Portman Ridge Finance Co. (NASDAQ:PTMN) announced a dividend on Friday, October 16th, Fidelity reports. Investors of record on Monday, October 26th will be given a dividend of 0.06 per share on Friday, November 27th. The ex-dividend date of this dividend is Friday, October 23rd.
Shares of PTMN opened at $1.35 on Friday. The firm has a 50 day simple moving average of $1.28 and a two-hundred day simple moving average of $1.16. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.85 and a quick ratio of 1.85. Portman Ridge Finance has a one year low of $0.75 and a one year high of $2.39. The company has a market cap of $60.07 million, a P/E ratio of -2.29 and a beta of 1.34.
Portman Ridge Finance (NASDAQ:PTMN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Portman Ridge Finance had a positive return on equity of 7.42% and a negative net margin of 91.87%. The company had revenue of $7.31 million for the quarter. On average, analysts expect that Portman Ridge Finance will post 0.21 earnings per share for the current fiscal year.
Several research analysts have commented on the company. Zacks Investment Research downgraded Portman Ridge Finance from a “buy” rating to a “hold” rating in a research note 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.
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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