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Portman Ridge Finance Corporation (PTMN)

NASDAQ: PTMN · IEX Real-Time Price · USD
24.41
+0.09 (0.37%)
After-hours:Oct 22, 2021 4:58 PM EDT
24.32
0.00 (0.00%)
At close: Oct 22, 4:00 PM
Market Cap222.05M
Revenue (ttm)67.55M
Net Income (ttm)76.22M
Shares Out7.75M
EPS (ttm)11.29
PE Ratio2.15
Forward PEn/a
Dividend$2.40 (9.87%)
Ex-Dividend DateAug 16, 2021
Volume18,390
Open24.32
Previous Close24.32
Day's Range24.31 - 24.46
52-Week Range11.57 - 25.20
Beta1.17
AnalystsBuy
Price Target28.75 (+18.2%)
Est. Earnings DateNov 8, 2021

About PTMN

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans, 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, educate, automotive, agriculture, aerospace/defense, packaging, elect...

IndustryCapital Markets
CEOTed Goldthorpe
CountryUnited States
Stock ExchangeNASDAQ
Ticker SymbolPTMN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for PTMN stock is "Buy." The 12-month stock price forecast is 28.75, which is an increase of 18.22% from the latest price.

Price Target
$28.75
(18.22% upside)
Analyst Consensus: Buy

News

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3 weeks ago - Zacks Investment Research

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...

4 weeks ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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-...

1 month ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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.

3 months ago - Zacks Investment Research

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...

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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

NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) -- Harvest Capital Credit Corporation (NASDAQ: HCAP) (“HCAP”) and Portman Ridge Finance Corporation (NASDAQ: PTMN) (“PTMN”) today announced that the deadline (the...

4 months ago - GlobeNewsWire

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,...

5 months ago - GlobeNewsWire

Portman Ridge Finance Corporation to Report First Quarter 2021 Financial Results and Hold Conference Call

Call Scheduled for 8:00 a.m. Eastern Time on Friday, May 7, 2021 Call Scheduled for 8:00 a.m. Eastern Time on Friday, May 7, 2021

5 months ago - GlobeNewsWire

Portman Ridge Finance Corporation Announces Fourth Quarter and Full Year 2020 Financial Results

NEW YORK, March 11, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the fourth quarter and full yea...

7 months ago - GlobeNewsWire

Portman Ridge Finance Corporation Announces Distribution of $0.06 per Share

NEW YORK, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a business development company, today announced that its Board of Directo...

8 months ago - GlobeNewsWire

Portman Ridge Finance Corporation Names Jason T. Roos As Chief Financial Officer

NEW YORK, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a business development company, today announced that its Chief Financial ...

9 months ago - GlobeNewsWire

Harvest Capital Credit Corporation to Merge into Portman Ridge Finance Corporation

Combined Entity Will be Managed by an Affiliate of BC Partners Advisors L.P.; Companies to Host Conference Call at 8:30 AM ET on December 24, 2020 to Discuss Combined Entity Will be Managed by an Affili...

9 months ago - GlobeNewsWire

Portman Ridge: Can This 14.7% Yielder Grow Its Way To Stronger Dividend Coverage?

PTMN trades at a stunning 43% discount to NAV and yields 14.7%. PTMN reported a strong Q3 earnings report with higher NAV and improvements in credit quality.

10 months ago - Seeking Alpha

Portman Ridge Finance Corporation (PTMN) CEO Ted Goldthorpe on Q3 2020 Results - Earnings Call Transcript

Portman Ridge Finance Corporation (PTMN) CEO Ted Goldthorpe on Q3 2020 Results - Earnings Call Transcript

11 months ago - Seeking Alpha

Portman Ridge Finance Corporation to Report Third Quarter 2020 Financial Results on November 9th, 2020; Conference Ca...

NEW YORK--(BUSINESS WIRE)--Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) will release its financial results for the quarter ended September 30, 2020 on Monday, November 9th, 2020 afte...

11 months ago - Business Wire

Portman Ridge Finance Corporation Closes Merger with Garrison Capital Inc.

NEW YORK--(BUSINESS WIRE)--Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “PTMN”) and Garrison Capital Inc. (formerly Nasdaq: GARS) (“GARS”) announced today the closing (the “Closing...

11 months ago - Business Wire

Portman Ridge Finance Corporation and Garrison Capital Inc. Announce Stockholder Approval of Merger

NEW YORK--(BUSINESS WIRE)--Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “PTMN”) and Garrison Capital Inc. (Nasdaq: GARS) (“GARS”) announced today that each company has obtained sto...

1 year ago - Business Wire

Portman Ridge Finance Corporation Announces Distribution of $0.06 per Share

NEW YORK--(BUSINESS WIRE)--Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a business development company, today announced that its Board of Directors approved a cas...

1 year ago - Business Wire

Portman Ridge - The Good, The Bad And The Ugly

Recent management changes and the anticipated merger with Garrison Capital add a considerable amount of uncertainty for future performance.

1 year ago - Seeking Alpha