Portman Ridge Finance (PTMN) Scheduled to Post Earnings on Wednesday

Portman Ridge Finance (NASDAQ:PTMN) is set to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Portman Ridge Finance to post earnings of $0.74 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Portman Ridge Finance (NASDAQ:PTMN) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $1.19 EPS for the quarter. The company had revenue of $17.79 million for the quarter, compared to analyst estimates of $18.56 million. Portman Ridge Finance had a net margin of 14.91% and a return on equity of 16.02%. On average, analysts expect Portman Ridge Finance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Portman Ridge Finance Stock Up 2.1 %

Shares of NASDAQ:PTMN opened at $19.72 on Tuesday. The company has a current ratio of 5.92, a quick ratio of 5.92 and a debt-to-equity ratio of 1.51. The firm has a 50 day simple moving average of $19.06 and a 200-day simple moving average of $18.26. The company has a market capitalization of $183.59 million, a PE ratio of 16.43 and a beta of 0.96. Portman Ridge Finance has a twelve month low of $16.27 and a twelve month high of $21.20.

Portman Ridge Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 25th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 14.00%. Portman Ridge Finance’s dividend payout ratio (DPR) is presently 230.00%.

Analysts Set New Price Targets

Several analysts have commented on PTMN shares. Keefe, Bruyette & Woods reduced their price objective on 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 reissued a “market perform” rating and set a $20.00 target price on shares of Portman Ridge Finance in a research note on Friday, March 15th.

Portman Ridge Finance Company Profile

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.