Analysts’ Weekly Ratings Changes for Portman Ridge Finance (PTMN)

Portman Ridge Finance (NASDAQ: PTMN) has recently received a number of price target changes and ratings updates:

  • 10/8/2019 – Portman Ridge Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “
  • 10/2/2019 – Portman Ridge Finance was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/1/2019 – Portman Ridge Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “
  • 9/25/2019 – Portman Ridge Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “
  • 9/17/2019 – Portman Ridge Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “
  • 9/11/2019 – Portman Ridge Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “
  • 9/10/2019 – Portman Ridge Finance was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/4/2019 – Portman Ridge Finance was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/3/2019 – Portman Ridge Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “
  • 8/27/2019 – Portman Ridge Finance was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “
  • 8/20/2019 – Portman Ridge Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “
  • 8/13/2019 – Portman Ridge Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “

PTMN remained flat at $$2.21 during midday trading on Wednesday. The company’s stock had a trading volume of 42,621 shares, compared to its average volume of 144,025. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a 50-day simple moving average of $2.29. The company has a market cap of $84.05 million, a price-to-earnings ratio of 8.19 and a beta of 0.71. Portman Ridge Finance Corp has a fifty-two week low of $2.10 and a fifty-two week high of $3.80.

Portman Ridge Finance (NASDAQ:PTMN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The company had revenue of $6.91 million during the quarter. Portman Ridge Finance had a positive return on equity of 2.41% and a negative net margin of 86.64%. As a group, research analysts forecast that Portman Ridge Finance Corp will post 0.17 earnings per share for the current fiscal year.

In related news, CEO Edward J. Goldthorpe purchased 11,500 shares of Portman Ridge Finance stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $2.29 per share, for a total transaction of $26,335.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders acquired 32,639 shares of company stock valued at $73,509. Company insiders own 6.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC purchased a new stake in Portman Ridge Finance in the second quarter worth about $30,000. JPMorgan Chase & Co. purchased a new stake in Portman Ridge Finance in the second quarter worth about $30,000. HighTower Advisors LLC purchased a new stake in Portman Ridge Finance in the second quarter worth about $34,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Portman Ridge Finance in the second quarter worth about $35,000. Finally, Citadel Advisors LLC purchased a new stake in Portman Ridge Finance in the second quarter worth about $43,000. Institutional investors and hedge funds own 26.82% of the company’s stock.

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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