Portman Ridge Finance Corp (NASDAQ:BCIC – Get Free Report) announced a monthly dividend on Thursday, August 6th. Shareholders of record on Tuesday, December 15th will be given a dividend of 0.09 per share on Wednesday, December 30th. This represents a c) annualized dividend and a yield of 14.4%. The ex-dividend date of this dividend is Tuesday, December 15th.
Portman Ridge Finance Price Performance
NASDAQ BCIC opened at $7.50 on Friday. Portman Ridge Finance has a 12 month low of $6.70 and a 12 month high of $13.50. The company’s 50-day moving average is $7.30. The company has a debt-to-equity ratio of 1.74, a quick ratio of 4.43 and a current ratio of 4.43. The firm has a market cap of $92.85 million, a P/E ratio of -13.64 and a beta of 0.50.
Analyst Ratings Changes
A number of research firms recently issued reports on BCIC. Weiss Ratings restated a “sell (d+)” rating on shares of Portman Ridge Finance in a report on Friday, May 22nd. Zacks Research raised shares of Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Portman Ridge Finance has an average rating of “Reduce” and a consensus target price of $9.00.
About Portman Ridge Finance
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.
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