Dean Kehler Sells 15,000 Shares of Portman Ridge Finance (NASDAQ:BCIC) Stock

Portman Ridge Finance Corp (NASDAQ:BCIC) Director Dean Kehler sold 15,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $7.64, for a total value of $114,600.00. Following the sale, the director owned 5,649 shares in the company, valued at approximately $43,158.36. The trade was a 72.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Portman Ridge Finance Price Performance

Shares of Portman Ridge Finance stock opened at $7.62 on Thursday. The company has a market cap of $94.34 million, a price-to-earnings ratio of -31.75 and a beta of 0.51. Portman Ridge Finance Corp has a one year low of $7.11 and a one year high of $13.50. The company’s 50-day simple moving average is $7.85. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.74.

Portman Ridge Finance Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 14.2%. Portman Ridge Finance’s dividend payout ratio is currently -450.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC bought a new stake in Portman Ridge Finance Corp (NASDAQ:BCIC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,468 shares of the company’s stock, valued at approximately $29,000. 30.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price target on Portman Ridge Finance from $14.00 to $9.00 and set a “market perform” rating on the stock in a report on Tuesday, March 10th. Zacks Research upgraded Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings lowered Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. LADENBURG THALM/SH SH lowered Portman Ridge Finance from a “buy” rating to a “neutral” rating in a report on Monday, March 9th. Finally, Wall Street Zen upgraded Portman Ridge Finance from a “sell” rating to a “hold” rating in a report on Wednesday, March 18th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $9.00.

Portman Ridge Finance Company Profile

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.