Logan Ridge Finance Corporation is a closed-end management investment company. The Company invests in aerospace and defense, business services, consumer products, education, food and beverage, and healthcare industries. Logan Ridge Finance serves customers worldwide.
Company profile
Ticker
LRFC
Exchange
Website
CEO
Joseph Alala
Employees
Incorporated
Location
Fiscal year end
Former names
Capitala Finance Corp.
SEC CIK
Corporate docs
Subsidiaries
CapitalSouth Partners Fund II Limited Partnership • CapitalSouth Partners F-II, LLC • CapitalSouth Fund III, L.P. • CapitalSouth F-III, LLC • CPTA Master Blocker, Inc. • Capitala Business Lending, LLC ...
LRFC stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
26 Mar 24
8-K
Departure of Directors or Certain Officers
13 Mar 24
8-K
Logan Ridge Finance Corporation Announces Third Quarter 2023 Financial Results
8 Nov 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Logan Ridge Finance Corporation Announces Second Quarter 2023 Financial Results
9 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
23 Jun 23
8-K
Logan Ridge Finance Corporation Announces First Quarter 2023 Financial Results
10 May 23
10-Q
2023 Q1
Quarterly report
10 May 23
DEF 14A
Definitive proxy
28 Apr 23
Transcripts
LRFC
Earnings call transcript
2023 Q4
28 Mar 24
LRFC
Earnings call transcript
2023 Q3
9 Nov 23
LRFC
Earnings call transcript
2023 Q2
10 Aug 23
LRFC
Earnings call transcript
2023 Q1
11 May 23
LRFC
Earnings call transcript
2022 Q4
10 Mar 23
LRFC
Earnings call transcript
2022 Q3
9 Nov 22
LRFC
Earnings call transcript
2022 Q2
10 Aug 22
LRFC
Earnings call transcript
2022 Q1
13 May 22
LRFC
Earnings call transcript
2021 Q4
16 Mar 22
LRFC
Earnings call transcript
2021 Q3
11 Nov 21
Latest ownership filings
SC 13G/A
Bulldog Investors, LLP
1 Feb 24
SC 13D
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
9 Nov 23
SC 13D/A
Frischer Charles L
8 Jun 23
SC 13G
Bulldog Investors, LLP
13 Feb 23
SC 13D/A
Frischer Charles L
20 Jan 23
SC 13D
Frischer Charles L
2 Dec 22
3
Jennifer Kwon Chou
16 May 22
3
Brandon Satoren
17 Nov 21
4
Patrick Schafer
17 Nov 21
4
Patrick Schafer
16 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 5.12 mm | 5.12 mm | 5.12 mm | 5.12 mm | 5.12 mm | 5.12 mm |
Cash burn (monthly) | 390.67 k | 352.67 k | 210.00 k | 335.67 k | (no burn) | (no burn) |
Cash used (since last report) | 2.58 mm | 2.33 mm | 1.39 mm | 2.22 mm | n/a | n/a |
Cash remaining | 2.53 mm | 2.78 mm | 3.73 mm | 2.90 mm | n/a | n/a |
Runway (months of cash) | 6.5 | 7.9 | 17.7 | 8.6 | n/a | n/a |
Institutional ownership, Q3 2023
22.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 2 |
Closed positions | 7 |
Increased positions | 4 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 12.20 bn |
Total shares | 592.45 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Punch & Associates Investment Management | 209.58 k | $4.35 bn |
Wealth Enhancement Advisory Services | 164.89 k | $3.42 bn |
Bulldog Investors | 118.41 k | $2.46 bn |
Arbiter Partners Capital Management | 61.11 k | $1.27 bn |
Dakota Wealth Management | 15.62 k | $324.03 mm |
Empowered Funds | 10.73 k | $221.69 mm |
Laurel Wealth Advisors | 4.73 k | $98.13 mm |
Acadian Asset Management | 4.70 k | $95.00 k |
Advisor | 1.30 k | $26.98 mm |
SOA Wealth Advisors | 985.00 | $20.44 mm |
News
Logan Ridge Finance Q4 Net Investment Income $0.22 Misses
26 Mar 24
Earnings Scheduled For March 13, 2024
13 Mar 24
Logan Ridge Finance Announced Distribution Of $0.32/Share For Q1 2024, An Increase Of 7% Compared To Prior Quarter, Payable On April 2, 2024
13 Mar 24
Logan Ridge Finance Q4 Preliminary Results: Net Investment Income Of $0.6M Or $0.22/Share, And Net Asset Value $33.34 Per Share Down From $34.78 Per Share QoQ.
13 Mar 24
A Preview Of Logan Ridge Finance's Earnings
12 Mar 24
Press releases
Logan Ridge Finance Corporation Schedules First Quarter 2024 Earnings Release and Conference Call
12 Apr 24
Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results
26 Mar 24
Logan Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
26 Mar 24
Logan Ridge Finance Corporation to Delay Fourth Quarter and Full Year 2023 Earnings Release and Conference Call; Provides Preliminary Financial Results
12 Mar 24