Portman Ridge Finance Corp (NASDAQ:BCIC – Get Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $6.71 and traded as high as $6.96. Portman Ridge Finance shares last traded at $6.89, with a volume of 197,874 shares changing hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on BCIC shares. Weiss Ratings raised shares of Portman Ridge Finance from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, October 28th. Oppenheimer decreased their target price on shares of Portman Ridge Finance from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, August 10th. Zacks Research raised shares of Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating on the stock in a research note on Monday, August 10th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $9.25.
Read Our Latest Research Report on BCIC
Portman Ridge Finance Stock Performance
The company has a debt-to-equity ratio of 1.56, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a 50-day moving average price of $6.71 and a 200-day moving average price of $7.97. The firm has a market capitalization of $85.30 million, a PE ratio of -12.53 and a beta of 0.55.
Portman Ridge Finance Company Profile
Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities. Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.
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