Clayton Partners LLC Sells 111,159 Shares of Portman Ridge Finance Co. (NASDAQ:PTMN)

Clayton Partners LLC decreased its holdings in shares of Portman Ridge Finance Co. (NASDAQ:PTMN) by 72.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 42,331 shares of the company’s stock after selling 111,159 shares during the period. Clayton Partners LLC owned 0.45% of Portman Ridge Finance worth $831,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Privium Fund Management UK Ltd purchased a new stake in shares of Portman Ridge Finance during the 4th quarter worth $1,789,000. Confluence Investment Management LLC raised its holdings in Portman Ridge Finance by 1.8% in the second quarter. Confluence Investment Management LLC now owns 59,679 shares of the company’s stock worth $1,171,000 after purchasing an additional 1,075 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Portman Ridge Finance during the second quarter valued at about $787,000. Founders Financial Alliance LLC bought a new stake in shares of Portman Ridge Finance in the 4th quarter valued at about $255,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Portman Ridge Finance in the 2nd quarter worth approximately $272,000. Institutional investors own 30.14% of the company’s stock.

Portman Ridge Finance Trading Down 1.1 %

NASDAQ PTMN opened at $18.30 on Friday. The firm has a market cap of $170.30 million, a PE ratio of 10.96 and a beta of 1.01. Portman Ridge Finance Co. has a 52 week low of $16.27 and a 52 week high of $20.84. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average price of $18.97 and a 200 day moving average price of $19.22.

Portman Ridge Finance (NASDAQ:PTMN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Portman Ridge Finance had a return on equity of 14.86% and a net margin of 18.14%. The firm had revenue of $16.34 million during the quarter, compared to analyst estimates of $16.68 million. During the same quarter in the prior year, the business posted $0.83 EPS. As a group, sell-side analysts forecast that Portman Ridge Finance Co. will post 2.74 EPS for the current fiscal year.

Portman Ridge Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.69 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.76 annualized dividend and a dividend yield of 15.08%. Portman Ridge Finance’s dividend payout ratio (DPR) is currently 165.27%.

About Portman Ridge Finance

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, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.