Portman Ridge Finance Corp (NASDAQ:BCIC – Get Free Report) announced a monthly dividend on Thursday, August 6th. Investors of record on Thursday, October 15th will be given a dividend of 0.09 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date is Thursday, October 15th.
Portman Ridge Finance Trading Up 1.6%
Shares of Portman Ridge Finance stock traded up $0.12 on Friday, reaching $7.51. 104,791 shares of the company were exchanged, compared to its average volume of 84,502. The firm has a market cap of $92.97 million, a P/E ratio of -31.16 and a beta of 0.50. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.74. The firm’s 50-day moving average is $7.30. Portman Ridge Finance has a one year low of $6.70 and a one year high of $13.50.
Analyst Ratings Changes
Several research firms have commented on BCIC. Zacks Research upgraded shares of Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Portman Ridge Finance in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $9.00.
Portman Ridge Finance Company Profile
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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