Portman Ridge Finance Stock Forecast, Price & News

Portman Ridge Finance's stock was trading at $1.69 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PTMN stock has increased by 10.7% and is now trading at $1.87.
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1 Wall Street equities 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 equities research analysts is that investors should "hold" Portman Ridge Finance stock. 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.
View analyst ratings for Portman Ridge Finance or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Portman Ridge Finance a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Portman Ridge Finance wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Portman Ridge Finance is scheduled to release its next quarterly earnings announcement on Friday, March 5th 2021.
View our earnings forecast for Portman Ridge Finance.

Portman Ridge Finance Co. (NASDAQ:PTMN) released its quarterly earnings data on Monday, November, 9th. The company reported $0.06 EPS for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.01. The firm had revenue of $7.79 million for the quarter. Portman Ridge Finance had a negative net margin of 91.87% and a positive return on equity of 7.42%.
View Portman Ridge Finance's earnings history.

Portman Ridge Finance announced a quarterly dividend on Friday, October 16th. Investors of record on Monday, October 26th will be paid a dividend of $0.06 per share on Friday, November 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 12.83%. The ex-dividend date is Friday, October 23rd.
View Portman Ridge Finance's dividend history.

Portman Ridge Finance pays an annual dividend of $0.24 per share and currently has a dividend yield of 12.90%. PTMN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Portman Ridge Finance does not yet have a strock track record of dividend growth. The dividend payout ratio of Portman Ridge Finance is 300.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Portman Ridge Finance will have a dividend payout ratio of 114.29% in the coming year. This indicates that Portman Ridge Finance may not be able to sustain their current dividend.
View Portman Ridge Finance's dividend history.

1 analysts have issued 12-month price objectives for Portman Ridge Finance's stock. Their forecasts range from $2.00 to $2.00. On average, they expect Portman Ridge Finance's share price to reach $2.00 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
View analysts' price targets for Portman Ridge Finance or view Wall Street analyst' top-rated stocks.

Portman Ridge Finance saw a increase in short interest in December. As of December 31st, there was short interest totaling 130,500 shares, an increase of 36.6% from the December 15th total of 95,500 shares. Based on an average trading volume of 322,100 shares, the short-interest ratio is presently 0.4 days.
View Portman Ridge Finance's Short Interest.

Some companies that are related to Portman Ridge Finance include Oaktree Strategic Income (OCSI), Stellus Capital Investment (SCM), TAAT Lifestyle & Wellness (TOBAF), Safeguard Scientifics (SFE), First Eagle Alternative Capital BDC (FCRD), Elron Electronic Industries (ELRNF), OFS Capital (OFS), Allied Minds (ALLWF), Investcorp Credit Management BDC (ICMB), 180 Degree Capital (TURN), Rand Capital (RAND), Capitala Finance (CPTA), Firsthand Technology Value Fund (SVVC), Live Ventures (LIVE) and Dragon Victory International (LYL).
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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 many different institutional and retail investors. Top institutional shareholders include Diversified Trust Co (0.04%). Company insiders that own Portman Ridge Finance stock include Alexander Duka, Christopher Lacovara, Edward J Goldthorpe and Patrick Schafer.
View institutional ownership trends for Portman Ridge Finance.

PTMN stock was sold by a variety of institutional investors in the last quarter, including Diversified Trust Co.
View insider buying and selling activity for Portman Ridge Finance or view top insider-selling stocks.

Shares of PTMN 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.

One share of PTMN stock can currently be purchased for approximately $1.87.

Portman Ridge Finance has a market capitalization of $82.60 million and generates $26.50 million in revenue each year. The company earns $-12,500,000.00 in net income (profit) each year or $0.08 on an earnings per share basis.

The official website for Portman Ridge Finance is www.portmanridge.com.

Portman Ridge Finance's mailing address is 650 MADISON AVENUE 23TH FLOOR, NEW YORK NY, 10022. The company can be reached via phone at (212) 891-2880.