| Logan Ridge Finance: Poor Credit Quality Makes This 8% Yielding BDC One To Avoid |
Logan Ridge Finance Corporation faces significant challenges, including declining net investment income and questionable credit quality, making it a risky investment for income-focused investors. Despite a potential merger with Portman Ridge Finance Corp., which could provide benefits, LRFC's current financial instability and high probability of a dividend cut are concerning. LRFC's portfolio has a high percentage of first-lien loans and attractive sector allocation, but still struggles with non-accruals and declining net asset value. |
seekingalpha.com |
2025-05-15 11:15:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation (LRFC) Q1 2025 Earnings Call Transcript |
Logan Ridge Finance Corporation (NASDAQ:LRFC ) Q1 2025 Earnings Conference Call May 9, 2025 11:00 AM ET Company Participants Ted Goldthorpe – Chief Executive Officer, President and Director Brandon Satoren – Chief Financial Officer Patrick Schafer – Chief Investment Officer Conference Call Participants Christopher Nolan – Ladenburg Thalmann Steven Martin – Slater Capital Operator Good morning, and welcome to Logan Ridge Finance Corporation's First Quarter Ended March 31, 2025 Earnings Conference Call. An earnings press release was distributed yesterday, May 8, 2025 after the close of the market. |
seekingalpha.com |
2025-05-09 18:54:29 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Announces First Quarter 2025 Financial Results |
Reports Solid First Quarter Results with Net Investment Income of $0.35 Per Share and a Net Asset Value of $29.66 Per Share |
globenewswire.com |
2025-05-08 21:06:00 |
Czytaj oryginał (ang.) |
| Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid |
BDCs have gone through a notable repricing. Some of them are trading now at a deep discount territory. These deep discounts enhance the risk to reward ratios, especially for those that have been unfairly punished. |
seekingalpha.com |
2025-04-17 13:15:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Schedules First Quarter 2025 Earnings Release and Conference Call |
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. |
globenewswire.com |
2025-04-03 20:05:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation (LRFC) Q4 2024 Earnings Call Transcript |
Logan Ridge Finance Corporation (NASDAQ:LRFC ) Q4 2024 Earnings Conference Call March 14, 2025 11:30 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President and Director Brandon Satoren - Chief Financial Officer Patrick Schafer - Chief Investment Officer Conference Call Participants Christopher Nolan - Ladenburg Thalmann Operator Thank you for standing by. Good morning and welcome to Logan Ridge Finance Corporation's Fourth Quarter and Full Year ended December 31, 2024, Earnings Conference Call. |
seekingalpha.com |
2025-03-14 15:56:54 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2024 Financial Results |
Reports Strong Fourth Quarter Results with Net Investment Income of $0.56 Per Share and a Net Asset Value of $32.04 Per Share |
globenewswire.com |
2025-03-13 18:16:00 |
Czytaj oryginał (ang.) |
| SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PTMN and LRFC on Behalf of Shareholders |
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: |
globenewswire.com |
2025-02-14 12:53:00 |
Czytaj oryginał (ang.) |
| 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 |
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Logan Ridge Finance Corporation (NasdaqGS: LRFC) to Portman Ridge Finance Corporation (NasdaqGS: PTMN). Under the terms of the proposed transaction, shareholders of Logan Ridge will receive 1.50 newly issued shares of Portman for each share of Logan Ridge that they own. KSF is seeking to determine whether this. |
businesswire.com |
2025-02-03 23:06:00 |
Czytaj oryginał (ang.) |
| LRFC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Logan Ridge Finance Corporation Is Fair to Shareholders |
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Logan Ridge Finance Corporation (NASDAQ: LRFC) to Portman Ridge Finance Corporation for 1.50 newly issued shares of Portman common stock in exchange for each share of common stock of Logan Ridge is fair to Logan Ridge shareholders. Halper Sadeh encourages Logan Ridge shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper. |
businesswire.com |
2025-01-31 23:58:00 |
Czytaj oryginał (ang.) |
| Shareholder Alert: Ademi & Fruchter LLP Investigates Whether Logan Ridge Finance Corporation Is Obtaining a Fair Price for Its Public Shareholders |
MILWAUKEE--(BUSINESS WIRE)--Ademi & Fruchter LLP is investigating Logan Ridge (Nasdaq: LRFC) for possible breaches of fiduciary duty and other violations of law in its transaction with Portman Ridge. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Logan Ridge stockholders will receive only 1.50 shares of Portman Ridge common stock in. |
businesswire.com |
2025-01-31 08:46:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance: Disappointing Performance Warrants Huge Discount To NAV |
Logan Ridge Finance Corp.'s disappointing performance, with declines in top and bottom lines and net asset value, justifies its 26% discount to NAV. Despite improved first-lien loan exposure and well-staggered debt maturities, LRFC's financial performance and declining interest rates pose significant headwinds. Dividend coverage of 119% is solid, but due to overall disappointing results, I continue to rate Logan Ridge Finance Corporation a hold. |
seekingalpha.com |
2025-01-26 10:00:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call |
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. |
globenewswire.com |
2025-01-16 18:05:00 |
Czytaj oryginał (ang.) |
| 1 Underrated And 1 Overrated BDC Yielding 9%+ |
The BDC universe is small and a large chunk of it is uninvestable for institutional money managers. This renders the sector susceptible to emotional and unsubstantiated flows that ultimately create dislocations. I share two BDCs that offer yields of around 9.5%. |
seekingalpha.com |
2025-01-06 11:05:00 |
Czytaj oryginał (ang.) |
| Logan Ridge (LRFC) is on the Move, Here's Why the Trend Could be Sustainable |
