River Oaks Capital, an investment management company, released its fourth-quarter investor letter. A copy of the letter can be downloaded here. For the one year period, the fund returned 23.9% compared to the Russell 2000 TR’s 11.5% return and the Russell Microcap TR’s 13.7% return. In addition, please check the fund’s top five holdings to know its best picks in 2024.
In its fourth quarter 2024 investor letter, River Oaks Capital emphasized stocks such as Logan Ridge Finance Corporation (NASDAQ:LRFC). Logan Ridge Finance Corporation (NASDAQ:LRFC) is a Business Development Company. The one-month return of Logan Ridge Finance Corporation (NASDAQ:LRFC) was -1.98%, and its shares gained 10.28% of their value over the last 52 weeks. On February 21, 2025, Logan Ridge Finance Corporation (NASDAQ:LRFC) stock closed at $24.78 per share with a market capitalization of $66.07 million.
River Oaks Capital stated the following regarding Logan Ridge Finance Corporation (NASDAQ:LRFC) in its Q4 2024 investor letter:
“Logan Ridge Finance Corporation (NASDAQ:LRFC) is a BDC (Business Development Company) that provides financing for small and midsize private companies in the form of either debt or equity. This is an option of financing for those companies that outgrow their local bank but aren’t big enough for Wall Street or larger banks. It is our eleventh largest position in the fund and now has a market cap of $65m.
I recently visited Ted Goldthorpe (CEO of Logan Ridge, Portman Ridge and BC Partners Private Credit) and the rest of the Logan Ridge team in New York.
Before I flew up, a letter had been released that Portman Ridge is looking for various strategic ways to acquire Logan Ridge – the acquisition I have talked about for many letters now that was bound to happen…” (Click here to read the full text)
A row of commercial airplanes on a runway, their engines running and ready for takeoff.
Logan Ridge Finance Corporation (NASDAQ:LRFC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 3 hedge fund portfolios held Logan Ridge Finance Corporation (NASDAQ:LRFC) at the end of the fourth quarter compared to 3 in the third quarter. While we acknowledge the potential of Logan Ridge Finance Corporation (NASDAQ:LRFC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article we discussed Logan Ridge Finance Corporation (NASDAQ:LRFC) and shared River Oaks Capital’s views on the company in the previous qurtar. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.