Amendment: SEC Form 10-K/A filed by Logan Ridge Finance Corporation
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Date | Price Target | Rating | Analyst |
---|---|---|---|
8/17/2021 | $32.00 | Neutral → Buy | Ladenburg Thalmann |
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
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
8-K - Logan Ridge Finance Corp. (0001571329) (Filer)
8-K - Logan Ridge Finance Corp. (0001571329) (Filer)
8-K - Logan Ridge Finance Corp. (0001571329) (Filer)
Logan Ridge Finance (NASDAQ:LRFC) reported quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.36 by 2.78 percent. This is a 12.5 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $5.003 million which missed the analyst consensus estimate of $5.100 million by 1.90 percent. This is a 4.81 percent decrease over sales of $5.256 million the same period last year.
Logan Ridge Finance (NASDAQ:LRFC) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.50 by 56 percent.
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3 - Logan Ridge Finance Corp. (0001571329) (Issuer)
3 - Logan Ridge Finance Corp. (0001571329) (Issuer)
4 - Logan Ridge Finance Corp. (0001571329) (Issuer)
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
Ladenburg Thalmann upgraded Logan Ridge Finance from Neutral to Buy and set a new price target of $32.00
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