Portman Ridge Finance (NASDAQ:PTMN - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.08), Zacks reports. The firm had revenue of $14.40 million for the quarter, compared to analyst estimates of $15.14 million. Portman Ridge Finance had a return on equity of 14.68% and a net margin of 5.47%.
Portman Ridge Finance Price Performance
Shares of PTMN stock traded up $0.05 on Wednesday, hitting $15.50. 39,970 shares of the company's stock were exchanged, compared to its average volume of 45,133. The company has a 50 day moving average of $16.82 and a 200 day moving average of $17.36. The stock has a market cap of $142.80 million, a P/E ratio of 41.89 and a beta of 1.02. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.14 and a quick ratio of 3.14. Portman Ridge Finance has a 12 month low of $15.16 and a 12 month high of $20.84.
Portman Ridge Finance Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be paid a $0.47 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.88 annualized dividend and a dividend yield of 12.13%. Portman Ridge Finance's payout ratio is -431.25%.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods cut their price target on shares of Portman Ridge Finance from $18.00 to $16.00 and set a "market perform" rating for the company in a report on Wednesday.
View Our Latest Analysis on PTMN
About Portman Ridge Finance
(
Get Free Report)
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.
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