Welcome to our dedicated page for Logan Ridge Finance Corporation news (Ticker: LRFC), a resource for investors and traders seeking the latest updates and insights on Logan Ridge Finance Corporation stock.
Logan Ridge Finance Corporation (LRFC) is an externally managed, non-diversified closed-end investment company. The company aims to generate both current income and capital appreciation through its strategic investments in debt and equity.
Logan Ridge Finance Corp offers customized financing solutions to business owners, management teams, and financial sponsors. These solutions cater to various purposes such as change of ownership transactions, recapitalizations, strategic acquisitions, business expansion, and other growth initiatives.
Recently, Logan Ridge has been engaged in several key activities:
- Third Quarter 2023 Highlights: The company reported selected financial information, focusing on investment income and the fair value of its investments.
- Upcoming Calls: Logan Ridge has scheduled multiple investor calls to discuss its financial performance and outlook, including sessions on November 9, 2023, March 14, 2024, March 28, 2024, and May 9, 2024. These calls are conducted by The Equity Group Inc.
- Preliminary Financial Information for 2023: The company shared unaudited and preliminary financial data, reflecting its commitment to transparency and investor communication.
For additional details or inquiries, Logan Ridge Finance Corporation can be contacted at their New York office, located at 650 Madison Avenue, 23rd Floor. Key contacts include Chief Financial Officers Jason Roos and Brandon Satoren, as well as representatives from The Equity Group Inc.
Logan Ridge Finance (Nasdaq: LRFC) will release its financial results for the second quarter of 2024 on August 8, 2024, after market close. The company has scheduled a conference call for August 9, 2024, at 11:00 a.m. ET to discuss these results. Investors can access the call by dialing (646) 307-1963 with conference ID 4533143 or via a live audio webcast available at https://edge.media-server.com/mmc/p/wk9wbtnf. A replay of the call will be available until August 16, 2024, and the online archive will be accessible on the company's website under Investor Resources.
Logan Ridge Finance announced its financial results for the first quarter of 2024, showcasing strong performance with Net Investment Income increasing to $0.35 per share from $0.22 in the previous quarter. Net Asset Value rose to $33.71 per share from $33.34. The Company declared a distribution of $0.33 per share for the second quarter, a 3% increase from the first quarter. Additionally, they continued repurchasing shares under their Share Repurchase Program.
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