Portman Ridge Finance Corporation (PTMN)
| Market Cap | 115.13M |
| Revenue (ttm) | 58.02M |
| Net Income (ttm) | -10.50M |
| Shares Out | 9.20M |
| EPS (ttm) | -1.14 |
| PE Ratio | n/a |
| Forward PE | 6.16 |
| Dividend | $1.95 (15.29%) |
| Ex-Dividend Date | May 19, 2025 |
| Volume | 52,387 |
| Open | 12.55 |
| Previous Close | 12.75 |
| Day's Range | 12.51 - 12.56 |
| 52-Week Range | 11.48 - 19.95 |
| Beta | 0.51 |
| Analysts | Hold |
| Price Target | 14.00 (+11.91%) |
| Earnings Date | Aug 7, 2025 |
About PTMN
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. The fund primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agricult... [Read more]
Financial Performance
Financial StatementsAnalyst Summary
According to one analyst, the rating for PTMN stock is "Hold" and the 12-month stock price target is $14.0.
News
BDC Weekly Review: Portman Ridge Finance Wants To Start Over
We take a look at the action in business development companies through the third week of June and highlight some of the key themes we are watching. The BDC sector remains range-bound, with high-premiu...
Portman Ridge Finance Corporation Announces Shareholder Approval of Merger with Logan Ridge Finance Corporation
NEW YORK, June 27, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (“Portman Ridge” or “PTMN”) announced today that it obtained shareholder approval for the issuance of PTMN ...
BDC Weekly Review: Questions About BDC Income And Price Trends
We take a look at the action in business development companies through the first week of June and highlight some of the key themes we are watching. BDC are flat year-to-date on average, with valuation...
Portman Ridge Announces Change of Date to the Special Meeting of Stockholders to Allow Additional Time for Stockholders to Vote “FOR” the Share Issuance Proposal
Stockholders of PTMN Who Have Voted Thus Far Have Expressed Strong Support for the Proposed Merger Both Leading Independent Proxy Advisors, Institutional Shareholder Services (“ISS”) and Glass Lewis &...
Portman Ridge Finance: Q1 Earnings Reveal More Downside Risks
I maintain my sell rating on PTMN due to weak earnings, ongoing NAV decline, and deteriorating dividend coverage, despite a large discount to NAV. PTMN's portfolio quality is slipping, with non-accrua...
LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Logan Ridge Fina...
Portman Ridge Finance Corporation (PTMN) Q1 2025 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN) Q1 2025 Earnings Conference Call May 9, 2025 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Sc...
Portman Ridge Finance Corporation Announces First Quarter 2025 Financial Results
Reports Net Investment Income of $0.47 Per Share and Net Asset Value of $18.85 Per Share Deployment of Approximately $17.5 Million and Sales and Repayments of Approximately $15.7 Million for Net Deplo...
Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid
BDCs have gone through a notable repricing. Some of them are trading now at a deep discount territory. These deep discounts enhance the risk to reward ratios, especially for those that have been unfai...
Portman Ridge Finance Corporation Schedules First Quarter 2025 Earnings Release and Conference Call
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the first quarter ended March 31, ...
Portman Ridge Finance: NAV Continues To Slide (Rating Downgrade)
PTMN's NAV and earnings are declining, with poor new investment activity and a recent 32% dividend cut, prompting a downgrade to a sell rating. The portfolio is diverse and mostly secured, but non-acc...
Portman Ridge Finance Corporation (PTMN) Q4 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN) Q4 2024 Results Conference Call March 14, 2025 10:30 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick ...
Portman Ridge Finance Corporation Announces Fourth Quarter and Full Year 2024 Financial Results
Reports Net Investment Income of $2.59 Per Share for Full Year 2024 and Net Asset Value of $19.41 Per Share
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PTMN and LRFC on Behalf of Shareholders
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breac...
Portman Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the fourth quarter and full year en...
Portman Ridge Finance: Vulnerable To Higher Interest Rates
Portman Ridge Finance's price has declined by over 32% in three years due to high interest rates, but offers a 16.8% dividend yield. PTMN's portfolio is diverse, with 85.5% in first lien senior secure...
Portman Ridge Finance: This 16.4% Yield Is A Hold For Now, But Proceed With Caution
Portman Ridge Finance Corporation offers a high yield but has shown disappointing returns, with a nearly 20% decline over the past 3 years. The business development company's financials are concerning...
Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge”) and Logan Ridge Finance Corporation (Nasdaq: LRFC) (“Logan Ridge”) announced today that t...
Portman Ridge Finance Corporation (PTMN) Q3 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patr...
Portman Ridge Finance Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the third quarter ended September 3...
Portman Ridge Finance Corporation (PTMN) Q2 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President and Director Patri...
Portman Ridge Finance Corporation Announces Second Quarter 2024 Financial Results
Reports Net Investment Income of $0.70 Per Share and Net Asset Value of $21.21 Per Share Amends and Extends Existing Senior Secured Revolving Credit Facility; Upsizes Commitments to $200.0 Million fro...
Portman Ridge Finance Corporation Amends and Extends Its Senior Secured Revolving Credit Facility
Upsizes Commitments to $200.0 Million from $115.0 Million Reduces Interest Rate Margin to 2.50% from 2.80% NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) ...
Portman Ridge Finance: A Year Later, I Still Rate This 14% Yielding BDC A Hold
BDCs have performed well in recent years due to higher interest rates and strong economy, with 5-year total returns approaching 90%. Portman Ridge Finance Corporation has delivered a total return of a...
Portman Ridge Finance Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call
NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the second quarter ended June 30, 2...