PTMN has been the topic of several other reports. TheStreet cut Portman Ridge Finance from a c- rating to a d+ rating in a report on Wednesday, July 17th. Zacks Investment Research upgraded Portman Ridge Finance from a sell rating to a hold rating in a report on Wednesday, July 17th.
PTMN stock traded up $0.04 during trading on Thursday, hitting $2.36. The stock had a trading volume of 137,421 shares, compared to its average volume of 88,623. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.24 and a quick ratio of 0.24. Portman Ridge Finance has a twelve month low of $2.25 and a twelve month high of $3.80. The stock has a market cap of $86.67 million, a PE ratio of 15.47 and a beta of 0.74. The business’s 50-day moving average price is $2.43.
Several institutional investors have recently modified their holdings of the company. Confluence Investment Management LLC acquired a new position in shares of Portman Ridge Finance during the 2nd quarter worth approximately $766,000. Diversified Trust Co acquired a new position in shares of Portman Ridge Finance during the 2nd quarter worth approximately $629,000. Thoroughbred Financial Services LLC acquired a new position in shares of Portman Ridge Finance during the 2nd quarter worth approximately $5,697,000. Creative Planning acquired a new position in shares of Portman Ridge Finance during the 2nd quarter worth approximately $82,000. Finally, Almitas Capital LLC acquired a new position in shares of Portman Ridge Finance during the 1st quarter worth approximately $70,000. Institutional investors and hedge funds own 22.18% of the company’s stock.
About Portman Ridge Finance
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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