STOCK TITAN

Logan Ridge Finance Corporation - LRFC STOCK NEWS

Welcome to our dedicated page for Logan Ridge Finance Corporation news (Ticker: LRFC), a resource for investors and traders seeking the latest updates and insights on Logan Ridge Finance Corporation stock.

Logan Ridge Finance Corporation (LRFC) is an externally managed, non-diversified closed-end investment company. The company aims to generate both current income and capital appreciation through its strategic investments in debt and equity.
Logan Ridge Finance Corp offers customized financing solutions to business owners, management teams, and financial sponsors. These solutions cater to various purposes such as change of ownership transactions, recapitalizations, strategic acquisitions, business expansion, and other growth initiatives.

Recently, Logan Ridge has been engaged in several key activities:

  • Third Quarter 2023 Highlights: The company reported selected financial information, focusing on investment income and the fair value of its investments.
  • Upcoming Calls: Logan Ridge has scheduled multiple investor calls to discuss its financial performance and outlook, including sessions on November 9, 2023, March 14, 2024, March 28, 2024, and May 9, 2024. These calls are conducted by The Equity Group Inc.
  • Preliminary Financial Information for 2023: The company shared unaudited and preliminary financial data, reflecting its commitment to transparency and investor communication.

For additional details or inquiries, Logan Ridge Finance Corporation can be contacted at their New York office, located at 650 Madison Avenue, 23rd Floor. Key contacts include Chief Financial Officers Jason Roos and Brandon Satoren, as well as representatives from The Equity Group Inc.

Rhea-AI Summary
Logan Ridge Finance (LRFC) will announce its financial results for Q4 and full year 2023 on March 26, 2024, with a conference call scheduled for March 28, 2024, at 10:00 am ET. Investors can access the call via phone or webcast, with a replay available until April 4, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
-
Rhea-AI Summary
Logan Ridge Finance Corporation (LRFC) reports strong 2023 results with net investment income of $1.43 per share and total investment income of $20.2 million. The company announces a distribution of $0.32 per share for the first quarter of 2024, marking a 7% increase compared to the prior quarter. LRFC also discloses a delay in the investor conference call due to tax-related issues, with no impact expected on net asset value or net income. The company's net asset value decreased to $33.34 per share as of December 31, 2023. LRFC's asset coverage ratio as of the same date was 184%. LRFC's total investment income for the year ended December 31, 2023, was $20.2 million, with net investment income of $3.8 million or $1.43 per share. The company's net asset value as of December 31, 2023, stood at $89.2 million. Additionally, LRFC's Board of Directors approved a new $5.0 million share repurchase program and a first quarter distribution of $0.32 per share payable on April 2, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
-
Rhea-AI Summary
Logan Ridge Finance Corporation (Nasdaq: LRFC) will release its financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, March 13, 2024, after market close. A conference call to discuss these results will be held on Thursday, March 14, 2024, at 10:00 a.m. ET. The call can be accessed by phone or webcast, and a replay will be available through March 21st.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
Tags
Rhea-AI Summary
LRFC Reports Strong Q3 with 13% Increase in Net Investment Income to $0.43 Per Share and Announces 15% Increase in Q4 Distribution to $0.30 Per Share. Total distributions declared in 2023 were $0.96 per share. The company's NAV decreased to $34.78 per share as of September 30, 2023, from $35.68 per share as of June 30, 2023. The investment portfolio consisted of investments in 58 portfolio companies with a fair value of approximately $187.1 million as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.64%
Tags
-
Rhea-AI Summary
Logan Ridge Finance Corporation to release Q3 financial results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.64%
Tags
Rhea-AI Summary
Logan Ridge Finance Corporation (LRFC) will release its financial results for Q2 2023 on August 9, 2023, after market close. A conference call to discuss the results will be held on August 10, 2023, at 10:00 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
conferences
-
Rhea-AI Summary
Logan Ridge Finance Corporation reports a strong first quarter with net investment income of $0.40 per share, a 69% increase from the prior quarter. The company also announces a distribution of $0.22 per share for the second quarter, a 22% increase compared to the first quarter. They have begun purchasing shares under their new share repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.5%
Tags
Rhea-AI Summary

Logan Ridge Finance Corporation (Nasdaq: LRFC) will report its Q1 2023 financial results on May 10, 2023, after market close. A conference call is scheduled for May 11, 2023, at 10:00 a.m. ET to discuss these results. Investors can join by calling (646) 307-1963 with the conference ID 5295745 or via a live audio webcast available at here. The online archive of the call will be available shortly after the event. As a publicly traded company, Logan Ridge focuses on investing in first and second lien loans and equity securities for lower middle market companies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags

FAQ

What is the current stock price of Logan Ridge Finance Corporation (LRFC)?

The current stock price of Logan Ridge Finance Corporation (LRFC) is $24.99 as of January 1, 2025.

What is the market cap of Logan Ridge Finance Corporation (LRFC)?

The market cap of Logan Ridge Finance Corporation (LRFC) is approximately 66.6M.

What does Logan Ridge Finance Corporation do?

Logan Ridge Finance Corporation provides customized financing solutions to businesses for ownership changes, recapitalizations, acquisitions, expansion, and other growth initiatives.

What is the primary investment objective of Logan Ridge Finance Corp?

The primary investment objective is to generate both current income and capital appreciation through debt and equity investments.

What recent activities has Logan Ridge been involved in?

Recent activities include third-quarter financial highlights, scheduled investor calls, and the release of preliminary financial information for 2023.

How can I contact Logan Ridge Finance Corporation?

You can reach them at their New York office or contact Jason Roos or Brandon Satoren for financial inquiries, and The Equity Group Inc. for investor relations.

When are the next investor calls scheduled?

Upcoming investor calls are scheduled for November 9, 2023, March 14, 2024, March 28, 2024, and May 9, 2024.

Who manages Logan Ridge Finance Corporation?

Logan Ridge Finance Corporation is externally managed.

What type of company is Logan Ridge Finance Corporation?

It is a non-diversified closed-end management investment company.

Where is Logan Ridge Finance Corporation located?

The company is located at 650 Madison Avenue, 23rd Floor, New York, NY 10022.

Who are the key contacts at Logan Ridge Finance Corporation?

Key contacts include Chief Financial Officers Jason Roos and Brandon Satoren, as well as representatives from The Equity Group Inc.

What financial information was recently released by Logan Ridge?

The company released selected financial information for the third quarter of 2023 and preliminary, unaudited financial data for the fiscal year 2023.
Logan Ridge Finance Corporation

Nasdaq:LRFC

LRFC Rankings

LRFC Stock Data

66.63M
2.39M
10.2%
26.83%
0.22%
Asset Management
Financial Services
Link
United States of America
NEW YORK