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Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
The Day of Financial Reckoning Is Near (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
The Day of Financial Reckoning Is Near (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
The Day of Financial Reckoning Is Near (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
NASDAQ:PTMN

Portman Ridge Finance - PTMN Stock Forecast, Price & News

$24.07
+0.07 (+0.29%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.31
$24.21
50-Day Range
$21.87
$24.38
52-Week Range
$21.33
$25.97
Volume
53,170 shs
Average Volume
23,338 shs
Market Capitalization
$231.07 million
P/E Ratio
72.94
Dividend Yield
10.50%
Price Target
$26.00

Portman Ridge Finance MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.0% Upside
$26.00 Price Target
Short Interest
Healthy
1.05% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.23mentions of Portman Ridge Finance in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-4.10%
From $2.93 to $2.81 Per Share

Overall MarketRank

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

1.75 out of 5 stars

Finance Sector

754th out of 918 stocks

Investors, Not Elsewhere Classified Industry

13th 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, 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on PTMN. TheStreet upgraded shares of Portman Ridge Finance from a "c+" rating to a "b-" rating in a research note on Thursday, July 21st. Oppenheimer began coverage on shares of Portman Ridge Finance in a research note on Tuesday, July 5th. They set a "market perform" rating and a $26.00 price target on the stock.

Portman Ridge Finance Stock Up 0.3 %

PTMN Stock opened at $24.07 on Friday. The company's 50 day moving average price is $23.46 and its 200 day moving average price is $23.64. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.55 and a current ratio of 1.66. The firm has a market capitalization of $231.07 million, a price-to-earnings ratio of 72.94 and a beta of 0.94. Portman Ridge Finance has a fifty-two week low of $21.33 and a fifty-two week high of $25.97.

Portman Ridge Finance (NASDAQ:PTMN - Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.82 earnings per share (EPS) for the quarter. The firm had revenue of $16.94 million during the quarter. Portman Ridge Finance had a return on equity of 13.02% and a net margin of 3.84%. During the same period last year, the company earned $1.10 earnings per share. On average, equities research analysts anticipate that Portman Ridge Finance will post 2.93 EPS for the current fiscal year.

Portman Ridge Finance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Tuesday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date is Monday, August 15th. This is an increase from Portman Ridge Finance's previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a dividend yield of 10.47%. Portman Ridge Finance's dividend payout ratio (DPR) is currently 763.66%.

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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
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
8/13/2022
Ex-Dividend for 9/2 Dividend
8/15/2022
Dividend Payable
9/02/2022
Next Earnings (Estimated)
11/03/2022
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
+8.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$26.03 million
Pretax Margin
49.17%

Debt

Sales & Book Value

Annual Sales
$80.09 million
Cash Flow
$5.66 per share
Book Value
$27.26 per share

Miscellaneous

Free Float
9,389,000
Market Cap
$231.07 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 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 2022?

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.

How have PTMN shares performed in 2022?

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
.

When is Portman Ridge Finance's next earnings date?

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

How were Portman Ridge Finance's earnings last quarter?

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.

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 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
.

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 10.50%. 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.

When did Portman Ridge Finance's stock split?

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.

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 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
.

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 $24.07.

How much money does Portman Ridge Finance make?

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.

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 8/13/2022 by MarketBeat.com Staff

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