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NASDAQ:PTMN

Portman Ridge Finance - PTMN Stock Forecast, Price & News

$24.13
+0.13 (+0.54%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.80
$24.13
50-Day Range
$21.87
$24.38
52-Week Range
$21.33
$25.97
Volume
12,542 shs
Average Volume
39,931 shs
Market Capitalization
$234.40 million
P/E Ratio
9.25
Dividend Yield
10.50%
Price Target
$26.00

Portman Ridge Finance MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.7% Upside
$26.00 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
6.05%
From $2.81 to $2.98 Per Share

Overall MarketRank

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

1.63 out of 5 stars

Finance Sector

816th out of 885 stocks

Investors, Not Elsewhere Classified Industry

14th out of 16 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, 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.

Portman Ridge Finance Trading Up 0.5 %

Shares of NASDAQ:PTMN traded up $0.13 on Tuesday, hitting $24.13. 12,542 shares of the company's stock were exchanged, compared to its average volume of 39,931. The business's 50 day simple moving average is $23.33 and its two-hundred day simple moving average is $23.63. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market capitalization of $234.40 million, a price-to-earnings ratio of 9.20 and a beta of 0.94. Portman Ridge Finance has a 12 month low of $21.33 and a 12 month high of $25.97.

Portman Ridge Finance (NASDAQ:PTMN - Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.82 earnings per share for the quarter. The company had revenue of $16.94 million during the quarter. Portman Ridge Finance had a net margin of 28.00% and a return on equity of 15.19%. During the same quarter in the previous year, the business earned $1.10 EPS. Analysts anticipate that Portman Ridge Finance will post 2.81 EPS for the current fiscal year.

Portman Ridge Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 7th. Investors of record on Tuesday, May 24th were issued a $0.63 dividend. The ex-dividend date was Monday, May 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 10.44%. Portman Ridge Finance's payout ratio is 96.55%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PTMN. TheStreet raised shares of Portman Ridge Finance from a "c+" rating to a "b-" rating in a research report on Thursday, July 21st. Oppenheimer started coverage on Portman Ridge Finance in a report on Tuesday, July 5th. They issued a "market perform" rating and a $26.00 price target on the stock.

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PTMN Stock News Headlines

Portman Ridge Finance Co. (NASDAQ:PTMN) Short Interest Update
Portman Ridge Finance Q1 2022 Earnings Preview
Portman Ridge Finance increases dividend to $0.63
Portman Ridge Finance Q4 2021 Earnings Preview
Preview: Portman Ridge Finance's Earnings
PTMN Feb 2022 25.000 call
Here's what Wall Street expects from Portman Ridge Finance's earnings
See More Headlines
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PTMN Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 6/7 Dividend
5/23/2022
Dividend Payable
6/07/2022
Today
8/09/2022
Next Earnings (Confirmed)
8/09/2022
Fiscal Year End
12/31/2022

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
$26.00
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+7.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$26.03 million
Pretax Margin
52.97%

Debt

Sales & Book Value

Annual Sales
$80.09 million
Cash Flow
$5.66 per share
Book Value
$30.70 per share

Miscellaneous

Free Float
9,500,000
Market Cap
$234.40 million
Optionable
Not Optionable
Beta
0.94














PTMN Stock - Frequently Asked Questions

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

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.
View PTMN analyst ratings
or view top-rated stocks.

What is Portman Ridge Finance's stock price forecast for 2022?

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.
View analysts price targets for PTMN
or view top-rated stocks among Wall Street analysts.

How has Portman Ridge Finance's stock price performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Portman Ridge Finance's next earnings date?

Portman Ridge Finance is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our PTMN earnings forecast
.

How can I listen to Portman Ridge Finance's earnings call?

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.

How were Portman Ridge Finance's earnings last quarter?

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.

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

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
.

Is Portman Ridge Finance a good dividend stock?

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.

When did Portman Ridge Finance's stock split?

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.

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."

Who are Portman Ridge Finance's major shareholders?

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.
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 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 $24.00.

How much money does Portman Ridge Finance make?

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.

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 or via fax at 212-983-7654.

This page (NASDAQ:PTMN) was last updated on 8/9/2022 by MarketBeat.com Staff

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