Portman Ridge Finance Corp (NASDAQ:BCIC – Get Free Report) declared a monthly dividend on Wednesday, November 11th. Stockholders of record on Monday, March 15th will be paid a dividend of $0.09 per share on Tuesday, March 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Monday, March 15th.
Portman Ridge Finance Trading Down 4.6%
BCIC opened at $6.57 on Thursday. The firm has a market cap of $81.34 million, a price-to-earnings ratio of -11.95 and a beta of 0.55. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.56. Portman Ridge Finance has a 12 month low of $5.78 and a 12 month high of $13.50. The stock has a fifty day moving average price of $6.69 and a 200-day moving average price of $7.97.
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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