Portman Ridge Finance (NASDAQ:BCIC) Rating Lowered to Strong Sell at Zacks Research

Portman Ridge Finance (NASDAQ:BCIC) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Weiss Ratings lowered shares of Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Wall Street Zen lowered Portman Ridge Finance from a “buy” rating to a “sell” rating in a report on Tuesday. LADENBURG THALM/SH SH cut Portman Ridge Finance from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods cut their target price on Portman Ridge Finance from $14.00 to $9.00 and set a “market perform” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Portman Ridge Finance currently has an average rating of “Reduce” and an average target price of $9.00.

Portman Ridge Finance Trading Down 4.8%

Shares of NASDAQ:BCIC opened at $8.53 on Wednesday. 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 market capitalization of $105.69 million, a P/E ratio of 14.97 and a beta of 0.39. Portman Ridge Finance has a fifty-two week low of $8.53 and a fifty-two week high of $16.91.

Institutional Investors Weigh In On Portman Ridge Finance

A hedge fund recently bought a new stake in Portman Ridge Finance stock. Arlington Trust Co LLC purchased a new stake in shares of Portman Ridge Finance Corp (NASDAQ:BCIC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm 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.

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.