Portman Ridge Finance (PTMN) to Release Earnings on Thursday

Portman Ridge Finance (NASDAQ:PTMN) is anticipated to release its earnings data after the market closes on Thursday, March 13th. Analysts expect Portman Ridge Finance to post earnings of $0.68 per share and revenue of $15.14 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Portman Ridge Finance Price Performance

Shares of Portman Ridge Finance stock opened at $17.06 on Thursday. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 1.41. Portman Ridge Finance has a twelve month low of $15.94 and a twelve month high of $20.84. The business has a 50-day moving average price of $16.81 and a 200 day moving average price of $17.53. The firm has a market cap of $157.17 million, a PE ratio of 46.11 and a beta of 1.02.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut their price objective on Portman Ridge Finance from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, November 14th.

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.