Empowered Funds LLC Purchases 670 Shares of Logan Ridge Finance Co. (NASDAQ:LRFC)

Empowered Funds LLC grew its position in Logan Ridge Finance Co. (NASDAQ:LRFC) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,130 shares of the company’s stock after purchasing an additional 670 shares during the quarter. Empowered Funds LLC’s holdings in Logan Ridge Finance were worth $345,000 as of its most recent filing with the SEC.

Logan Ridge Finance Price Performance

Shares of NASDAQ LRFC opened at $25.45 on Tuesday. The company has a market capitalization of $67.95 million, a PE ratio of -20.20 and a beta of 1.27. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.11. Logan Ridge Finance Co. has a twelve month low of $20.65 and a twelve month high of $25.74. The firm has a fifty day simple moving average of $24.60 and a 200 day simple moving average of $23.02.

Logan Ridge Finance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This is a positive change from Logan Ridge Finance’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 5.66%. Logan Ridge Finance’s dividend payout ratio (DPR) is -114.29%.

About Logan Ridge Finance

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.