Shares of Portman Ridge Finance Corp (NASDAQ:PTMN) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Portman Ridge Finance an industry rank of 89 out of 256 based on the ratings given to related companies.
Several research firms recently weighed in on PTMN. TheStreet upgraded TELUS from a “c+” rating to a “b-” rating in a research report on Thursday, April 4th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday.
Shares of PTMN stock traded down $0.02 on Friday, reaching $2.45. The stock had a trading volume of 54,558 shares, compared to its average volume of 167,538. The firm has a market cap of $91.90 million, a PE ratio of 9.07 and a beta of 0.74. Portman Ridge Finance has a 1 year low of $2.25 and a 1 year high of $3.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50 day simple moving average is $2.54.
Portman Ridge Finance (NASDAQ:PTMN) last released its earnings results on Friday, May 10th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.13). The company had revenue of $5.80 million for the quarter. Portman Ridge Finance had a negative net margin of 88.64% and a positive return on equity of 3.28%. As a group, sell-side analysts predict that Portman Ridge Finance will post 0.21 EPS for the current year.
An institutional investor recently bought a new position in Portman Ridge Finance stock. Almitas Capital LLC bought a new stake in shares of Portman Ridge Finance Corp (NASDAQ:PTMN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,408 shares of the company’s stock, valued at approximately $70,000. Almitas Capital LLC owned approximately 0.05% of Portman Ridge Finance as of its most recent filing with the Securities and Exchange Commission (SEC). 22.02% of the stock is owned by institutional investors.
Portman Ridge Finance Company Profile
Portman Ridge Finance Corp. is a private equity fund and non-diversified closed-end investment company that invests in middle market companies generating consistent cash flows located in North America. It targets companies operating across a broad range of sectors such as aerospace and defense, automotive, beverage, food and tobacco, broadcasting and entertainment, buildings and real estate, personal and cargo transport, chemicals, plastics and rubber, containers, packaging and glass, diversified or conglomerate service, ecological, electronics, finance, and healthcare.
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