Professional
Added to YB: 2024-02-07
Pitch date: 2024-02-07
LRFC [bullish]
Logan Ridge Finance Corporation
-4.87%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
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.
Market Cap
$50.7M
Pitch Price
$20.06
Price Target
N/A
Dividend
7.55%
EV/EBITDA
N/A
P/E
-6.82
EV/Sales
6.92
Sector
Capital Markets
Category
turnaround
River Oaks Capital holding: Logan Ridge Financial ($LRFC)
$LRFC BDC trading at 60% of NAV. BC Partners turnaround nearly complete, merger with larger Portman Ridge BDC likely in 6-12mo for 17%+ div yield. If no deal, still undervalued with growing 8-10% yield + buybacks. Heads we win, tails we don't lose much.
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