Portman Ridge Finance Corp (NASDAQ:BCIC – Get Free Report) has been assigned an average recommendation of “Reduce” from the five analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $9.25.
A number of research firms recently commented 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 Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased 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 report on Monday, August 10th. Finally, Oppenheimer lowered their price objective on Portman Ridge Finance from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, August 10th.
Get Our Latest Stock Analysis on Portman Ridge Finance
Insider Transactions at Portman Ridge Finance
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC acquired a new stake in Portman Ridge Finance Corp (NASDAQ:BCIC – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,468 shares of the company’s stock, valued at approximately $29,000. 30.14% of the stock is currently owned by institutional investors.
Portman Ridge Finance Stock Performance
Portman Ridge Finance stock opened at $7.65 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.56. Portman Ridge Finance has a 12 month low of $6.70 and a 12 month high of $13.50. The company’s fifty day simple moving average is $7.31 and its 200-day simple moving average is $8.45. The stock has a market cap of $94.71 million, a P/E ratio of -13.91 and a beta of 0.50.
Portman Ridge Finance Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. Portman Ridge Finance’s dividend payout ratio is presently -196.36%.
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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