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

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Thursday, May 7th. Shareholders of record on Monday, May 18th will be given a dividend of 0.09 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend is Monday, May 18th.

Portman Ridge Finance Stock Down 0.5%

NASDAQ:BCIC opened at $7.86 on Friday. Portman Ridge Finance has a fifty-two week low of $7.11 and a fifty-two week high of $13.50. The stock’s 50 day moving average is $8.42. The stock has a market capitalization of $97.31 million, a P/E ratio of 13.79 and a beta of 0.51. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.52 and a current ratio of 2.52.

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