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

Portman Ridge Finance (NASDAQ:PTMN) is scheduled to be posting its quarterly earnings results 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Portman Ridge Finance (NASDAQ:PTMN) last issued 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 return on equity of 16.02% and a net margin of 14.91%. 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 Down 0.6 %

Shares of Portman Ridge Finance stock opened at $19.62 on Wednesday. The firm has a market cap of $183.23 million, a PE ratio of 16.35 and a beta of 0.95. The business’s 50 day simple moving average is $18.99 and its 200 day simple moving average is $18.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.92 and a current ratio of 5.92. Portman Ridge Finance has a 52-week low of $16.27 and a 52-week high of $21.20.

Portman Ridge Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 25th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 14.07%. The ex-dividend date was Friday, March 22nd. Portman Ridge Finance’s dividend payout ratio is presently 230.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PTMN shares. Oppenheimer reiterated a “market perform” rating and issued a $20.00 price target on shares of Portman Ridge Finance in a research note on Friday, March 15th. Keefe, Bruyette & Woods lowered their target price on Portman Ridge Finance from $20.50 to $20.00 and set a “market perform” rating on the stock in a research report on Monday, March 18th.

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.