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 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
$20.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-6.82
EV/Sales
6.92
Sector
Capital Markets
Category
turnaround
River Oaks Capital holding: Logan Ridge Financial ($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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