Welcome to our dedicated page for Logan Ridge Finance news (Ticker: LRFC), a resource for investors and traders seeking the latest updates and insights on Logan Ridge Finance stock.
Logan Ridge Finance Corp (NASDAQ: LRFC) provides investors and financial professionals with comprehensive access to official company communications and market updates. This centralized news hub delivers verified information about LRFC's middle-market financing activities, including strategic credit investments and portfolio developments.
Users gain immediate access to essential updates including earnings announcements, regulatory filings, and operational milestones. The repository features press releases detailing LRFC's first lien loan transactions, portfolio company performance, and corporate governance updates - all critical for assessing the BDC's income generation strategies.
Key content categories include quarterly financial results, investment activity reports, dividend declarations, and management commentary. This resource enables stakeholders to track LRFC's execution of its core strategy: providing customized debt solutions to established middle-market businesses while maintaining rigorous risk management protocols.
Bookmark this page for streamlined access to LRFC's evolving financial narrative. Regular monitoring helps investors align their analysis with the company's documented performance in middle-market credit solutions and non-diversified investment management.
Logan Ridge Finance Corporation (Nasdaq: LRFC) will report its Q1 2023 financial results on May 10, 2023, after market close. A conference call is scheduled for May 11, 2023, at 10:00 a.m. ET to discuss these results. Investors can join by calling (646) 307-1963 with the conference ID 5295745 or via a live audio webcast available at here. The online archive of the call will be available shortly after the event. As a publicly traded company, Logan Ridge focuses on investing in first and second lien loans and equity securities for lower middle market companies.
Logan Ridge Finance Corporation (Nasdaq: LRFC) announced the initiation of a Rule 10b5-1 stock trading plan to facilitate its $5.0 million share repurchase program, effective March 22, 2023. This plan, which allows for open market repurchases, aims to enhance shareholder value by potentially lowering the share count and increasing earnings per share. The program is authorized until March 31, 2024, reflecting the company’s commitment to returning capital to its shareholders. An independent broker-dealer will manage the purchases under this plan, ensuring compliance with applicable securities regulations.
Logan Ridge Finance Corporation (LRFC) reported a strong fourth quarter with net investment income (NII) of $0.23 per share, marking its second consecutive quarter of positive NII and more than tripling the figure from the prior quarter. The net asset value decreased to $35.04 per share as of December 31, 2022, from $36.21. The Company made $23.9 million in investments during the quarter, achieving a net deployment of $13.7 million. LRFC's Board approved a quarterly distribution of $0.18 per share for Q1 2023 and authorized a $5 million share repurchase program. Total investment income for 2022 was $14.9 million, a decline of $1.8 million year-over-year.
Logan Ridge Finance Corporation (LRFC) will announce its financial results for the fourth quarter and fiscal year ending December 31, 2022, on March 9, 2023, after market close. A conference call is scheduled for March 10, 2023, at 10:00 a.m. ET to discuss these results. Investors can join the call by dialing (800) 715-9871 and using conference ID 8500679, or by accessing a live audio webcast on the company’s website. A replay of the call will be available from March 10 to March 23, 2023. Logan Ridge is regulated as a business development company, primarily investing in loans and equity securities of lower middle market companies.
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