Portman Ridge Finance - PTMN Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Portman Ridge Finance in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PTMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTMN, but not buy additional shares or sell existing shares.
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1 brokers have issued 1-year price objectives for Portman Ridge Finance's stock. Their PTMN share price forecasts range from $26.00 to $26.00. On average, they predict the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price.
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Portman Ridge Finance's stock was trading at $24.76 at the beginning of the year. Since then, PTMN shares have decreased by 3.1% and is now trading at $24.00.
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Portman Ridge Finance is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
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Portman Ridge Finance will be holding an earnings conference call on Wednesday, August 10th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Portman Ridge Finance Co. (NASDAQ:PTMN) issued its quarterly earnings data on Thursday, November, 4th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.09. The business earned $22.91 million during the quarter. Portman Ridge Finance had a net margin of 28.00% and a trailing twelve-month return on equity of 15.19%. During the same period last year, the company posted $0.60 earnings per share.

Portman Ridge Finance declared a quarterly dividend on Thursday, May 12th. Stockholders of record on Tuesday, May 24th will be given a dividend of $0.63 per share on Tuesday, June 7th. This represents a $2.52 dividend on an annualized basis and a yield of 10.50%. The ex-dividend date is Monday, May 23rd.
Read our dividend analysis for PTMN.

Portman Ridge Finance (NASDAQ:PTMN) pays an annual dividend of $2.52 per share and currently has a dividend yield of 10.48%. PTMN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 96.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PTMN will have a dividend payout ratio of 84.56% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PTMN.

Shares of Portman Ridge Finance reverse split before market open on Thursday, August 26th 2021. The 1-10 reverse split was announced on Thursday, August 26th 2021. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, August 26th 2021. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Portman Ridge Finance investors own include AGNC Investment (AGNC), Monroe Capital (MRCC), Anworth Mortgage Asset (ANH), Brookfield Property Partners (BPY), Capital Product Partners (CPLP), New Residential Investment (NRZ), New York Mortgage Trust (NYMT), PennantPark Investment (PNNT), Prospect Capital (PSEC) and BlackRock TCP Capital (TCPC).

Portman Ridge Finance trades on the NASDAQ under the ticker symbol "PTMN."

Portman Ridge Finance's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Advisors Asset Management Inc. (1.16%), Confluence Investment Management LLC (0.64%) and Clear Harbor Asset Management LLC (0.21%). Insiders that own company stock include Alexander Duka, Christopher Lacovara, Edward J Goldthorpe and Patrick Schafer.
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Shares of PTMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTMN stock can currently be purchased for approximately $24.00.

Portman Ridge Finance (NASDAQ:PTMN) has a market capitalization of $233.04 million and generates $80.09 million in revenue each year. The company earns $26.03 million in net income (profit) each year or $2.61 on an earnings per share basis.

Portman Ridge Finance's mailing address is 650 MADISON AVENUE 23TH FLOOR, NEW YORK NY, 10022. The official website for the company is www.portmanridge.com. The company can be reached via phone at (212) 891-2880 or via fax at 212-983-7654.