Portman Ridge Finance Corporation (PTMN)

NASDAQ: PTMN · IEX Real-Time Price · USD
24.00
0.00 (0.00%)
Aug 11, 2022 4:00 PM EDT - Market closed
0.00%
Market Cap 230.40M
Revenue (ttm) 72.22M
Net Income (ttm) 2.77M
Shares Out 9.60M
EPS (ttm) 2.40
PE Ratio 10.00
Forward PE 9.70
Dividend $2.48 (10.33%)
Ex-Dividend Date Aug 15, 2022
Volume 36,213
Open 23.94
Previous Close 24.00
Day's Range 23.82 - 24.14
52-Week Range 21.33 - 25.97
Beta 0.91
Analysts Buy
Price Target 26.52 (+10.5%)
Earnings Date Aug 9, 2022

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, 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, aerospace/de... [Read more...]

Industry Capital Markets
CEO Ted Goldthorpe
Country United States
Stock Exchange NASDAQ
Ticker Symbol PTMN
Full Company Profile

Financial Performance

In 2021, PTMN's revenue was $80.09 million, an increase of 87.27% compared to the previous year's $42.76 million. Earnings were $26.03 million, a decrease of -17.57%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for PTMN stock is "Buy." The 12-month stock price forecast is 26.52, which is an increase of 10.50% from the latest price.

Price Target
$26.52
(10.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Portman Ridge Finance Corporation Announces Second Quarter 2022 Financial Results

Reports Strong Investment Activity and Lower Non-Accruals; Reduces Cost of Capital     Maintains its Quarterly Distribution of $0.63 per Share

Portman Ridge Finance Corporation Schedules Second Quarter 2022 Earnings Release and Conference Call

Call Scheduled for 9:00 a.m. ET on Wednesday, August 10, 2022 Call Scheduled for 9:00 a.m. ET on Wednesday, August 10, 2022

Portman Ridge (PTMN) Upgraded to Strong Buy: Here's What You Should Know

Portman Ridge (PTMN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Best Income Stocks to Buy for July 5th

SU, PTMN, and RYI made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 5, 2022.

Other symbols: RYISU

New Strong Buy Stocks for July 5th

CHS, PTMN, RYI, NVO and TMUS have been added to the Zacks Rank #1 (Strong Buy) List on July 5, 2022.

Other symbols: CHSNVORYITMUS

Is Portman Ridge Finance (PTMN) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

Portman Ridge Finance Corporation Announces First Quarter 2022 Financial Results

Well Positioned to Further Improve Portfolio Performance and Increase Investment Income in 2022; Refinances JPMorgan Chase Bank (“JPM”) Credit Facility and Reduces Cost of Capital

Portman Ridge Finance Corporation Resumes Share Repurchase Under a New 10b5-1 Stock Trading Plan

NEW YORK, March 21, 2022 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that it has entered into a new Rule 10b5-1 stock trading plan to facilitate ...

Portman Ridge Finance Corporation Announces Full Year 2021 Financial Results

Increases Quarterly Distribution to $0.63 Per Share Increases Quarterly Distribution to $0.63 Per Share

Portman Ridge Finance Corporation to Present at the Sidoti Virtual Small Cap Conference

NEW YORK, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) will participate in the Sidoti Virtual Small Cap Conference taking place on January 19-20, 2022.

Portman Ridge (PTMN) Is a Great Choice for "Trend" Investors, Here's Why

If you are looking for stocks that are well positioned to maintain their recent uptrend, Portman Ridge (PTMN) could be a great choice. It is one of the several stocks that passed through our "Recent Pri...

Portman Ridge Finance Corporation Reports Third Quarter 2021 Earnings Results; Declares Quarterly Distribution of $0....

NEW YORK, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the third quarter ended Septembe...

Portman Ridge Finance Corporation Schedules Third Quarter 2021 Earnings Release and Conference Call

Call Scheduled for 11:00 a.m. Eastern Time on Friday, November 5, 2021 Call Scheduled for 11:00 a.m. Eastern Time on Friday, November 5, 2021

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Let's take a look at the six buy-ranked stocks with solid net profit margins for an enriching portfolio.

Other symbols: ESEAFNFKTSTRLUFI

What Makes Portman Ridge (PTMN) a Good Fit for "Trend Investing"

Portman Ridge (PTMN) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Portman Ridge Finance Corporation Announces Completion of its Previously Announced 1-for-10 Reverse Stock Split

NEW YORK, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”, “Portman Ridge”, or “PTMN”) reported that its previously announced 1-for-10 reverse stock spl...

Portman Ridge Finance Corporation Announces Further Detail on its Previously Announced 1-for-10 Reverse Stock Split

NEW YORK, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”, “Portman Ridge”, or “PTMN”) reported that it expects to implement the previously announced 1-...

Portman Ridge Finance Corporation Reports Second Quarter 2021 Earnings Results; Declares Quarterly Distribution of $0...

NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the second quarter ended June 30...

Portman Ridge Finance Corporation Resumes Share Buyback Program

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “Portman Ridge”) today provided an update on its previously announced share buyback program...

Portman Ridge Finance Corporation Schedules Second Quarter 2021 Earnings Release and Conference Call

Call Scheduled for 11:00 a.m. Eastern Time on Friday, August 6, 2021 Call Scheduled for 11:00 a.m. Eastern Time on Friday, August 6, 2021

Should Value Investors Choose Portman Ridge Finance Stock?

Let's see if Portman Ridge Finance (PTMN) stock is a good choice for value-oriented investors right now from multiple angles.

Portman Ridge Finance Corporation Closes Private Placement of $28 Million of 4.875% Senior Unsecured Notes due 2026

NEW YORK, June 24, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a business development company, today announced that on June 23, 2021, it...

Portman Ridge Finance Corporation Completes Merger with Harvest Capital Credit Corporation

NEW YORK, June 09, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “PTMN”) announced today the closing of the previously announced merger with Harvest Capital...

Portman Ridge Finance Corporation and Harvest Capital Credit Corporation Announce Election Deadline for HCAP Stockhol...

NEW YORK--(BUSINESS WIRE)--Harvest Capital Credit Corporation (NASDAQ: HCAP) (“HCAP”) and Portman Ridge Finance Corporation (NASDAQ: PTMN) (“PTMN”) today announced that the deadline (the “Election Deadl...

Portman Ridge Finance Corporation Announces First Quarter 2021 Financial Results; Declares Quarterly Distribution of ...

NEW YORK, May 06, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the first quarter ended March 31,...