Portman Ridge Finance Corporation (PTMN)
| Market Cap | 132.13M |
| Revenue (ttm) | 62.43M |
| Net Income (ttm) | -5.94M |
| Shares Out | 9.20M |
| EPS (ttm) | -0.64 |
| PE Ratio | n/a |
| Forward PE | 5.91 |
| Dividend | $2.16 (15.04%) |
| Ex-Dividend Date | Mar 24, 2025 |
| Volume | 55,097 |
| Open | 14.50 |
| Previous Close | 14.45 |
| Day's Range | 14.34 - 14.60 |
| 52-Week Range | 14.30 - 20.84 |
| Beta | 0.95 |
| Analysts | Hold |
| Price Target | 16.00 (+11.38%) |
| Earnings Date | Mar 13, 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. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, a... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to one analyst, the rating for PTMN stock is "Hold" and the 12-month stock price forecast is $16.0.
News
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...
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 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...
Portman Ridge Finance Corporation (PTMN) Q1 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Sch...
Portman Ridge Finance Corporation Announces First Quarter 2024 Financial Results
Reports Net Investment Income of $0.67 Per Share and Net Asset Value of $22.57 Per Share Continued Share Repurchase Program: Total of 51,015 Shares for an Aggregate Cost of Approximately $1.0 Million ...
Portman Ridge Finance Corporation Schedules First Quarter 2024 Earnings Release and Conference Call
NEW YORK, April 12, 2024 (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 Corporation (PTMN) Q4 2023 Earnings Call Transcript
Portman Ridge Finance Corporation (PTMN) Q4 2023 Earnings Call Transcript
Portman Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results
Reports Strong Year-Over-Year Performance with Total Investment Income of $76.3 Million, an Increase of 9.6% and Net Investment Income of $34.8 Million
Portman Ridge Finance's Transformation Is Nearly Complete, So It's Time To Reconsider This 14.5% Yielding BDC
BCPC created PTMN by purchasing several underperforming BDCs with the goal of selling off the Legacy investments and replacing them with Core MM Loans ("Portfolio Optimization Process"). The Portfolio...
Portman Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
NEW YORK, Jan. 17, 2024 (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: Complicated 15% Dividend At An 18.5% Discount To NAV
Portman Ridge Finance is a small business development company investing in middle market businesses across various sectors. The company's portfolio at fair value has been falling with its net asset va...
Portman Ridge Finance Corporation (PTMN) Q3 2023 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN) Q3 2023 Results Conference Call November 9, 2023 4:00 PM ET Company Participants Ted Goldthorpe - Chairman, CEO and President Patrick Schafer - Chief I...