Portman Ridge Finance Corp (NASDAQ:BCIC) Stock Has Average Price Target of $9.25

Shares of Portman Ridge Finance Corp (NASDAQ:BCIC) have been assigned a consensus rating of “Reduce” from the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $9.25.

A number of equities analysts have commented on BCIC shares. Keefe, Bruyette & Woods cut their price objective on shares of Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating on the stock in a report on Monday, August 10th. Oppenheimer lowered their target price on Portman Ridge Finance from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, August 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Portman Ridge Finance in a report on Wednesday, August 19th.

Portman Ridge Finance Price Performance

BCIC opened at $6.89 on Tuesday. The company has a fifty day simple moving average of $7.32 and a 200 day simple moving average of $7.47. The firm has a market cap of $85.30 million, a price-to-earnings ratio of -12.53 and a beta of 0.53. Portman Ridge Finance has a twelve month low of $6.70 and a twelve month high of $13.50. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.56.

Portman Ridge Finance Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date of this dividend is Tuesday, December 15th. Portman Ridge Finance’s dividend payout ratio is presently -196.36%.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company that provides financing to middle-market businesses. The company primarily invests in privately originated debt and equity securities, with an emphasis on senior secured loans and other forms of credit designed to generate income while supporting the growth and operations of its portfolio companies.

In addition to direct investments, Portman Ridge Finance has invested in broadly syndicated loans and collateralized loan obligation vehicles.