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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
NASDAQ:PTMN

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

$19.29
+0.04 (+0.21%)
(As of 04/12/2024 ET)
Today's Range
$19.15
$19.34
50-Day Range
$18.38
$19.50
52-Week Range
$16.27
$21.20
Volume
21,191 shs
Average Volume
45,029 shs
Market Capitalization
$180.15 million
P/E Ratio
16.08
Dividend Yield
14.31%
Price Target
$20.00

Portman Ridge Finance MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.7% Upside
$20.00 Price Target
Short Interest
Healthy
0.30% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Portman Ridge Finance in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.50%
From $2.86 to $2.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.07 out of 5 stars

Finance Sector

2311th out of 2,577 stocks

Investors, Not Elsewhere Classified Industry

19th out of 45 stocks

PTMN stock logo

About Portman Ridge Finance Stock (NASDAQ:PTMN)

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 Stock Price History

PTMN Stock News Headlines

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Q4 2023 Portman Ridge Finance Corp Earnings Call
Portman Ridge Finance Corp
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Earnings Outlook For Portman Ridge Finance
Portman Ridge Finance Corp PTMN
Q3 2023 Portman Ridge Finance Corp Earnings Call
PTMN - Portman Ridge Finance Corporation
See More Headlines
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Company Calendar

Last Earnings
3/13/2024
Ex-Dividend for 4/2 Dividend
3/22/2024
Dividend Payable
4/02/2024
Today
4/12/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$20.00
High Stock Price Target
$20.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$11.38 million
Pretax Margin
45.56%

Debt

Sales & Book Value

Annual Sales
$12.74 million
Cash Flow
$3.08 per share
Book Value
$22.60 per share

Miscellaneous

Free Float
9,134,000
Market Cap
$180.15 million
Optionable
Optionable
Beta
0.95
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PTMN Stock Analysis - Frequently Asked Questions

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Portman Ridge Finance in the last year. There are currently 2 hold ratings 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 target for 2024?

2 brokers have issued 12 month price objectives for Portman Ridge Finance's stock. Their PTMN share price targets range from $20.00 to $20.00. On average, they expect the company's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 3.7% 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 2024?

Portman Ridge Finance's stock was trading at $18.19 on January 1st, 2024. Since then, PTMN shares have increased by 6.0% and is now trading at $19.29.
View the best growth stocks for 2024 here
.

Are investors shorting Portman Ridge Finance?

Portman Ridge Finance saw a increase in short interest in March. As of March 31st, there was short interest totaling 27,200 shares, an increase of 61.9% from the March 15th total of 16,800 shares. Based on an average trading volume of 45,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company's stock are short sold.
View Portman Ridge Finance's Short Interest
.

When is Portman Ridge Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PTMN earnings forecast
.

How were Portman Ridge Finance's earnings last quarter?

Portman Ridge Finance Co. (NASDAQ:PTMN) issued its quarterly earnings data on Wednesday, March, 13th. The company reported $1.19 EPS for the quarter. The company earned $17.79 million during the quarter, compared to the consensus estimate of $18.56 million. Portman Ridge Finance had a net margin of 14.91% and a trailing twelve-month return on equity of 16.02%.

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, March 13th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.69 per share on Tuesday, April 2nd. This represents a $2.76 annualized dividend and a yield of 14.31%. The ex-dividend date of this dividend is Friday, March 22nd.
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 14.38%. PTMN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 230.00%. 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 93.24% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PTMN.

When did Portman Ridge Finance's stock split?

Shares of Portman Ridge Finance 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?
Who are Portman Ridge Finance's major shareholders?

Portman Ridge Finance's stock is owned by many different retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.63%). Insiders that own company stock include Master Fund Lp Repertoire, Patrick Schafer and Repertoire Partners Lp.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PTMN) was last updated on 4/12/2024 by MarketBeat.com Staff

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