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, equity investments 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 industries. It typically considers investments in the United States. The fund invests $5 million and $50 million per transaction in companies with EBITDA between $5 million to $50 million and enterprise value less than $250 million. The fund makes minority equity co-investments, alongside management or financial sponsors.
IPO Year: 2013
Exchange: NASDAQ
Website: loganridgefinance.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/17/2021 | $32.00 | Neutral → Buy | Ladenburg Thalmann |
Ladenburg Thalmann upgraded Logan Ridge Finance from Neutral to Buy and set a new price target of $32.00
SCHEDULE 13G/A - Logan Ridge Finance Corp. (0001571329) (Subject)
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3 - Logan Ridge Finance Corp. (0001571329) (Issuer)
3 - Logan Ridge Finance Corp. (0001571329) (Issuer)
3 - Logan Ridge Finance Corp. (0001571329) (Issuer)
3 - Logan Ridge Finance Corp. (0001571329) (Issuer)
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("LRFC," "Logan Ridge" or the "Company") to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 11:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 8145997. A replay of this conference call will be available shortly after the live call through May 16, 2025. By Webcast: A live audio webcast of the conference call can b
Generated $15.3 million of insurance segment Spread Related Earnings ("SRE") for the year ended December 31, 2024, a significant increase over the prior year period Asset management segment generated $7.5 million in Fee Related Earnings ("FRE") for the year ended December 31, 2024, a 36% increase over the prior year, and within our previously stated 2024 FRE guidance range During the quarter, the Company completed an amendment to its existing corporate credit facility, which included an upsize to support key business initiatives and introduced a pricing step-down mechanism During January 2025, the Company announced it entered into a definitive agreement to combine with 180 Degree Capital
Reports Strong Fourth Quarter Results with Net Investment Income of $0.56 Per Share and a Net Asset Value of $32.04 Per Share Declared a Distribution of $0.36 Per Share for the First Quarter of 2025 Subsequent to Quarter End, LRFC Successfully Exited its Equity Investment in GA Communications, Inc., Further Reducing the Company's Non-Yielding Equity Portfolio Merger Agreement with Portman Ridge Finance Corporation Aims to Create Meaningful Shareholder Value Via Greater Scale, Enhanced Liquidity, and Improved Operational Efficiencies NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation ("Logan Ridge", "LRFC", the "Company", "we", "us" or "our") (NASDAQ:LRFC) anno
Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Enter into Merger Agreement Combined Entity Will be Managed by Sierra Crest Investment Management, LLC, an Affiliate of BC Partners Advisors L.P. Companies to Host a Joint Conference Call on January 30, 2025, at 4:00 PM ET to Discuss the Proposed Merger NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") and Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") (together, the "Companies"), business development companies ("BDCs") managed by affiliates of BC Partners Advisors L.P. ("BC Partners"), announced today that they have e
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("LRFC," "Logan Ridge" or the "Company") to release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 13, 2025, after market close. The Company will host a conference call on Friday, March 14, 2025, at 11:30 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 968-2525 approximately 10 minutes prior to the start of the conference call and use the conference ID 1779602. A replay of this conference call will be available shortly after the live call through March 21, 2025. By Webcast: A live audio webcast of the conferen
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge") and Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge") announced today that their boards of directors have established special committees of independent directors to more fully evaluate the potential business combination of the two companies that was previously disclosed in their respective Form 10-Q filings with the Securities and Exchange Commission (the "SEC"), which may result in the use of an exchange ratio other than NAV-for-NAV (including but not limited to relative market price or a fixed exchange ratio) in connection therewith. The special committee
Reports Solid Results with Net Investment Income of $0.37 Per Share, and Net Asset Value of $32.31 Per Share Recurring PIK Income as a Percentage of Total Investment Income Declines by Over 200 Basis Points Exits Largest Equity Investment, Nth Degree Investment Group, LLC ("Nth Degree") Declared a Distribution of $0.36 Per Share for the Fourth Quarter of 2024, Which Represents a 9% Increase Compared to the Third Quarter of 2024 NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation ("Logan Ridge", "LRFC", the "Company", "we", "us" or "our") (NASDAQ:LRFC) announced today its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highli
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("LRFC," "Logan Ridge" or the "Company") to release its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after market close. The Company will host a conference call on Tuesday, November 12, 2024, at 11:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 1567736. A replay of this conference call will be available shortly after the live call through November 19, 2024. By Webcast: A live audio webcast of the conference ca
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) (the "Company") today announced that as of September 10, 2024, it has exited its largest equity investment, Nth Degree Investment Group, LLC ("Nth Degree"), at or above its previously reported fair value as of June 30, 2024. Ted Goldthorpe, Chief Executive Officer and President of Logan Ridge, said, "The rotation out of the legacy equity portfolio has been a key component of the turnaround strategy for Logan Ridge since Mount Logan Management took over as the Company's investment advisor in July of 2021. We see the sale of Nth Degree, our largest equity position, as a transformative event and