Logan Ridge (LRFC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen. |
zacks.com |
2024-12-23 11:51:25 |
Czytaj oryginał (ang.) |
| Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination |
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. |
globenewswire.com |
2024-12-12 10:30:00 |
Czytaj oryginał (ang.) |
| Recent Price Trend in Logan Ridge (LRFC) is Your Friend, Here's Why |
Logan Ridge (LRFC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move. |
zacks.com |
2024-12-02 16:25:40 |
Czytaj oryginał (ang.) |
| Recent Price Trend in Logan Ridge (LRFC) is Your Friend, Here's Why |
Logan Ridge (LRFC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move. |
zacks.com |
2024-12-02 16:25:32 |
Czytaj oryginał (ang.) |
| Logan Ridge (LRFC) Is a Great Choice for 'Trend' Investors, Here's Why |
Logan Ridge (LRFC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen. |
zacks.com |
2024-11-15 11:50:17 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation (LRFC) Q3 2024 Earnings Call Transcript |
Logan Ridge Finance Corporation (NASDAQ:LRFC ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Ted Goldthorpe - CEO, President & Director Brandon Satoren - CFO Patrick Schafer - CIO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven L. Martin - Slater Operator Thank you. |
seekingalpha.com |
2024-11-12 14:53:09 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Announces Third Quarter 2024 Financial Results |
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 Highlights Total Investment Income was $5.1 million for the quarter ended September 30, 2024, as compared to $5.4 million reported for the quarter ended June 30, 2024. |
globenewswire.com |
2024-11-07 18:05:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call |
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. |
globenewswire.com |
2024-10-23 20:05:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Announces the Successful Exit of its Largest Equity Investment, Nth Degree Investment Group, LLC |
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. |
globenewswire.com |
2024-09-12 21:47:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Amends and Extends its Existing Senior Secured Revolving Credit Facility |
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 period was reduced from 3.25% per annum to 3.20% per annum. |
globenewswire.com |
2024-08-21 20:05:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation (LRFC) Q2 2024 Earnings Call Transcript |
Logan Ridge Finance Corporation (NASDAQ:LRFC ) Q2 2024 Earnings Call Transcript August 9, 2024 11:00 AM ET Company Participants Ted Goldthorpe - CEO, President and Director Patrick Schafer - CIO Brandon Satoren - CFO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Capital Management Operator Thank you. Good morning, and welcome to Logan Ridge Finance Corporation's Second Quarter Ended June 30, 2024, Earnings Conference Call. |
seekingalpha.com |
2024-08-09 23:38:01 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call |
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. |
globenewswire.com |
2024-07-08 20:24:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance: A Small-Cap BDC Worth Considering For Income Generation |
Logan Ridge Finance Corp. is a BDC focusing on lower middle-market companies, delivering solid earnings growth and increasing dividend payouts for five consecutive quarters. LRFC's portfolio quality is solid, with a decent first-lien exposure and improving balance sheet, but faces credit quality risks due to smaller size and rising non-accruals. Despite their potential, I currently rate LRFC a hold due to credit quality risks. Additionally, I would wait to see growth in net investment income before buying. |
seekingalpha.com |
2024-06-27 15:00:33 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation (LRFC) Q1 2024 Earnings Call Transcript |
Logan Ridge Finance Corporation. (NASDAQ:LRFC ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schaefer - Chief Investment Officer Brandon Satoren - Chief Accounting Officer Conference Call Participants Christopher Nolan - Ladenburg Thalmann Operator Good morning, and welcome to Logan Ridge Finance Corporation's First Quarter ended March 31, 2024 Earnings Conference Call. |
seekingalpha.com |
2024-05-09 21:14:08 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Announces First Quarter 2024 Financial Results |
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 |
globenewswire.com |
2024-05-08 20:05:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Schedules First Quarter 2024 Earnings Release and Conference Call |
NEW YORK, April 12, 2024 (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, 2024, on Wednesday, May 8, 2024, after market close. The Company will host a conference call on Thursday, May 9, 2024, at 10:00 a.m. |
globenewswire.com |
2024-04-12 12:30:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation (LRFC) Q4 2023 Earnings Call Transcript |
Logan Ridge Finance Corporation (LRFC) Q4 2023 Earnings Call Transcript |
seekingalpha.com |
2024-03-29 15:54:07 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results |
Reports Strong 2023 Results with Net Investment Income of $1.43 Per Share, Compared to a Net Investment Loss of $0.43 Per Share for Year Ended 2022; Total Investment Income Increased to $20.2 Million as Compared to $14.9 Million for Year Ended 2022 |
globenewswire.com |
2024-03-26 18:15:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call |
NEW YORK, March 26, 2024 (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, 2023, today, Tuesday March 26, 2024, after market close. The Company will host a conference call on Thursday, March 28, 2024, at 10:00 a.m. |
globenewswire.com |
2024-03-26 18:05:00 |
Czytaj oryginał (ang.) |
| Logan Ridge Finance Corporation to Delay Fourth Quarter and Full Year 2023 Earnings Release and Conference Call; Provides Preliminary Financial Results |
Preliminarily Reports Strong 2023 Results with Net Investment Income of $1.43 Per Share, Total Investment Income of $20.2 Million |
globenewswire.com |
2024-03-12 21:54:00 |
Czytaj oryginał (ang.) |