Portman Ridge Finance (NASDAQ:BCIC) Director Dean Kehler Sells 27,378 Shares

Key Points

• Director Dean Kehler sold 27,378 shares on March 19 at an average of $7.60 for about $208,073, leaving him with 57,749 shares and a 32.16% reduction in his position, per an SEC filing.
• The company declared a monthly dividend of $0.09 per share (record/ex‑dividend date June 15, paid June 30), implying a high annualized yield of 14.5% but a payout ratio of 224.56%, which may be unsustainable.
• Market sentiment is negative: the consensus rating is "Reduce" with an average target of $9.00, and the stock trades around $7.47 (near its one‑year low) with above‑average volume.

Portman Ridge Finance Corp (NASDAQ:BCIC - Get Free Report) Director Dean Kehler sold 27,378 shares of Portman Ridge Finance stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $7.60, for a total value of $208,072.80. Following the completion of the transaction, the director owned 57,749 shares of the company's stock, valued at approximately $438,892.40. This represents a 32.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Portman Ridge Finance Stock Performance

NASDAQ BCIC traded down $0.33 during trading hours on Thursday, reaching $7.47. The company's stock had a trading volume of 216,619 shares, compared to its average volume of 128,314. The stock has a market capitalization of $92.55 million, a price-to-earnings ratio of 3.50 and a beta of 0.39. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 1.47. Portman Ridge Finance Corp has a 1-year low of $7.45 and a 1-year high of $15.69.

Portman Ridge Finance Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 14.5%. Portman Ridge Finance's dividend payout ratio is currently 224.56%.

Institutional Trading of Portman Ridge Finance

An institutional investor recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC purchased a new position in shares of Portman Ridge Finance Corp (NASDAQ:BCIC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,468 shares of the company's stock, valued at approximately $29,000. Institutional investors and hedge funds own 30.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BCIC shares. LADENBURG THALM/SH SH cut shares of Portman Ridge Finance from a "buy" rating to a "neutral" rating in a research note on Monday, March 9th. Zacks Research lowered shares of Portman Ridge Finance from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded Portman Ridge Finance from a "sell" rating to a "hold" rating in a report on Wednesday. Keefe, Bruyette & Woods cut their price objective on Portman Ridge Finance from $14.00 to $9.00 and set a "market perform" rating for the company in a research note on Tuesday, March 10th. Finally, Weiss Ratings downgraded Portman Ridge Finance from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, February 23rd. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $9.00.

About Portman Ridge Finance

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/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors.

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