Portman Ridge Finance (NASDAQ:PTMN) Trading Up 0.6% - Should You Buy?

Portman Ridge Finance Co. (NASDAQ:PTMN - Get Free Report)'s stock price rose 0.6% during trading on Tuesday . The stock traded as high as $17.20 and last traded at $17.04. Approximately 36,591 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 33,063 shares. The stock had previously closed at $16.94.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price target on shares of Portman Ridge Finance from $19.00 to $18.00 and set a "market perform" rating for the company in a research report on Thursday, November 14th.

Portman Ridge Finance Trading Up 0.9 %

The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $158.41 million, a P/E ratio of 46.49 and a beta of 1.01. The company has a 50-day moving average price of $16.56 and a 200 day moving average price of $17.79.

Portman Ridge Finance (NASDAQ:PTMN - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.07). Portman Ridge Finance had a return on equity of 14.68% and a net margin of 5.47%. The firm had revenue of $15.18 million during the quarter, compared to the consensus estimate of $16.02 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, research analysts forecast that Portman Ridge Finance Co. will post 2.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Portman Ridge Finance

Institutional investors have recently bought and sold shares of the company. Confluence Investment Management LLC increased its position in shares of Portman Ridge Finance by 1.8% during the third quarter. Confluence Investment Management LLC now owns 60,751 shares of the company's stock worth $1,127,000 after purchasing an additional 1,072 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in Portman Ridge Finance by 7.6% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 43,140 shares of the company's stock valued at $800,000 after buying an additional 3,038 shares in the last quarter. Founders Financial Alliance LLC raised its stake in Portman Ridge Finance by 6.3% in the fourth quarter. Founders Financial Alliance LLC now owns 62,217 shares of the company's stock valued at $1,017,000 after buying an additional 3,671 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Portman Ridge Finance in the third quarter worth about $251,000. Finally, International Assets Investment Management LLC grew its stake in shares of Portman Ridge Finance by 1,340.3% during the third quarter. International Assets Investment Management LLC now owns 43,166 shares of the company's stock worth $801,000 after acquiring an additional 40,169 shares during the last quarter. 30.14% of the stock is currently owned by institutional investors and hedge funds.

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.