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

Portman Ridge Finance (NASDAQ:PTMN) will be posting its quarterly earnings results after the market closes on Wednesday, May 6th.

Portman Ridge Finance (NASDAQ:PTMN) last posted its quarterly earnings results on Friday, March 6th. The company reported $0.06 EPS for the quarter. The company had revenue of $6.71 million during the quarter. Portman Ridge Finance had a positive return on equity of 2.16% and a negative net margin of 47.18%. On average, analysts expect Portman Ridge Finance to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of PTMN stock traded up $0.12 during trading hours on Monday, hitting $1.16. 615,752 shares of the company were exchanged, compared to its average volume of 198,511. The firm has a fifty day moving average of $1.03 and a 200 day moving average of $1.90. The company has a quick ratio of 7.27, a current ratio of 7.27 and a debt-to-equity ratio of 1.01. Portman Ridge Finance has a 1 year low of $0.75 and a 1 year high of $3.04. The firm has a market cap of $47.13 million, a PE ratio of -3.66 and a beta of 1.23.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Thursday, May 7th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 20.69%. The ex-dividend date of this dividend is Wednesday, May 6th. Portman Ridge Finance’s dividend payout ratio (DPR) is 300.00%.

A number of equities analysts have weighed in on PTMN shares. ValuEngine upgraded shares of Portman Ridge Finance from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded Portman Ridge Finance from a “sell” rating to a “hold” rating in a research note on Wednesday, April 29th.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corp. is a private equity fund and non-diversified closed-end investment company that invests in middle market companies generating consistent cash flows located in North America. It targets companies operating across a broad range of sectors such as aerospace and defense, automotive, beverage, food and tobacco, broadcasting and entertainment, buildings and real estate, personal and cargo transport, chemicals, plastics and rubber, containers, packaging and glass, diversified or conglomerate service, ecological, electronics, finance, and healthcare.

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Earnings History for Portman Ridge Finance (NASDAQ:PTMN)

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