Logan Ridge Finance Corporation
Description
Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies. The fund targets companies in the Aerospace, defense, business services, education, food and beverage, Industrial & Environmental Services, logistics, distribution, media, telecommunication, manufacturing, consumer goods and health-care industries. It typically considers investments in the United States. The fund invests $5 million and $50 million per transaction in companies with EBITDA between $5 million to $50 million and enterprise value less than $250 million. The fund makes minority equity co-investments, alongside management or financial sponsors.
About
CEO
Mr. Edward Joseph Goldthorpe
Employees
0
Instrument type
Common Stock
Sector
Financial Services
Industry
Asset Management
MIC code
XNGS
Address
650 Madison Avenue, New York, NY 10022, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Mar 12, 2025 | 0.37 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 1 |
| Average estimate | — | 0.37 | — | 1.45 |
| Low estimate | — | 0.37 | — | 1.45 |
| High estimate | — | 0.37 | — | 1.45 |
| Last year EPS | — | 0.30 | — | 1.37 |
[stock_revenue_estimate]
Growth estimates
Current qtr
31.110%
Next qtr. (Mar 2025)
24.870%
Current year
-4.030%
Next year (Dec 2025)
5.840%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.86M | -7.61M | 4.04M | -30.79M | -22.61M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 4.34M | 4.41M | 4.93M | 4.82M | 4.70M |
| Other operating expenses | — | — | 1.03M | -155,000 | -288,000 |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | -2.48M | -12.02M | -1.92M | -35.45M | -27.02M |
| Tax provision | — | — | — | — | 628,000 |
| Net income | -2.48M | -12.02M | -1.92M | -35.45M | -27.65M |
| Basic EPS | -0.92 | -4.44 | -0.71 | -13.08 | -10.32 |
| Diluted EPS | -0.92 | -4.44 | -0.71 | -13.08 | -10.32 |
| Basic average shares | 2.69M | 2.71M | 2.71M | 2.71M | 2.69M |
| Diluted average shares | 2.69M | 2.71M | 2.71M | 2.71M | 2.69M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | -2.48M | -12.02M | -1.92M | -35.45M | -27.65M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 3.89M | 6.79M | 39.06M | 49.94M | 62.32M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 2.16M | 2.68M | 3.36M | 1.08M | 624,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 189.66M | 203.59M | 198.19M | 274.69M | 362.53M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 5.53M | 1.70M | 11.32M | 1.72M | 2.96M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 101.52M | 117.08M | 122.80M | 213.49M | 272.55M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 27,000 | 27,000 | 27,000 | 27,000 | 27,000 |
| Retained earnings | -99.26M | -96.06M | -81.84M | -120.56M | -89.94M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 89.18M | 95.01M | 107.03M | 108.95M | 148.11M |
| Additional paid in capital | 188.41M | 191.04M | 188.85M | 229.48M | 238.02M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Net Income | -2.48M | -12.02M | -1.92M | -35.45M | -27.65M | -16.03M | -6.98M | 9.15M | 13.85M | -3.44M | 28.86M | 49.57M | 25.34M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | — | — | — | — | — | -1.92M | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -2.03M | -1.67M | 1.46M | 200,000 | -960,000 | -5.49M | -2.38M | -6.93M | -3.70M | -1.87M | -1.13M | -1.16M | -1.16M |
| Accounts Receivable | 204,000 | 36,000 | 672,000 | -541,000 | 2.03M | -707,000 | 2.85M | -271,000 | -2.02M | 931,000 | -1.15M | -416,000 | -1.03M |
| Accounts Payable | — | — | — | — | — | -75,000 | 175,000 | — | — | — | — | — | — |
| Other Assets & Liabilities | 65,000 | -65,000 | — | 115,000 | -32,000 | -28,000 | 17,000 | 36,000 | 332,000 | -548,000 | — | — | — |
| Operating Cash Flow | -4.24M | -13.72M | 210,000 | -35.67M | -26.61M | -24.25M | -6.33M | 1.99M | 8.46M | -4.93M | 26.58M | 48.00M | 23.15M |
| Investing Activities | |||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing Activities | |||||||||||||
| Long-Term Debt Issuance | 19.40M | 96.58M | 74.00M | — | 16.50M | 31.00M | 136.09M | 29.00M | 105.00M | 113.44M | 25.00M | 35.00M | 72.70M |
| Long-Term Debt Payments | -35.79M | -101.62M | -166.00M | -60.98M | -42.20M | -35.00M | -157.44M | -68.50M | -43.00M | -10.00M | — | — | — |
| Other Financing Charges | — | — | -519,000 | — | — | — | — | — | — | — | 24.85M | 7.25M | 20.68M |
| Financing Cash Flow | -19.73M | -5.03M | -92.52M | -64.70M | -40.58M | -23.22M | -43.06M | -66.87M | 76.12M | 79.05M | 110.58M | 28.47M | 88.23M |
| Other Cash Details | |||||||||||||
| End Cash Position | 3.89M | 6.79M | 39.06M | 49.94M | 62.32M | 39.30M | 31.22M | 36.28M | 34.11M | 55.11M | 101.62M | 30.47M | 24.18M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | 14.14M | 15.50M | 17.59M | 16.35M | — | — | — | — |
| Free Cash Flow | 16.83M | -25.61M | 82.24M | 53.11M | 64.60M | 27.42M | 43.81M | 69.12M | -96.38M | -119.36M | -38.82M | -21.34M | -65.79M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| High Income Securities Fund | Nov 30, 2024 | 81,300 | 2.01M | 3.05% |
| Special Opportunities Fd | Sep 30, 2024 | 81,161 | 2.01M | 3.04% |
| EA Series Trust-EA Bridgeway Omni Small-Cap Value ETF | Sep 30, 2024 | 14,105 | 349,028 | 0.53% |
| Bridgeway Fds Inc-Omni Small Cap Value Fund | Sep 30, 2024 | 12,600 | 311,787 | 0.47% |
| Fidelity NASDAQ Composite Index Fund | Nov 30, 2024 | 3,628 | 89,774 | 0.14% |
Article
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.
Feb 4, 2025
Article
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.
Feb 1, 2025
Article
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.
Jan 31, 2025
