Shares of Portman Ridge Finance Corp (NASDAQ:PTMN) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also given Portman Ridge Finance an industry rank of 93 out of 256 based on the ratings given to its competitors.
Several research analysts have commented on PTMN shares. TheStreet lowered Portman Ridge Finance from a “b-” rating to a “c+” rating in a research report on Thursday, April 4th. Zacks Investment Research raised Portman Ridge Finance from a “sell” rating to a “hold” rating in a research report on Friday, May 31st.
Shares of PTMN opened at $2.60 on Monday. The stock has a market capitalization of $95.63 million, a PE ratio of 9.63 and a beta of 0.94. Portman Ridge Finance has a 1 year low of $2.50 and a 1 year high of $3.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.24 and a quick ratio of 0.24.
Portman Ridge Finance (NASDAQ:PTMN) last posted its earnings results on Friday, May 10th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.13). The business had revenue of $5.80 million for the quarter. Portman Ridge Finance had a positive return on equity of 3.28% and a negative net margin of 88.64%. As a group, sell-side analysts expect that Portman Ridge Finance will post 0.21 EPS for the current year.
A hedge fund recently bought a new stake in Portman Ridge Finance stock. Almitas Capital LLC purchased a new position in shares of Portman Ridge Finance Corp (NASDAQ:PTMN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,408 shares of the company’s stock, valued at approximately $70,000. Almitas Capital LLC owned 0.05% of Portman Ridge Finance as of its most recent SEC filing. 22.02% of the stock is owned by hedge funds and other institutional investors.
About Portman Ridge Finance
Portman Ridge Finance Corp. is a private equity fund and non-diversified closed-end investment company that invests in middle market companies generating consistent cash flows located in North America. It targets companies operating across a broad range of sectors such as aerospace and defense, automotive, beverage, food and tobacco, broadcasting and entertainment, buildings and real estate, personal and cargo transport, chemicals, plastics and rubber, containers, packaging and glass, diversified or conglomerate service, ecological, electronics, finance, and healthcare.
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