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Logan Ridge Finance (LRFC)
NASDAQ:LRFC
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.35Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -16.98%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
Logan Ridge Finance Corporation reported a strong financial performance for 2024, with record investment income and strategic achievements such as the successful sale of major equity positions and a merger with Portman Ridge. Despite a slight decrease in net asset value and stable non-accrual investments, the overall sentiment is positive due to significant strides in portfolio management and financial flexibility.Company Guidance
During the fourth quarter and full year 2024 earnings call for Logan Ridge Finance Corporation, the company reported record financial performance, including the highest total investment income and net investment income in its history, at $20.9 million, $4.2 million, and $1.56 per share, respectively. Key achievements included the sale of a significant equity position, Nth Degree, for $17.5 million, and the exit of another major non-yielding equity investment in GA Communications. The company also successfully amended its revolving credit facility, enhancing its financial flexibility. The merger with Portman Ridge Finance Corporation was a focal point, with expectations of improved scale and efficiencies. As of December 31, 2024, the fair value of Logan's portfolio was approximately $172.3 million, with 83.3% in debt investments bearing a weighted average annualized yield of 10.7%. The board approved a dividend of $0.36 per share for the fourth quarter, maintaining the prior quarter's rate. The company ended the year with $15 million in cash and cash equivalents and $26.2 million in unused borrowing capacity.Record Investment Income
Logan Ridge achieved the highest total investment income and net investment income in its history, at $20.9 million, $4.2 million, and $1.56 per share, respectively.
Strategic Equity Portfolio Rotation
Successful sale of the largest equity position, Nth Degree, for $17.5 million in cash, and the exit of the second largest non-yielding equity investment in GA Communications.
Merger with Portman Ridge
Announced an accretive merger with Portman Ridge Finance Corporation, expected to create greater scale and operating efficiencies.
No New Non-Accruals
Ended the year with no new non-accruals during the fourth quarter of 2024.
Strengthened Balance Sheet
Amended and extended the revolving credit facility with KeyBanc, reducing the cost of financing and increasing financial flexibility.
Dividend Announcement
Board of directors approved a dividend of $0.36 per share for the fourth quarter of 2024, consistent with the prior quarter.
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LRFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LRFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $24.27 | $23.07 | -4.94% |
| Nov 07, 2024 | $24.23 | $24.44 | +0.87% |
| Aug 08, 2024 | $20.82 | $20.72 | -0.48% |
| May 08, 2024 | $20.72 | $20.94 | +1.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Logan Ridge Finance (LRFC) report earnings?
Logan Ridge Finance (LRFC) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Logan Ridge Finance (LRFC) earnings time?
Logan Ridge Finance (LRFC) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LRFC EPS forecast?
LRFC EPS forecast for the fiscal quarter 2025 (Q1) is 0.37.
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