Arlington Trust Co LLC Purchases Shares of 2,000 Portman Ridge Finance Co. (NASDAQ:PTMN)

Arlington Trust Co LLC purchased a new stake in shares of Portman Ridge Finance Co. (NASDAQ:PTMN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Portman Ridge Finance during the 3rd quarter worth about $30,000. Harbour Investments Inc. bought a new position in shares of Portman Ridge Finance during the 3rd quarter worth about $40,000. International Assets Investment Management LLC bought a new position in shares of Portman Ridge Finance during the 3rd quarter worth about $61,000. Morgan Stanley boosted its position in shares of Portman Ridge Finance by 39.1% during the 4th quarter. Morgan Stanley now owns 8,040 shares of the company’s stock worth $185,000 after purchasing an additional 2,260 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Portman Ridge Finance during the 3rd quarter worth about $202,000. Institutional investors own 30.14% of the company’s stock.

Portman Ridge Finance Stock Down 0.1 %

PTMN opened at $19.16 on Monday. The company has a 50 day moving average of $18.79 and a 200 day moving average of $18.19. The company has a market cap of $178.95 million, a PE ratio of 15.97 and a beta of 0.95. Portman Ridge Finance Co. has a 12 month low of $16.27 and a 12 month high of $21.20. The company has a current ratio of 5.92, a quick ratio of 5.92 and a debt-to-equity ratio of 1.51.

Portman Ridge Finance (NASDAQ:PTMN) last released its quarterly earnings data on Wednesday, March 13th. The company reported $1.19 EPS for the quarter. Portman Ridge Finance had a net margin of 14.91% and a return on equity of 16.02%. The company had revenue of $17.79 million during the quarter, compared to the consensus estimate of $18.56 million. On average, sell-side analysts expect that Portman Ridge Finance Co. will post 2.86 EPS for the current year.

Portman Ridge Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 25th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 14.41%. The ex-dividend date of this dividend was Friday, March 22nd. Portman Ridge Finance’s payout ratio is 230.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PTMN shares. Keefe, Bruyette & Woods decreased their price target on shares of Portman Ridge Finance from $20.50 to $20.00 and set a “market perform” rating for the company in a research note on Monday, March 18th. Oppenheimer restated a “market perform” rating and set a $20.00 price target on shares of Portman Ridge Finance in a research note on Friday, March 15th.

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.