Shares of Portman Ridge Finance Corp (NASDAQ:PTMN) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also assigned Portman Ridge Finance an industry rank of 87 out of 256 based on the ratings given to its competitors.
Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, TheStreet downgraded shares of United Financial Bancorp from a “b-” rating to a “c” rating in a report on Wednesday.
Institutional investors and hedge funds have recently made changes to their positions in the company. Almitas Capital LLC acquired a new position in shares of Portman Ridge Finance during the first quarter valued at $70,000. Diversified Trust Co acquired a new position in shares of Portman Ridge Finance during the second quarter valued at $629,000. Finally, Thoroughbred Financial Services LLC acquired a new position in shares of Portman Ridge Finance during the second quarter valued at $5,697,000. 22.02% of the stock is owned by institutional investors.
PTMN stock traded up $0.07 during trading on Friday, hitting $2.40. 36,826 shares of the company’s stock traded hands, compared to its average volume of 164,626. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.85. Portman Ridge Finance has a 52 week low of $2.25 and a 52 week high of $3.80. The firm’s fifty day moving average price is $2.51. The stock has a market cap of $88.53 million, a PE ratio of 8.89 and a beta of 0.74.
Portman Ridge Finance (NASDAQ:PTMN) last released its earnings results on Friday, May 10th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.13). Portman Ridge Finance had a negative net margin of 88.64% and a positive return on equity of 3.28%. The business had revenue of $5.80 million for the quarter. As a group, equities analysts forecast that Portman Ridge Finance will post 0.21 earnings per share for the current fiscal year.
Portman Ridge Finance Company Profile
Portman Ridge Finance Corp. is a private equity fund and non-diversified closed-end investment company that invests in middle market companies generating consistent cash flows located in North America. It targets companies operating across a broad range of sectors such as aerospace and defense, automotive, beverage, food and tobacco, broadcasting and entertainment, buildings and real estate, personal and cargo transport, chemicals, plastics and rubber, containers, packaging and glass, diversified or conglomerate service, ecological, electronics, finance, and healthcare.
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