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Portman Ridge Finance Corp

17.22 USD
+0.17
1.00%
Updated Feb 7, 1:11 PM EST
1 day
1.00%
5 days
1.29%
1 month
6.17%
3 months
-6.67%
6 months
-9.94%
Year to date
5.00%
1 year
-6.72%
5 years
-27.03%
10 years
-75.47%
 

About: Portman Ridge Finance Corp Inc is a non-diversified closed-end investment company. The company originates, structures, and invests in secured term loans, bonds or notes, and mezzanine debt primarily in privately-held middle market companies but may also invest in other investments such as loans to publicly traded companies, high-yield bonds, and distressed debt securities. The company's investment objective in the Debt securities portfolio is to generate current income and, to a lesser extent, capital appreciation from the investments in senior secured term loans, mezzanine debt, and selected equity investments in privately-held middle market companies.

Employees: 13

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

4.88% less ownership

Funds ownership: 22.44% [Q2] → 17.56% (-4.88%) [Q3]

11% less funds holding

Funds holding: 45 [Q2] → 40 (-5) [Q3]

29% less capital invested

Capital invested by funds: $41M [Q2] → $29.3M (-$11.7M) [Q3]

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

89% less call options, than puts

Call options by funds: $164K | Put options by funds: $1.52M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$18
5%
upside
Avg. target
$18
5%
upside
High target
$18
5%
upside

1 analyst rating

positive
0%
neutral
100%
negative
0%
Keefe, Bruyette & Woods
Paul Johnson
91% 1-year accuracy
10 / 11 met price target
5%upside
$18
Market Perform
Maintained
14 Nov 2024

Financial journalist opinion

Based on 4 articles about PTMN published over the past 30 days

Neutral
Business Wire
3 days ago
LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Logan Ridge Finance Corporation (NasdaqGS: LRFC) to Portman Ridge Finance Corporation (NasdaqGS: PTMN). Under the terms of the proposed transaction, shareholders of Logan Ridge will receive 1.50 newly issued shares of Portman for each share of Logan Ridge that they own. KSF is seeking to determine whether this.
LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC
Neutral
Business Wire
6 days ago
PTMN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Portman Ridge Finance Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Portman Ridge Finance Corporation (NASDAQ: PTMN) and Logan Ridge Finance Corporation is fair to Portman shareholders. Halper Sadeh encourages Portman shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Portman an.
PTMN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Portman Ridge Finance Corporation Is Fair to Shareholders
Neutral
PRNewsWire
6 days ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Portman Ridge Finance Corporation - PTMN
NEW YORK , Jan. 31, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Portman Ridge Finance Corporation (Nasdaq: PTMN ), relating to the proposed merger with Logan Ridge Finance Corporation.
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Portman Ridge Finance Corporation - PTMN
Neutral
GlobeNewsWire
3 weeks ago
Portman Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 13, 2025, after market close. The Company will host a conference call on Friday, March 14, 2025, at 10:30 a.m.
Portman Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
Neutral
Seeking Alpha
1 month ago
Portman Ridge Finance: Vulnerable To Higher Interest Rates
Portman Ridge Finance's price has declined by over 32% in three years due to high interest rates, but offers a 16.8% dividend yield. PTMN's portfolio is diverse, with 85.5% in first lien senior secured debt, but has seen a decrease in net asset value and investment income as the portfolio quality deteriorates. The current dividend yield is unsustainable, and a cut is likely, making PTMN less attractive for income-focused investors.
Portman Ridge Finance: Vulnerable To Higher Interest Rates
Neutral
Seeking Alpha
1 month ago
Portman Ridge Finance: This 16.4% Yield Is A Hold For Now, But Proceed With Caution
Portman Ridge Finance Corporation offers a high yield but has shown disappointing returns, with a nearly 20% decline over the past 3 years. The business development company's financials are concerning, with declining net investment income and NAV erosion, raising questions about dividend safety. Despite a 17.19% discount to NAV and spillover income, the dividend coverage is weak, and leverage is above the sector median.
Portman Ridge Finance: This 16.4% Yield Is A Hold For Now, But Proceed With Caution
Negative
Seeking Alpha
1 month ago
Dividend Cut Alert: 2 BDCs With Likely Lower Dividends In 2025
BDCs offer attractive opportunities for income investors to enhance their portfolio yields. Yet, since the yields are so enticing, the chances are high for getting caught in value traps. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability of making the announcements in 2025.
Dividend Cut Alert: 2 BDCs With Likely Lower Dividends In 2025
Neutral
GlobeNewsWire
1 month ago
Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge”) and Logan Ridge Finance Corporation (Nasdaq: LRFC) (“Logan Ridge”) announced today that their boards of directors have established special committees of independent directors to more fully evaluate the potential business combination of the two companies that was previously disclosed in their respective Form 10-Q filings with the Securities and Exchange Commission (the “SEC”), which may result in the use of an exchange ratio other than NAV-for-NAV (including but not limited to relative market price or a fixed exchange ratio) in connection therewith.
Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination
Neutral
Seeking Alpha
2 months ago
Portman Ridge Finance Corporation (PTMN) Q3 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Capital Paul Johnson - KBW Operator Welcome to Portman Ridge Finance Corporation's Third Quarter 2024 Earnings Conference Call. An earnings press release was distributed Thursday, November 7th after market closed.
Portman Ridge Finance Corporation (PTMN) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
3 months ago
Portman Ridge (PTMN) Lags Q3 Earnings and Revenue Estimates
Portman Ridge (PTMN) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.75 per share a year ago.
Portman Ridge (PTMN) Lags Q3 Earnings and Revenue Estimates
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