Reduces Interest Rate Margin During the Reinvestment Period to 2.80% from 2.90% Extends Reinvestment Period and Maturity Date to August 2027 and August 2029, Respectively Revises Advance Rates and Concentration Limits NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) (the "Company") today announced that it has amended and extended its existing senior secured revolving credit facility (as amended, the "Credit Facility") with KeyBank National Association. Under the terms of the amendment, the applicable margin during the reinvestment period was reduced from 2.90% per annum to 2.80% per annum, and the applicable margin during the amortization perio
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NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("LRFC," "Logan Ridge" or the "Company") to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 11:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 8145997. A replay of this conference call will be available shortly after the live call through May 16, 2025. By Webcast: A live audio webcast of the conference call can b
Generated $15.3 million of insurance segment Spread Related Earnings ("SRE") for the year ended December 31, 2024, a significant increase over the prior year period Asset management segment generated $7.5 million in Fee Related Earnings ("FRE") for the year ended December 31, 2024, a 36% increase over the prior year, and within our previously stated 2024 FRE guidance range During the quarter, the Company completed an amendment to its existing corporate credit facility, which included an upsize to support key business initiatives and introduced a pricing step-down mechanism During January 2025, the Company announced it entered into a definitive agreement to combine with 180 Degree Capital
Reports Strong Fourth Quarter Results with Net Investment Income of $0.56 Per Share and a Net Asset Value of $32.04 Per Share Declared a Distribution of $0.36 Per Share for the First Quarter of 2025 Subsequent to Quarter End, LRFC Successfully Exited its Equity Investment in GA Communications, Inc., Further Reducing the Company's Non-Yielding Equity Portfolio Merger Agreement with Portman Ridge Finance Corporation Aims to Create Meaningful Shareholder Value Via Greater Scale, Enhanced Liquidity, and Improved Operational Efficiencies NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation ("Logan Ridge", "LRFC", the "Company", "we", "us" or "our") (NASDAQ:LRFC) anno
Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Enter into Merger Agreement Combined Entity Will be Managed by Sierra Crest Investment Management, LLC, an Affiliate of BC Partners Advisors L.P. Companies to Host a Joint Conference Call on January 30, 2025, at 4:00 PM ET to Discuss the Proposed Merger NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") and Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") (together, the "Companies"), business development companies ("BDCs") managed by affiliates of BC Partners Advisors L.P. ("BC Partners"), announced today that they have e
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("LRFC," "Logan Ridge" or the "Company") to release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 13, 2025, after market close. The Company will host a conference call on Friday, March 14, 2025, at 11:30 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 968-2525 approximately 10 minutes prior to the start of the conference call and use the conference ID 1779602. A replay of this conference call will be available shortly after the live call through March 21, 2025. By Webcast: A live audio webcast of the conferen
Reports Solid Results with Net Investment Income of $0.37 Per Share, and Net Asset Value of $32.31 Per Share Recurring PIK Income as a Percentage of Total Investment Income Declines by Over 200 Basis Points Exits Largest Equity Investment, Nth Degree Investment Group, LLC ("Nth Degree") Declared a Distribution of $0.36 Per Share for the Fourth Quarter of 2024, Which Represents a 9% Increase Compared to the Third Quarter of 2024 NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation ("Logan Ridge", "LRFC", the "Company", "we", "us" or "our") (NASDAQ:LRFC) announced today its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highli
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("LRFC," "Logan Ridge" or the "Company") to release its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after market close. The Company will host a conference call on Tuesday, November 12, 2024, at 11:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 1567736. A replay of this conference call will be available shortly after the live call through November 19, 2024. By Webcast: A live audio webcast of the conference ca
Reports Solid Results with Total Investment Income of $5.4 Million and Net Investment Income of $0.28 Per Share;Net Asset Value of $33.13 Per Share Declared a Distribution of $0.33 Per Share for the Third Quarter of 2024 NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation ("Logan Ridge", "Logan", "LRFC", "Company", "we", "us" or "our") (NASDAQ:LRFC) announced today its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total Investment Income increased to $5.4 million for the quarter ended June 30, 2024, from $5.0 million reported for the quarter ended March 31, 2024.Net Investment Income ("NII") decreased to $0.8 milli
NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("LRFC," "Logan Ridge" or the "Company") to release its financial results for the second quarter ended June 30, 2024, on Thursday, August 8, 2024, after market close. The Company will host a conference call on Friday, August 9, 2024, at 11:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 4533143. A replay of this conference call will be available shortly after the live call through August 16, 2024. By Webcast: A live audio webcast of the conference call can be ac
Reports Strong Results with Net Investment Income of $0.35 Per Share, Compared to $0.22 Per Share in the Previous Quarter; Net Asset Value Increased to $33.71 Per Share from $33.34 Per Share in the Previous Quarter Declared a Distribution of $0.33 Per Share for the Second Quarter of 2024, an Increase of 3% Compared to the First Quarter of 2024; Fifth Consecutive Quarterly Distribution Increase Continued Repurchasing Shares Under its Share Repurchase Program NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation ("Logan Ridge", "Logan", "LRFC", "Company", "we", "us" or "our") (NASDAQ:LRFC) announced today its financial results for the first quarter ended March 31, 2