Portman Ridge Finance Corp (NASDAQ:BCIC) Plans Monthly Dividend of $0.09

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, March 5th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.09 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date of this dividend is Monday, June 15th.

Portman Ridge Finance Price Performance

Shares of BCIC stock traded down $0.05 during mid-day trading on Friday, hitting $7.46. The stock had a trading volume of 50,383 shares, compared to its average volume of 65,396. Portman Ridge Finance has a 12-month low of $7.11 and a 12-month high of $13.50. The firm has a market capitalization of $92.35 million, a price-to-earnings ratio of -31.08 and a beta of 0.50. The stock has a 50-day moving average of $7.75. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.74.

Insider Buying and Selling

In other Portman Ridge Finance news, Director Dean C. Kehler sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $7.64, for a total value of $114,600.00. Following the sale, the director directly owned 5,649 shares of the company’s stock, valued at approximately $43,158.36. This trade represents a 72.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 68,467 shares of company stock valued at $530,757 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Portman Ridge Finance

A hedge fund recently bought a new stake in Portman Ridge Finance stock. Arlington Trust Co LLC purchased a new position in Portman Ridge Finance Corp (NASDAQ:BCIC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,468 shares of the company’s stock, valued at approximately $29,000. Institutional investors and hedge funds own 30.14% of the company’s stock.

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.