Portman Ridge Finance Corp Announces Monthly Dividend of $0.09 (NASDAQ:BCIC)

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, May 7th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.09 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Tuesday, September 15th.

Portman Ridge Finance Stock Up 3.4%

BCIC stock opened at $8.13 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a fifty day simple moving average of $8.42. Portman Ridge Finance has a twelve month low of $7.11 and a twelve month high of $13.50. The stock has a market capitalization of $100.65 million, a price-to-earnings ratio of 14.26 and a beta of 0.51.

Portman Ridge Finance (NASDAQ:BCIC) last released its earnings results on Thursday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.23. Portman Ridge Finance had a return on equity of 12.91% and a net margin of 18.79%. Research analysts expect that Portman Ridge Finance will post 1.55 EPS for the current year.

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, 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.