Logan Ridge Finance Q4 Preliminary Results: Net Investment Income Of $0.6M Or $0.22/Share, And Net Asset Value $33.34 Per Share Down From $34.78 Per Share QoQ.
Portfolio Pulse from Benzinga Newsdesk
Logan Ridge Finance Corporation (LRFC) reported preliminary Q4 results with a Net Investment Income of $0.6M or $0.22/share, and a decrease in Net Asset Value from $34.78 to $33.34 per share QoQ. The company also announced a delay in its investor conference call due to additional time needed for year-end financial statements related to a tax item, which is not expected to impact net asset value or net income.
March 13, 2024 | 6:11 am
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Logan Ridge Finance reported a decrease in Net Asset Value and a delay in its investor conference call due to year-end financial statement completion.
The decrease in Net Asset Value per share and the delay in the investor conference call due to financial statement completion could lead to negative investor sentiment in the short term. The non-recurring charge and the placement of a portfolio company on non-accrual during Q4 also contribute to potential concerns about asset quality and income stability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100