company development firm that presents capital to decrease middle current market firms positioned in the US with an EBITDA ranging from $5 million to $50 million and with revenues of at least $15 million. The fund targets corporations working in the fields of aerospace, defense, education, foods, logistics, manufacturing, media, health treatment, and client and business enterprise products and services.
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