Portman Ridge Finance (NASDAQ:PTMN) was downgraded by TheStreet from a “c-” rating to a “d+” rating in a report issued on Wednesday, TheStreetRatingsTable reports.

PTMN has been the topic of a number of other reports. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

Shares of PTMN stock traded up $0.05 during trading hours on Wednesday, hitting $2.38. The company’s stock had a trading volume of 6,479 shares, compared to its average volume of 106,811. The stock has a 50 day simple moving average of $2.51. The stock has a market cap of $88.53 million, a PE ratio of 8.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.24 and a current ratio of 0.24. Portman Ridge Finance has a 12-month low of $2.25 and a 12-month high of $3.80.

Portman Ridge Finance (NASDAQ:PTMN) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). The business had revenue of $5.80 million during the quarter. Portman Ridge Finance had a negative net margin of 88.64% and a positive return on equity of 3.28%. Research analysts expect that Portman Ridge Finance will post 0.21 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Almitas Capital LLC purchased a new stake in Portman Ridge Finance during the first quarter worth $70,000. Diversified Trust Co purchased a new position in Portman Ridge Finance during the second quarter valued at $629,000. Finally, Thoroughbred Financial Services LLC purchased a new position in Portman Ridge Finance during the second quarter valued at $5,697,000. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corp. is a private equity fund and non-diversified closed-end investment company that invests in middle market companies generating consistent cash flows located in North America. It targets companies operating across a broad range of sectors such as aerospace and defense, automotive, beverage, food and tobacco, broadcasting and entertainment, buildings and real estate, personal and cargo transport, chemicals, plastics and rubber, containers, packaging and glass, diversified or conglomerate service, ecological, electronics, finance, and healthcare.

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