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

Portman Ridge Finance (NASDAQ:PTMN) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Portman Ridge Finance (NASDAQ:PTMN) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $1.19 earnings per share (EPS) for the quarter. Portman Ridge Finance had a net margin of 14.91% and a return on equity of 16.02%. The company had revenue of $17.79 million during the quarter, compared to analyst estimates of $18.56 million. On average, analysts expect Portman Ridge Finance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Portman Ridge Finance Price Performance

Portman Ridge Finance stock opened at $19.32 on Monday. The company has a current ratio of 5.92, a quick ratio of 5.92 and a debt-to-equity ratio of 1.51. The business’s 50 day simple moving average is $19.04 and its 200 day simple moving average is $18.25. Portman Ridge Finance has a 12 month low of $16.27 and a 12 month high of $21.20. The company has a market cap of $179.91 million, a price-to-earnings ratio of 16.10 and a beta of 0.96.

Portman Ridge Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 25th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $2.76 annualized dividend and a dividend yield of 14.29%. Portman Ridge Finance’s payout ratio is 230.00%.

Wall Street Analysts Forecast Growth

PTMN has been the topic of several recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Portman Ridge Finance from $20.50 to $20.00 and set a “market perform” rating on the stock in a report on Monday, March 18th. Oppenheimer reaffirmed a “market perform” rating and issued a $20.00 price objective on shares of Portman Ridge Finance in a report on Friday, March 15th.

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.