Logan Ridge Finance Corp
NASDAQ:LRFC
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LRFC's latest stock split occurred on Aug 24, 2020
The company executed a 1-for-6 stock split, meaning that for every 6 shares held, investors received 1 new share.
Before the split, LRFC traded at 2.07 per share. Afterward, the share price was about 9.5578.
The adjusted shares began trading on Aug 24, 2020. This was the only stock split in LRFC's history.
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Logan Ridge Finance Corp
Glance View
Logan Ridge Finance Corp. is a business development company that provides capital to lower middle market companies located in the US with an EBITDA ranging from $5 million to $50 million and with revenues of at least $15 million. The company is headquartered in New York City, New York. The company went IPO on 2013-09-25. The firm invests primarily in first lien loans, second lien loans and equity securities issued by middle market companies. The firm invests in middle market businesses that operate across a range of industries, such as aerospace/defense, business services, consumer products, education, food and beverage, healthcare, industrial and environmental services, logistics and distribution, manufacturing, and media and telecommunications. Capitala Business Lending, LLC is the wholly owned subsidiary of the Company. The company provides financial solutions for middle market companies, making debt and equity investments throughout the United States. The firm's investment advisor is Mount Logan Management LLC (Mount Logan).
