Portman Ridge Finance CorpPTMN
PTMN
About: Portman Ridge Finance Corp Inc is a non-diversified closed-end investment company. The company originates, structures, and invests in secured term loans, bonds or notes, and mezzanine debt primarily in privately-held middle market companies but may also invest in other investments such as loans to publicly traded companies, high-yield bonds, and distressed debt securities. The company's investment objective in the Debt securities portfolio is to generate current income and, to a lesser extent, capital appreciation from the investments in senior secured term loans, mezzanine debt, and selected equity investments in privately-held middle market companies.
Employees: 13
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
0.98% less ownership
Funds ownership: 17.56% [Q3] → 16.58% (-0.98%) [Q4]
2% less funds holding
Funds holding: 41 [Q3] → 40 (-1) [Q4]
15% less capital invested
Capital invested by funds: $29.3M [Q3] → $25M (-$4.33M) [Q4]
88% less call options, than puts
Call options by funds: $124K | Put options by funds: $1.02M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$14
16%
upside
Avg. target
$14
16%
upside
High target
$14
16%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Paul Johnson 59% 1-year accuracy 10 / 17 met price target | 16%upside $14 | Market Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Positive
Seeking Alpha
2 days ago
Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid
BDCs have gone through a notable repricing. Some of them are trading now at a deep discount territory. These deep discounts enhance the risk to reward ratios, especially for those that have been unfairly punished.
Neutral
GlobeNewsWire
2 weeks ago
Portman Ridge Finance Corporation Schedules First Quarter 2025 Earnings Release and Conference Call
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 10:00 a.m.
Negative
Seeking Alpha
1 month ago
Portman Ridge Finance: NAV Continues To Slide (Rating Downgrade)
PTMN's NAV and earnings are declining, with poor new investment activity and a recent 32% dividend cut, prompting a downgrade to a sell rating. The portfolio is diverse and mostly secured, but non-accruals and growing PIK income indicate quality issues and distressed borrowers. PTMN's price is inversely related to interest rates, and with rates expected to remain high, the stock is likely to continue underperforming.
Neutral
Seeking Alpha
1 month ago
Portman Ridge Finance Corporation (PTMN) Q4 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q4 2024 Results Conference Call March 14, 2025 10:30 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer Conference Call Participants Chris Nolan - Ladenburg Steve Slater - Slater Capital Management Paul Johnson - KBW Operator Welcome to Portman Ridge Finance Corporation's Fourth Quarter and Full Year Ended December 31, 2024 Earnings Conference Call. An earnings press release was distributed yesterday, March 13 2025, after the close of the market.
Negative
Zacks Investment Research
1 month ago
Portman Ridge (PTMN) Q4 Earnings and Revenues Lag Estimates
Portman Ridge (PTMN) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.19 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Portman Ridge Finance Corporation Announces Fourth Quarter and Full Year 2024 Financial Results
Reports Net Investment Income of $2.59 Per Share for Full Year 2024 and Net Asset Value of $19.41 Per Share
Neutral
GlobeNewsWire
2 months ago
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PTMN and LRFC on Behalf of Shareholders
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Neutral
Business Wire
2 months ago
LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Logan Ridge Finance Corporation (NasdaqGS: LRFC) to Portman Ridge Finance Corporation (NasdaqGS: PTMN). Under the terms of the proposed transaction, shareholders of Logan Ridge will receive 1.50 newly issued shares of Portman for each share of Logan Ridge that they own. KSF is seeking to determine whether this.
Neutral
Business Wire
2 months ago
PTMN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Portman Ridge Finance Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Portman Ridge Finance Corporation (NASDAQ: PTMN) and Logan Ridge Finance Corporation is fair to Portman shareholders. Halper Sadeh encourages Portman shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Portman an.
Neutral
PRNewsWire
2 months ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Portman Ridge Finance Corporation - PTMN
NEW YORK , Jan. 31, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Portman Ridge Finance Corporation (Nasdaq: PTMN ), relating to the proposed merger with Logan Ridge Finance Corporation.
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