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

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.

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.

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

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%.

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.

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.

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.

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), 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."

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 $19.25.

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.

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.