Portman Ridge Finance Corp (BCIC) – What Are Analysts Thinking About This Stock?

Portman Ridge Finance Corp (NASDAQ:BCIC) has received a consensus recommendation of “Reduce” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.25.

Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Portman Ridge Finance from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 9th. Zacks Research lowered Portman Ridge Finance from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Keefe, Bruyette & Woods cut their target price on shares of Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating for the company in a research note on Monday, August 10th. Finally, 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 report on Monday, August 10th.

Portman Ridge Finance Stock Down 1.8%

BCIC stock opened at $5.94 on Friday. Portman Ridge Finance has a fifty-two week low of $5.80 and a fifty-two week high of $13.50. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $73.54 million, a price-to-earnings ratio of -10.80 and a beta of 0.53. The business’s 50 day moving average price is $7.08 and its two-hundred day moving average price is $7.38.

Portman Ridge Finance Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 18.2%. The ex-dividend date of this dividend is Tuesday, December 15th. Portman Ridge Finance’s dividend payout ratio (DPR) 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 held companies through senior secured loans, second-lien and subordinated debt, and, to a lesser extent, equity investments.

Its portfolio is generally focused on companies across a range of industries and may include first-lien, unitranche and other structured debt investments. Portman Ridge seeks to generate income from its investment portfolio while also pursuing potential long-term capital appreciation through equity and other investments.

The company is externally managed and has historically operated under the investment-management platform of Sierra Crest Investment Management LLC.