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

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Wednesday, November 11th. Investors of record on Tuesday, February 16th will be paid a dividend of $0.09 per share on Tuesday, March 2nd. This represents a $1.08 annualized dividend and a dividend yield of 16.4%. The ex-dividend date of this dividend is Tuesday, February 16th.

Portman Ridge Finance Price Performance

Shares of Portman Ridge Finance stock opened at $6.57 on Thursday. The business’s fifty day moving average price is $6.69 and its 200 day moving average price is $7.97. Portman Ridge Finance has a twelve month low of $5.78 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. The stock has a market capitalization of $81.34 million, a P/E ratio of -11.95 and a beta of 0.55.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BCIC. Zacks Research upgraded Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Keefe, Bruyette & Woods decreased their target price on Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating for the company in a report on Monday, August 10th. Weiss Ratings upgraded Portman Ridge Finance from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, October 28th. Finally, Oppenheimer dropped their target price on shares of Portman Ridge Finance from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, August 10th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Portman Ridge Finance has a consensus rating of “Reduce” and a consensus price target of $9.25.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities. Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.