Portman Ridge Finance Corp (PTMN)

• Market cap: $150M
• 1 day: 0.00%
• 5 days: -2.10%
• 1 month: -3.65%
• 3 months: -10.66%
• 6 months: -15.77%
• Year to date: -10.51%
• 1 year: -9.22%
• 5 years: -24.31%
• 10 years: -77.69%

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]

4.83% less ownership

Funds ownership: 22.38% [Q2] → 17.55% (-4.83%) [Q3]

11% less funds holding

Funds holding: 45 [Q2] → 40 (-5) [Q3]

28% less capital invested

Capital invested by funds: $40.9M [Q2] → $29.3M (-$11.6M) [Q3]

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

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 10% upside
• Avg. target: $18 10% upside
• High target: $18 10% upside

1 analyst rating

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

Keefe, Bruyette & Woods Paul Johnson 82% 1-year accuracy 9 / 11 met price target

10% upside $18

Market Perform Maintained

14 Nov 2024