Portman Ridge Finance (PTMN) to Release Quarterly Earnings on Wednesday

Portman Ridge Finance (NASDAQ:PTMN) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Portman Ridge Finance (NASDAQ:PTMN) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $17.79 million during the quarter, compared to the consensus estimate of $18.56 million. Portman Ridge Finance had a net margin of 14.91% and a return on equity of 16.02%. On average, analysts expect Portman Ridge Finance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Portman Ridge Finance Trading Up 2.1 %

NASDAQ:PTMN opened at $19.72 on Tuesday. The firm has a market capitalization of $183.59 million, a price-to-earnings ratio of 16.43 and a beta of 0.96. The company has a debt-to-equity ratio of 1.51, a current ratio of 5.92 and a quick ratio of 5.92. The business has a fifty day moving average price of $19.06 and a 200-day moving average price of $18.26. Portman Ridge Finance has a one year low of $16.27 and a one year high of $21.20.

Portman Ridge Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 25th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 14.00%. The ex-dividend date was Friday, March 22nd. Portman Ridge Finance’s payout ratio is 230.00%.

Analyst Ratings Changes

PTMN has been the subject of a number of recent research reports. Oppenheimer reiterated a “market perform” rating and set a $20.00 price objective on shares of Portman Ridge Finance in a research note on Friday, March 15th. Keefe, Bruyette & Woods lowered their price target on shares of Portman Ridge Finance from $20.50 to $20.00 and set a “market perform” rating on the stock in a report on Monday, March 18th.

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, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.