Portman Ridge Finance Corp (PTMN)

• Market cap: $153M
• 1 day: 1.10%
• 5 days: 2.34%
• 1 month: 1.22%
• 3 months: -10.22%
• 6 months: -15.26%
• Year to date: 1.22%
• 1 year: -11.84%
• 5 years: -28.14%
• 10 years: -75.15%

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

4.88% less ownership

Funds ownership: 22.44% [Q2] → 17.56% (-4.88%) [Q3]

11% less funds holding

Funds holding: 45 [Q2] → 40 (-5) [Q3]

29% less capital invested

Capital invested by funds: $41M [Q2] → $29.3M (-$11.7M) [Q3]

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

89% less call options, than puts

Call options by funds: $164K | Put options by funds: $1.52M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $18 8% upside
• Avg. target: $18 8% upside
• High target: $18 8% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Keefe, Bruyette & Woods Paul Johnson 91% 1-year accuracy 10 / 11 met price target

8% upside $18

Market Perform Maintained

14 Nov 2024