Logan Ridge Finance Corporation
NASDAQ Global MarketRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- Logan Ridge Finance Corporation is a Business Development Company specializing in providing customized senior subordinated debt, unitranche debt, first-lien, and second-lien loans primarily to lower middle market and middle market companies in the United States. Its core offerings include unitranche loans, equity co-investments alongside management or financial sponsors, and debt investments targeting companies with EBITDA between $5 million and $50 million and enterprise values below $250 million. The company focuses its investments across diverse industries including aerospace, defense, business services, education, food and beverage, industrial and environmental services, logistics, distribution, media, telecommunications, manufacturing, consumer goods, and healthcare. Founded in 2013 and headquartered in New York, Logan Ridge operates as a regulated investment company under subchapter M of the Internal Revenue Code. Recent major changes include the pursuit of a merger with Portman Ridge Finance Corporation, aimed at increasing scale, liquidity, and operational efficiencies to enhance shareholder value. It has made $15.1 million in new investments with a net deployment of $2.7 million and successfully exited significant non-yielding equity investments such as GA Communications and Nth Degree, reducing its non-yielding equity portfolio significantly. Additionally, it amended its credit facility with KeyBank to reduce margins and extend maturity dates. The company declared a Q4 distribution increase to $0.36 per share, reflecting improved financial results despite challenges from legacy loan write-downs. Logan Ridge continues to emphasize its strategic rotation out of legacy equity holdings and growing its debt portfolio, which comprised 86.6% of total investments with a weighted average yield of 10.7% as of early 2025.
Logan Ridge Finance Corporation Announces Adviser Funded Cash Payment to Shareholders in Connection with its Merger with Portman Ridge Finance Corporation
BDC Weekly Review: Questions About BDC Income And Price Trends
Logan Ridge Announces Change of Date to the Special Meeting of Stockholders to Allow Additional Time for Stockholders to Vote “FOR” the Merger Proposal
LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC
Logan Ridge Finance: Poor Credit Quality Makes This 8% Yielding BDC One To Avoid
Logan Ridge Finance Corporation (LRFC) Q1 2025 Earnings Call Transcript
Logan Ridge Finance Corporation Announces First Quarter 2025 Financial Results
Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid
Logan Ridge Finance Corporation Schedules First Quarter 2025 Earnings Release and Conference Call
Logan Ridge Finance Corporation (LRFC) Q4 2024 Earnings Call Transcript
Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2024 Financial Results
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PTMN and LRFC on Behalf of Shareholders
LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC
LRFC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Logan Ridge Finance Corporation Is Fair to Shareholders
Shareholder Alert: Ademi & Fruchter LLP Investigates Whether Logan Ridge Finance Corporation Is Obtaining a Fair Price for Its Public Shareholders
Logan Ridge Finance: Disappointing Performance Warrants Huge Discount To NAV
Logan Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
1 Underrated And 1 Overrated BDC Yielding 9%+
Logan Ridge (LRFC) is on the Move, Here's Why the Trend Could be Sustainable
Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination