Portman Ridge Finance (NASDAQ:BCIC) Cut to “Neutral” at LADENBURG THALM/SH SH

Portman Ridge Finance (NASDAQ:BCIC) was downgraded by research analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a note issued to investors on Monday.

A number of other analysts have also recently commented on BCIC. Wall Street Zen cut Portman Ridge Finance from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings lowered shares of Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Portman Ridge Finance has a consensus rating of “Reduce”.

Portman Ridge Finance Stock Performance

BCIC opened at $9.92 on Monday. Portman Ridge Finance has a 52 week low of $9.90 and a 52 week high of $17.08. The company has a market capitalization of $122.91 million, a PE ratio of 17.40 and a beta of 0.40. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.52 and a quick ratio of 2.52.

Institutional Trading of Portman Ridge Finance

An institutional investor recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC purchased a new position in Portman Ridge Finance Corp (NASDAQ:BCIC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,468 shares of the company’s stock, valued at approximately $29,000. Institutional investors and hedge funds own 30.14% of the company’s stock.

About Portman Ridge Finance

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, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm’s business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors.