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

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.

In other news, CIO Patrick Schafer acquired 25,000 shares of Portman Ridge Finance stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $1.28 per share, for a total transaction of $32,000.00. Following the transaction, the executive now directly owns 49,500 shares of the company’s stock, valued at approximately $63,360. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 36,469 shares of company stock worth $45,407. 4.73% of the stock is currently owned by company insiders.

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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Dividend History for Portman Ridge Finance (NASDAQ:PTMN)

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