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

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Portman Ridge Finance in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PTMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTMN, but not buy additional shares or sell existing shares.
View PTMN analyst ratings or view top-rated stocks.

2 analysts have issued 1-year target prices for Portman Ridge Finance's stock. Their PTMN share price forecasts range from $21.50 to $26.00. On average, they expect the company's share price to reach $23.75 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for PTMN or view top-rated stocks among Wall Street analysts.

Portman Ridge Finance's stock was trading at $23.00 at the beginning of 2023. Since then, PTMN shares have decreased by 8.8% and is now trading at $20.97.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our PTMN earnings forecast.

Portman Ridge Finance Co. (NASDAQ:PTMN) released its quarterly earnings results on Thursday, March, 9th. The company reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by $0.02. The business had revenue of $18.62 million for the quarter, compared to analysts' expectations of $18.88 million. Portman Ridge Finance had a negative net margin of 34.25% and a positive trailing twelve-month return on equity of 12.16%.

Portman Ridge Finance declared a quarterly dividend on Wednesday, May 10th. Stockholders of record on Monday, May 22nd will be paid a dividend of $0.69 per share on Wednesday, May 31st. This represents a $2.76 annualized dividend and a dividend yield of 13.16%. The ex-dividend date of this dividend is Friday, May 19th. This is a positive change from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for PTMN.

Virtus Private Credit Strategy ETF holds 9,567 shares of PTMN stock, representing 1.00% of its portfolio.

Portman Ridge Finance (NASDAQ:PTMN) pays an annual dividend of $2.72 per share and currently has a dividend yield of 13.30%. PTMN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PTMN.

Shares of Portman Ridge Finance reverse split before market open on 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 market closes 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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Portman Ridge Finance investors own include AGNC Investment (AGNC), Monroe Capital (MRCC), Anworth Mortgage Asset (ANH), Capital Product Partners (CPLP), New Residential Investment (NRZ), New York Mortgage Trust (NYMT), PennantPark Investment (PNNT), Prospect Capital (PSEC) and BlackRock TCP Capital (TCPC).

Portman Ridge Finance trades on the NASDAQ under the ticker symbol "PTMN."

Portman Ridge Finance's stock is owned by many different retail and institutional investors. Top institutional investors include UBS Group AG (4.32%), Clayton Partners LLC (2.91%), Advisors Asset Management Inc. (1.70%), Confluence Investment Management LLC (0.57%), BlackRock Inc. (0.52%) and Mackenzie Financial Corp (0.37%). Insiders that own company stock include Alexander Duka, Edward J Goldthorpe, Master Fund Lp Repertoire and Patrick Schafer.
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Shares of PTMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTMN stock can currently be purchased for approximately $20.97.

Portman Ridge Finance (NASDAQ:PTMN) has a market capitalization of $200.05 million and generates $69.61 million in revenue each year. The company earns $-21,000,000.00 in net income (profit) each year or ($2.59) on an earnings per share basis.

Portman Ridge Finance's mailing address is 650 MADISON AVENUE 23TH FLOOR, NEW YORK NY, 10022. The official website for the company is www.portmanridge.com. The company can be reached via phone at (212) 891-2880, via email at lcati@equityny.com, or via fax at 212-983-7654.