Portman Ridge Finance Corp (NASDAQ:PTMN) Director Christopher Lacovara sold 122,066 shares of Portman Ridge Finance stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $2.19, for a total transaction of $267,324.54. The transaction was disclosed in a filing with the SEC, which is available through this link.
NASDAQ:PTMN opened at $2.04 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $80.72 million, a PE ratio of 7.56 and a beta of 0.72. The firm’s 50 day moving average is $2.22 and its 200 day moving average is $2.41. Portman Ridge Finance Corp has a 12 month low of $2.03 and a 12 month high of $3.80.
Portman Ridge Finance (NASDAQ:PTMN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $7.08 million during the quarter. Portman Ridge Finance had a positive return on equity of 2.08% and a negative net margin of 108.42%. Research analysts predict that Portman Ridge Finance Corp will post 0.17 earnings per share for the current year.
Several research firms have commented on PTMN. Zacks Investment Research cut shares of Portman Ridge Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. LADENBURG THALM/SH SH raised shares of Portman Ridge Finance from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Finally, ValuEngine raised shares of Portman Ridge Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.
Several large investors have recently bought and sold shares of PTMN. LPL Financial LLC bought a new stake in shares of Portman Ridge Finance in the 2nd quarter worth approximately $30,000. JPMorgan Chase & Co. bought a new stake in shares of Portman Ridge Finance in the 2nd quarter worth approximately $30,000. HighTower Advisors LLC bought a new stake in shares of Portman Ridge Finance in the 2nd quarter worth approximately $34,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Portman Ridge Finance in the 2nd quarter worth approximately $35,000. Finally, Citadel Advisors LLC bought a new stake in shares of Portman Ridge Finance in the 2nd quarter worth approximately $43,000. 27.49% of the stock is currently owned by institutional investors.
About Portman Ridge Finance
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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