Shares of Portman Ridge Finance Corporation (NASDAQ:PTMN – Get Free Report) shot up 3.2% on Friday. The stock traded as high as $6.17 and last traded at $6.14. 46,410 shares were traded during mid-day trading, a decline of 1% from the average session volume of 46,716 shares. The stock had previously closed at $5.95.
Portman Ridge Finance Trading Up 3.2%
The stock’s 50 day moving average is $6.96 and its two-hundred day moving average is $8.27. The company has a market capitalization of $81.00 million, a PE ratio of -6.60 and a beta of 0.60. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.54.
Portman Ridge Finance Company Profile
Portman Ridge Finance Corporation is a business development company (BDC) that provides financing to middle-market companies. The company seeks to invest in established businesses through a range of debt and equity instruments, with a primary focus on privately negotiated investments in U.S. companies.
Its portfolio may include senior secured loans, unitranche and subordinated debt, and equity investments. Portman Ridge generally targets companies across a variety of industries and uses its investments to support acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate purposes.
The company was formerly known as KCAP Financial, Inc and adopted the Portman Ridge Finance name in 2019.
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