Logan Ridge Finance Corporation (LRFC)

NASDAQ: LRFC · IEX Real-Time Price · USD
19.79
-0.31 (-1.52%)
At close: Aug 12, 2022 3:59 PM
19.83
+0.04 (0.23%)
After-hours: Aug 12, 2022 4:22 PM EDT
-1.52%
Market Cap 53.64M
Revenue (ttm) 13.43M
Net Income (ttm) -12.61M
Shares Out 2.71M
EPS (ttm) -5.90
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 2,413
Open 19.76
Previous Close 20.09
Day's Range 19.51 - 20.20
52-Week Range 14.43 - 28.50
Beta 1.61
Analysts Buy
Price Target 24.48 (+23.7%)
Earnings Date Aug 9, 2022

About LRFC

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. The fund targets companies in the Aerospace, defense, business services, education, food and beverage, Industrial & Environmental Services, logistics, distribution, media, telecommunication, manufacturing, consumer goods and health-care industr... [Read more...]

Industry Asset Management
IPO Date Sep 25, 2013
CEO Joseph Alala
Country United States
Stock Exchange NASDAQ
Ticker Symbol LRFC
Full Company Profile

Financial Performance

In 2021, LRFC's revenue was $16.75 million, a decrease of -36.65% compared to the previous year's $26.45 million. Losses were -$1.92 million, -94.59% less than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for LRFC stock is "Buy." The 12-month stock price forecast is 24.48, which is an increase of 23.73% from the latest price.

Price Target
$24.48
(23.73% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Logan Ridge Finance Corporation Reports Second Quarter 2022 Financial Results

Continued to execute on its strategic initiatives by significantly lowering cost of capital and reducing non-interest earning equity exposure

Logan Ridge Finance Corporation Announces Successful Refinancing and Recapitalization of its Investment in Eastport H...

Significantly reduces legacy non-interest earning equity exposure Significantly reduces legacy non-interest earning equity exposure

Logan Ridge Finance Corporation Announces Full Repayment of the Legacy 5.75% Convertible Notes and 6.00% Notes Due Ma...

Repayment of higher interest notes and refinancing of legacy capital structure significantly lowers the Company's cost of debt capital Repayment of higher interest notes and refinancing of legacy capita...

Logan Ridge Finance Corporation Reports First Quarter 2022 Financial Results

Significantly lowered cost of capital by successfully refinancing the legacy capital structure; continue to judiciously redeploy proceeds generated from exiting the legacy portfolio into interest earnin...

Logan Ridge Finance Corporation Announces the Refinancing of its Entire Legacy Capital Structure and Significantly Lo...

NEW YORK, May 10, 2022 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“LRFC” or the “Company”) (Nasdaq: LRFC) today announced the successful refinancing of its entire legacy capital structure, an ...

Logan Ridge Finance Corporation Schedules First Quarter 2022 Earnings Release and Conference Call

Call Scheduled for 9:00 a.m. ET on Friday, May 13, 2022 Call Scheduled for 9:00 a.m. ET on Friday, May 13, 2022

Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2021 Financial Results

During 2021 Logan Ridge further de-levered and strengthen its portfolio, redeployed equity investments into interest earnings investments and lowered overall cost of debt; well positioned to generate hi...

Logan Ridge Finance (LRFC) Incurs Q3 Loss, Costs Down, Stock Falls

A decline in total investment income hurts Logan Ridge Finance's (LRFC) Q3 results despite lower expenses. The dismal performance leads to bearish investor sentiments as the stock plunges 5.6%.

Logan Ridge Finance Corporation Reports Third Quarter 2021 Earnings Results

NEW YORK, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“LRFC” or the “Company”) (Nasdaq: LRFC) today announced its financial results for the third quarter of 2021.

Logan Ridge Finance Corporation Receives “BBB-” Investment Grade Rating from Egan-Jones and Announces Private Placeme...

NEW YORK, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the “Company” or “Logan Ridge”), a business development company, today announced that it has been assigned a c...

Logan Ridge Finance (LRFC) Q2 Earnings Lag Estimates, Costs Dip

Lower expenses support Logan Ridge Finance's (LRFC) Q2 earnings as total investment income declines.

Logan Ridge Finance: Q2 Earnings Insights

Shares of Logan Ridge Finance (NASDAQ:LRFC) decreased 0.0% after the company reported Q2 results. Quarterly Results Earnings per share fell 94.74% year over year to $0.01, which missed the estimate of $...

Logan Ridge Finance Corporation Reports Second Quarter 2021 Earnings Results

Company to Host Quarterly Conference Call at 11:00AM ET Today Company to Host Quarterly Conference Call at 11:00AM ET Today

Capitala Finance Corp. Completes Transition to New Investment Adviser and Changes Name to Logan Ridge Finance Corpora...

NEW YORK, July 01, 2021 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“LRFC” or the “Company”) (NASDAQ: LRFC) (formerly Capitala Finance Corp. (NASDAQ: CPTA)) today announced that it has complete...

Capitala Group Announces Three Portfolio Exits with Total Cash Realizations of $65.0 Million

CHARLOTTE, N.C., May 19, 2021 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala”), a provider of capital to lower middle market companies, announced today that it has successfully exited three of its invest...

Capitala Finance (CPTA) Enters Overbought Territory

Capitala Finance Corp. (CPTA) has moved higher as of late, but there could definitely be trouble on the horizon for this company

Capitala Finance (CPTA) Q1 Earnings and Revenues Miss Estimates

Capitala Finance (CPTA) delivered earnings and revenue surprises of -96.43% and -21.69%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Capitala Finance Corp. Reports First Quarter 2021 Results

CHARLOTTE, N.C., May 03, 2021 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (Nasdaq:CPTA) ("Capitala", the “Company”, “we”, “us”, or “our”) today announced its financial results for the first quarter of 2021.

Earnings Outlook For Capitala Finance

Capitala Finance (NASDAQ:CPTA) announces its next round of earnings this Monday, May 03. Here is Benzinga's look at Capitala Finance's Q1 earnings report.

Capitala Group Announces Recapitalization of United Air Temp

CHARLOTTE, N.C., April 29, 2021 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala”), a leading provider of capital to lower middle market companies, is pleased to announce the recapitalization of United Air...

Capitala Finance Corp. Schedules First Quarter 2021 Earnings Release and Conference Call

CHARLOTTE, N.C., April 06, 2021 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (Nasdaq:CPTA) (the “Company”) announced today that it will report its first quarter 2021 financial results on Monday, May 3, 20...

Capitala Finance (CPTA) Posts Q4 Loss as Revenues Decline Y/Y

Decrease in total investment income hampers Capitala Finance's (CPTA) Q4 results.

Capitala Finance (CPTA) Reports Q4 Loss, Misses Revenue Estimates

Capitala Finance (CPTA) delivered earnings and revenue surprises of -110.34% and -12.36%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Capitala Finance Corp. Reports Fourth Quarter and Full Year 2020 Results

CHARLOTTE, N.C., March 08, 2021 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (Nasdaq:CPTA) ("Capitala", the “Company”, “we”, “us”, or “our”) today announced its financial results for the fourth quarter an...

Capitala Finance's Earnings: A Preview

Capitala Finance (NASDAQ:CPTA) announces its next round of earnings this Monday, March 08. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.