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GOOGL   133.08 (+1.70%)
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NVDA   446.52 (+2.65%)
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NASDAQ:PTMN

Portman Ridge Finance (PTMN) Stock Forecast, Price & News

$19.12
-0.13 (-0.68%)
(As of 01:59 PM ET)
Compare
Today's Range
$18.93
$19.40
50-Day Range
$18.88
$20.81
52-Week Range
$18.00
$23.72
Volume
8,505 shs
Average Volume
17,869 shs
Market Capitalization
$181.83 million
P/E Ratio
N/A
Dividend Yield
14.44%
Price Target
$21.50

Portman Ridge Finance MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.6% Upside
$21.50 Price Target
Short Interest
Healthy
0.58% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.06mentions of Portman Ridge Finance in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.57 M Sold Last Quarter
Proj. Earnings Growth
-4.83%
From $3.31 to $3.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.61 out of 5 stars

Finance Sector

822nd out of 878 stocks

Investors, Not Elsewhere Classified Industry

12th out of 15 stocks


PTMN stock logo

About Portman Ridge Finance (NASDAQ:PTMN) Stock

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, mezzanine, 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. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.

PTMN Price History

PTMN Stock News Headlines

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See More Headlines
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PTMN Company Calendar

Last Earnings
8/09/2023
Ex-Dividend for 8/31 Dividend
8/21/2023
Dividend Payable
8/31/2023
Today
10/02/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Investors, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:PTMN
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.50
High Stock Price Forecast
$21.50
Low Stock Price Forecast
$21.50
Forecasted Upside/Downside
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-21,000,000.00
Pretax Margin
41.13%

Debt

Sales & Book Value

Annual Sales
$69.61 million
Cash Flow
$2.03 per share
Book Value
$24.16 per share

Miscellaneous

Free Float
9,299,000
Market Cap
$183.07 million
Optionable
Not Optionable
Beta
0.83
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Key Executives

  • Mr. Edward Joseph Goldthorpe (Age 46)
    Chairman, CEO & Pres
  • Mr. Jason T. Roos (Age 45)
    CFO, Sec. & Treasurer
  • Mr. Patrick  SchaferMr. Patrick Schafer (Age 38)
    Chief Investment Officer
  • Mr. David Isaac Held J.D. (Age 52)
    Chief Compliance Officer













PTMN Stock - Frequently Asked Questions

Should I buy or sell Portman Ridge Finance stock right now?

1 Wall Street 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 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.
View PTMN analyst ratings
or view top-rated stocks.

What is Portman Ridge Finance's stock price forecast for 2023?

1 Wall Street research analysts have issued twelve-month target prices for Portman Ridge Finance's stock. Their PTMN share price forecasts range from $21.50 to $21.50. On average, they anticipate the company's stock price to reach $21.50 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for PTMN
or view top-rated stocks among Wall Street analysts.

How have PTMN shares performed in 2023?

Portman Ridge Finance's stock was trading at $23.00 on January 1st, 2023. Since then, PTMN shares have decreased by 16.3% and is now trading at $19.25.
View the best growth stocks for 2023 here
.

When is Portman Ridge Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our PTMN earnings forecast
.

How were Portman Ridge Finance's earnings last quarter?

Portman Ridge Finance Co. (NASDAQ:PTMN) posted its quarterly earnings results on Wednesday, August, 9th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by $0.01. The company earned $19.63 million during the quarter, compared to analyst estimates of $20.16 million. Portman Ridge Finance had a negative net margin of 25.37% and a positive trailing twelve-month return on equity of 13.81%.

How often does Portman Ridge Finance pay dividends? What is the dividend yield for Portman Ridge Finance?

Portman Ridge Finance announced a quarterly dividend on Wednesday, August 9th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.69 per share on Thursday, August 31st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 14.34%. The ex-dividend date of this dividend is Monday, August 21st.
Read our dividend analysis for PTMN
.

Is Portman Ridge Finance a good dividend stock?

Portman Ridge Finance (NASDAQ:PTMN) pays an annual dividend of $2.76 per share and currently has a dividend yield of 14.34%. PTMN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PTMN.

When did Portman Ridge Finance's stock split?

Portman Ridge Finance's stock reverse split on the morning of 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.

What other stocks do shareholders of Portman Ridge Finance own?
What is Portman Ridge Finance's stock symbol?

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

How do I buy shares of Portman Ridge Finance?

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.
Compare Top Brokerages Here.

What is Portman Ridge Finance's stock price today?

One share of PTMN stock can currently be purchased for approximately $19.25.

How much money does Portman Ridge Finance make?

Portman Ridge Finance (NASDAQ:PTMN) has a market capitalization of $183.07 million and generates $69.61 million in revenue each year. The company earns $-21,000,000.00 in net income (profit) each year or ($2.04) on an earnings per share basis.

How can I contact Portman Ridge Finance?

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, via email at lcati@equityny.com, or via fax at 212-983-7654.

This page (NASDAQ:PTMN) was last updated on 10/2/2023 by MarketBeat.com Staff

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