Portman Ridge Finance Corp (NASDAQ:BCIC) to Issue $0.09 Monthly Dividend

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Thursday, May 7th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.09 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Wednesday, July 15th.

Portman Ridge Finance Trading Up 4.0%

Shares of BCIC traded up $0.32 during midday trading on Friday, hitting $8.18. The stock had a trading volume of 49,630 shares, compared to its average volume of 98,395. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $101.21 million, a price-to-earnings ratio of 14.34 and a beta of 0.51. The stock’s 50-day moving average price is $8.42. Portman Ridge Finance has a fifty-two week low of $7.11 and a fifty-two week high of $13.50.

Portman Ridge Finance (NASDAQ:BCIC) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.32 by $0.23. Portman Ridge Finance had a net margin of 18.79% and a return on equity of 12.91%. On average, analysts expect that Portman Ridge Finance will post 1.55 earnings per share for the current fiscal year.

About Portman Ridge Finance

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm’s business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors.