Portman Ridge Finance (NASDAQ:BCIC – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.
A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods decreased their price target on Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating for the company in a research report on Monday, August 10th. Weiss Ratings upgraded Portman Ridge Finance from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, October 28th. Finally, Oppenheimer reduced their price objective 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. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $9.25.
Check Out Our Latest Research Report on Portman Ridge Finance
Portman Ridge Finance Stock Up 1.0%
Shares of Portman Ridge Finance stock opened at $6.03 on Tuesday. The stock’s fifty day moving average is $6.82 and its 200-day moving average is $8.01. The firm has a market capitalization of $74.65 million, a PE ratio of -10.96 and a beta of 0.55. 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 $5.78 and a 12-month high of $13.50.
About Portman Ridge Finance
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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