Portman Ridge Finance Co. (NASDAQ:PTMN) Declares $0.06 Dividend

Portman Ridge Finance Co. (NASDAQ:PTMN) announced a dividend on Friday, October 16th, Fidelity reports. Stockholders of record on Monday, October 26th will be paid a dividend of 0.06 per share on Friday, November 27th. The ex-dividend date is Friday, October 23rd.

PTMN stock opened at $1.35 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.43. The company’s 50 day moving average is $1.28 and its 200 day moving average is $1.16. The stock has a market cap of $60.07 million, a price-to-earnings ratio of -2.29 and a beta of 1.34. Portman Ridge Finance has a 1-year low of $0.75 and a 1-year high of $2.39.

Portman Ridge Finance (NASDAQ:PTMN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $7.31 million for the quarter. Portman Ridge Finance had a negative net margin of 91.87% and a positive return on equity of 7.42%. As a group, sell-side analysts forecast that Portman Ridge Finance will post 0.21 EPS for the current fiscal year.

Several research analysts recently weighed in on PTMN shares. Zacks Investment Research cut shares of Portman Ridge Finance from a “buy” rating to a “hold” rating in a research report on Tuesday, October 13th. ValuEngine cut shares of Portman Ridge Finance from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 8th.

In other Portman Ridge Finance news, CIO Patrick Schafer purchased 25,000 shares of Portman Ridge Finance stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of $1.28 per share, for a total transaction of $32,000.00. Following the completion of the transaction, the executive now directly owns 49,500 shares of the company’s stock, valued at $63,360. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired 36,469 shares of company stock worth $45,407 over the last quarter. Company insiders own 4.73% of the company’s stock.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corp. operates as a non-diversified management investment company. The firm targets companies operating in the fields of aerospace/ defense, business services, consumer products, education, food & beverage, healthcare, industrial & environmental services, logistic & distribution and media & telecommunications.

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Dividend History for Portman Ridge Finance (NASDAQ:PTMN)

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