Portman Ridge Finance (PTMN) Stock Price, News & Analysis

Company Overview

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. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.

Key Stats

• Today's Range: $16.92 to $17.23
• 50-Day Range: $17.33 to $18.70
• 52-Week Range: $16.27 to $20.84
• Volume: 77,977 shs
• Average Volume: 42,416 shs
• Market Capitalization: $156.29 million
• P/E Ratio: 45.87
• Dividend Yield: 16.26%
• Price Target: $19.00
• Consensus Rating: Hold

Portman Ridge Finance Stock Analysis - MarketRank™

Portman Ridge Finance scored higher than 44% of companies evaluated by MarketBeat, and ranked 841st out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Portman Ridge Finance has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Portman Ridge Finance has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 0.76%

Earnings Growth

Earnings for Portman Ridge Finance are expected to grow by 0.76% in the coming year, from $2.64 to $2.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Portman Ridge Finance is 45.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Portman Ridge Finance is 45.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.30.

Price to Book Value per Share Ratio

Portman Ridge Finance has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.40% of the float of Portman Ridge Finance has been sold short.

Short Interest Ratio / Days to Cover

Portman Ridge Finance has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Portman Ridge Finance has recently increased by 10.46%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Portman Ridge Finance is a leading dividend payer. It pays a dividend yield of 15.42%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Portman Ridge Finance does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Portman Ridge Finance is 745.97%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Portman Ridge Finance will have a dividend payout ratio of 103.76% in the coming year. This indicates that Portman Ridge Finance may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.40% of the float of Portman Ridge Finance has been sold short.

Short Interest Ratio / Days to Cover

Portman Ridge Finance has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Portman Ridge Finance has recently increased by 10.46%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: -0.28

News Sentiment

Portman Ridge Finance has a news sentiment score of -0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Portman Ridge Finance this week, compared to 1 article on an average week.

Search Interest

5 people have searched for PTMN on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Portman Ridge Finance insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.32% of the stock of Portman Ridge Finance is held by insiders.

Percentage Held by Institutions

Only 30.14% of the stock of Portman Ridge Finance is held by institutions.

PTMN Stock Analysis - Frequently Asked Questions

How have PTMN shares performed this year?

Portman Ridge Finance's stock was trading at $18.19 at the start of the year. Since then, PTMN shares have decreased by 6.7% and is now trading at $16.97.
View the best growth stocks for 2024 here.

How were Portman Ridge Finance's earnings last quarter?

Portman Ridge Finance Co. (NASDAQ:PTMN) announced its quarterly earnings results on Thursday, August, 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $16.34 million for the quarter, compared to analysts' expectations of $16.68 million. Portman Ridge Finance had a net margin of 5.47% and a trailing twelve-month return on equity of 14.68%.

When did Portman Ridge Finance's stock split?

Portman Ridge Finance's stock reverse split on the morning of Thursday, August 26th 2021. The 1-10 reverse split was announced on Thursday, August 26th 2021. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, August 26th 2021. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are Portman Ridge Finance's major shareholders?

Top institutional investors of Portman Ridge Finance include Repertoire Partners LP (2.17%), Advisors Asset Management Inc. (0.93%), Confluence Investment Management LLC (0.66%) and International Assets Investment Management LLC (0.46%). Insiders that own company stock include Master Fund Lp Repertoire and Repertoire Partners Lp.
View institutional ownership trends.

How do I buy shares of Portman Ridge Finance?

Shares of PTMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Portman Ridge Finance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Portman Ridge Finance investors own include Oxford Lane Capital (OXLC), Annaly Capital Management (NLY), Rithm Capital (RITM), Verizon Communications (VZ), Energy Transfer (ET), AGNC Investment (AGNC) and AT&T (T).

Company Calendar

• Last Earnings: 8/08/2024
• Ex-Dividend for 8/30 Dividend: 8/22/2024
• Dividend Payable: 8/30/2024
• Ex-Dividend for 11/29 Dividend: 11/19/2024
• Today: 11/21/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Investors, not elsewhere classified
• Sub-Industry: Financial Services
• Current Symbol: NASDAQ:PTMN
• CUSIP: N/A
• CIK: 1372807
• Web: www.portmanridge.com
• Phone: (212) 891-2880
• Fax: 212-983-7654
• Employees: 25
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $19.00
• High Stock Price Target: $20.00
• Low Stock Price Target: $18.00
• Potential Upside/Downside: +12.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.37
• Trailing P/E Ratio: 45.87
• Forward P/E Ratio: 6.43
• P/E Growth: N/A
• Net Income: $11.38 million
• Net Margins: 5.47%
• Pretax Margin: 45.07%
• Return on Equity: 14.68%
• Return on Assets: 5.85%

Debt

• Debt-to-Equity Ratio: 1.41
• Current Ratio: 3.14
• Quick Ratio: 3.14

Sales & Book Value

• Annual Sales: $76.32 million
• Price / Sales: 2.05
• Cash Flow: $2.91 per share
• Price / Cash Flow: 5.83
• Book Value: $22.60 per share
• Price / Book: 0.75

Miscellaneous

• Outstanding Shares: 9,210,000
• Free Float: 8,999,000
• Market Cap: $156.29 million
• Optionable: Optionable
• Beta: 1.02