Portman Ridge Finance Corporation (PTMN)

NASDAQ: PTMN · Real-Time Price · USD
11.98
+0.11 (0.93%)
Apr 17, 2025, 4:00 PM EDT - Market closed
0.93%
Market Cap 110.61M
Revenue (ttm) 62.43M
Net Income (ttm) -5.94M
Shares Out 9.20M
EPS (ttm) -0.64
PE Ratio n/a
Forward PE 4.94
Dividend $2.16 (18.03%)
Ex-Dividend Date Mar 24, 2025
Volume 70,998
Open 11.98
Previous Close 11.87
Day's Range 11.98 - 12.01
52-Week Range 11.60 - 20.84
Beta 0.59
Analysts Hold
Price Target 14.00 (+16.86%)
Earnings Date May 8, 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]

Sector Financials
Founded 2006
Employees 13
Stock Exchange NASDAQ
Ticker Symbol PTMN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for PTMN stock is "Hold" and the 12-month stock price forecast is $14.0.

Price Target
$14.0
(16.86% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

Other symbols: BIZDLRFCMAINPSEC
1 day ago - Seeking Alpha

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, ...

15 days ago - GlobeNewsWire

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...

4 weeks ago - Seeking Alpha

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 ...

5 weeks ago - Seeking Alpha

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

5 weeks ago - GlobeNewsWire

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...

Other symbols: LRFC
2 months ago - GlobeNewsWire

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...

Other symbols: LRFC
2 months ago - Business Wire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

4 months ago - GlobeNewsWire

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...

5 months ago - Seeking Alpha

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...

6 months ago - GlobeNewsWire

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...

8 months ago - Seeking Alpha

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...

9 months ago - GlobeNewsWire

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) ...

9 months ago - GlobeNewsWire

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...

10 months ago - Seeking Alpha

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...

10 months ago - GlobeNewsWire

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...

1 year ago - Seeking Alpha

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 ...

1 year ago - GlobeNewsWire

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, ...

1 year ago - GlobeNewsWire

Portman Ridge Finance Corporation (PTMN) Q4 2023 Earnings Call Transcript

Portman Ridge Finance Corporation (PTMN) Q4 2023 Earnings Call Transcript

1 year ago - Seeking Alpha

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

1 year ago - GlobeNewsWire

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...

1 year ago - Seeking Alpha

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...

1 year ago - GlobeNewsWire