Portman Ridge Finance Corporation (PTMN)

NASDAQ: PTMN · Real-Time Price · USD
16.35
0.00 (0.00%)
Dec 20, 2024, 4:00 PM EST - Market closed
0.00%
Market Cap 150.63M
Revenue (ttm) 65.83M
Net Income (ttm) 3.60M
Shares Out 9.21M
EPS (ttm) 0.39
PE Ratio 42.38
Forward PE 6.28
Dividend $2.76 (16.88%)
Ex-Dividend Date Nov 19, 2024
Volume 43,522
Open 16.30
Previous Close 16.35
Day's Range 16.30 - 16.55
52-Week Range 16.21 - 20.84
Beta 0.95
Analysts Hold
Price Target 19.33 (+18.23%)
Earnings Date Nov 7, 2024

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 3 analysts, the average rating for PTMN stock is "Hold." The 12-month stock price forecast is $19.33, which is an increase of 18.23% from the latest price.

Price Target
$19.33
(18.23% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

2 days 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...

9 days 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 weeks 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...

2 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...

4 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...

4 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) ...

5 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...

5 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...

5 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...

8 months 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 ...

8 months 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, ...

9 months ago - GlobeNewsWire

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

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

10 months 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

10 months 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...

10 months 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

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

Portman Ridge Finance Corporation Announces Third Quarter 2023 Financial Results

Reports Strong Performance with Increases in Net Asset Value Per Share Quarter-over-Quarter, Core Investment Income and Net Investment Income Year-over-Year, While Also Continuing Share Repurchase Pro...

1 year ago - GlobeNewsWire

Portman Ridge Finance Corporation Schedules Third Quarter 2023 Earnings Release and Conference Call

NEW YORK, Oct. 18, 2023 (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...

1 year ago - GlobeNewsWire

Portman Ridge Finance Corporation Announces Second Quarter 2023 Financial Results

Reports Strong Performance with Elevated Total Investment Income, Core Investment Income and Net Investment Income Year-over-Year, While Also Continuing Share Repurchase Program in the Second Quarter ...

1 year ago - GlobeNewsWire

Portman Ridge - Seeking Total Return, But Not Finding It

Portman Ridge Finance has been struggling to outperform its peers and the S&P 500, with its stock underperforming over the past nine months. Despite a rise in total investment, core investment, and ne...

1 year ago - Seeking Alpha

Portman Ridge Finance Corporation Schedules Second Quarter 2023 Earnings Release and Conference Call

NEW YORK, July 13, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) to release its financial results for the second quarter ended June 30, 2023, on Wednesday, ...

1 year ago - GlobeNewsWire

Portman Ridge Finance Corporation to Present at the LD Micro Invitational Conference on June 6

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that its management team will be presenting at the LD Micro Invitational Co...

1 year ago - GlobeNewsWire

Portman Ridge Finance Corporation (PTMN) Q1 2023 Earnings Call Transcript

Portman Ridge Finance Corporation (NASDAQ:PTMN) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Company Participants Ted Goldthorpe - CEO, President and Director Jason Roos - CFO Patrick Sch...

1 year ago - Seeking Alpha