September 21, 2023

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Portman Ridge Finance (NASDAQ:PTMN) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of Portman Ridge Finance (NASDAQ:PTMNGet Ranking) from a c+ score to a b- ranking in a report released on Thursday early morning, TheStreetRatingsTable studies.

Separately, Oppenheimer commenced protection on shares of Portman Ridge Finance in a report on Tuesday, July 5th. They issued a market complete ranking and a $26.00 focus on rate on the stock.

Portman Ridge Finance Stock Up .9 %

Shares of NASDAQ PTMN opened at $24.38 on Thursday. Portman Ridge Finance has a 1 calendar year reduced of $21.33 and a one calendar year substantial of $25.97. The enterprise has a personal debt-to-equity ratio of 1.25, a present-day ratio of 2.55 and a quick ratio of 2.55. The firm’s 50 working day basic moving typical is $23.00 and its two-hundred working day uncomplicated relocating common is $23.70. The stock has a market capitalization of $236.73 million, a P/E ratio of 9.34 and a beta of .97.

Portman Ridge Finance (NASDAQ:PTMNGet Rating) past issued its quarterly earnings final results on Tuesday, May perhaps 10th. The firm documented $.82 EPS for the quarter. Portman Ridge Finance experienced a web margin of 28.00% and a return on equity of 15.19%. The organization had revenue of $16.94 million for the quarter. All through the identical quarter in the preceding 12 months, the business gained $1.10 earnings for every share. As a team, analysts assume that Portman Ridge Finance will submit 2.81 EPS for the existing fiscal year.

Portman Ridge Finance Dividend Announcement

The business also lately announced a quarterly dividend, which was compensated on Tuesday, June 7th. Stockholders of record on Tuesday, May well 24th ended up issued a $.63 dividend. This represents a $2.52 annualized dividend and a dividend produce of 10.34%. The ex-dividend date was Monday, May perhaps 23rd. Portman Ridge Finance’s dividend payout ratio is 96.55%.

Institutional Inflows and Outflows

Institutional investors and hedge cash have a short while ago created adjustments to their positions in the organization. Raymond James & Associates bought a new placement in shares of Portman Ridge Finance in the fourth quarter worthy of close to $513,000. Connor Clark & Lunn Expense Management Ltd. boosted its holdings in Portman Ridge Finance by 77.4% in the fourth quarter. Connor Clark & Lunn Financial commitment Administration Ltd. now owns 28,029 shares of the company’s stock valued at $694,000 right after acquiring an supplemental 12,232 shares in the final quarter. Bulldog Traders LLP boosted its holdings in Portman Ridge Finance by 2.7% in the fourth quarter. Bulldog Traders LLP now owns 48,369 shares of the company’s stock valued at $1,198,000 right after obtaining an additional 1,284 shares in the final quarter. Confluence Expenditure Management LLC boosted its holdings in Portman Ridge Finance by 19.1% in the second quarter. Confluence Financial commitment Administration LLC now owns 62,459 shares of the company’s inventory valued at $1,463,000 right after buying an extra 10,011 shares in the final quarter. Last but not least, Advisors Asset Administration Inc. boosted its holdings in Portman Ridge Finance by 30.6% in the initial quarter. Advisors Asset Management Inc. now owns 83,805 shares of the company’s inventory valued at $2,026,000 after getting an supplemental 19,651 shares in the very last quarter. Institutional investors possess 26.29% of the company’s stock.

Portman Ridge Finance Organization Profile

(Get Rating)

Portman Ridge Finance Company is a organization progress corporation specializing in investments in unitranche loans (like past out), initial lien financial loans, next lien financial loans, subordinated personal debt, equity co-financial investment, buyout in center industry corporations. It also can make acquisitions in businesses complementary to the firm’s business enterprise.

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