Dean Kehler Sells 15,000 Shares of Portman Ridge Finance (NASDAQ:BCIC) Stock

Portman Ridge Finance Corp (NASDAQ:BCIC) Director Dean Kehler sold 15,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $7.64, for a total value of $114,600.00. Following the completion of the transaction, the director owned 5,649 shares in the company, valued at $43,158.36. This represents a 72.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Portman Ridge Finance Price Performance

NASDAQ:BCIC traded up $0.01 during mid-day trading on Tuesday, reaching $7.63. The stock had a trading volume of 28,788 shares, compared to its average volume of 98,279. The company has a 50 day moving average of $7.93. Portman Ridge Finance Corp has a fifty-two week low of $7.11 and a fifty-two week high of $13.50. The company has a market cap of $94.46 million, a PE ratio of -31.79 and a beta of 0.51. The company has a debt-to-equity ratio of 1.74, a quick ratio of 4.43 and a current ratio of 4.43.

Portman Ridge Finance Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 14.2%. Portman Ridge Finance’s dividend payout ratio is presently -450.00%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Portman Ridge Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Weiss Ratings lowered shares of Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Zacks Research raised shares of Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. LADENBURG THALM/SH SH lowered shares of Portman Ridge Finance from a “buy” rating to a “neutral” rating in a research report on Monday, March 9th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Portman Ridge Finance from $14.00 to $9.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Portman Ridge Finance has an average rating of “Reduce” and an average price target of $9.00.

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.