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 equities research analysts have issued 12 month 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 share price to reach $26.00 in the next twelve months. This suggests a possible upside of 8.0% 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 $24.76 at the start of the year. Since then, PTMN stock has decreased by 2.8% and is now trading at $24.07.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our PTMN earnings forecast.

Portman Ridge Finance Co. (NASDAQ:PTMN) released its earnings results on Thursday, November, 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.91 by $0.09. The company earned $22.91 million during the quarter. Portman Ridge Finance had a trailing twelve-month return on equity of 13.02% and a net margin of 3.84%. During the same period in the prior year, the company posted $0.60 EPS.

Portman Ridge Finance declared a quarterly dividend on Tuesday, August 9th. Stockholders of record on Tuesday, August 16th will be given a dividend of $0.63 per share on Friday, September 2nd. This represents a $2.52 annualized dividend and a yield of 10.47%. The ex-dividend date is Monday, August 15th. This is a boost from the stock's previous quarterly dividend of $0.60.
Read our dividend analysis for PTMN.

Portman Ridge Finance (NASDAQ:PTMN) pays an annual dividend of $2.52 per share and currently has a dividend yield of 10.50%. 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 763.66%. 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 89.68% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PTMN.

Portman Ridge Finance's stock 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.

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 a number of retail and institutional investors. Top institutional shareholders include UBS Group AG (4.38%), Advisors Asset Management Inc. (1.16%), Confluence Investment Management LLC (0.64%), Mackenzie Financial Corp (0.35%), Clear Harbor Asset Management LLC (0.21%) and Group One Trading L.P. (0.00%). Insiders that own company stock include Alexander Duka, Christopher Lacovara, Edward J Goldthorpe and Patrick Schafer.
View institutional ownership trends.

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.

One share of PTMN stock can currently be purchased for approximately $24.07.

Portman Ridge Finance (NASDAQ:PTMN) has a market capitalization of $231.07 million and generates $80.09 million in revenue each year. The company earns $26.03 million in net income (profit) each year or $0.33 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 or via fax at 212-983-7654.