Zacks Investment Research cut shares of Portman Ridge Finance (NASDAQ:PTMN) from a hold rating to a sell rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “

PTMN has been the subject of a number of other research reports. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. TheStreet raised TELUS from a c+ rating to a b- rating in a research report on Thursday, April 4th.

PTMN opened at $2.45 on Tuesday. The firm’s 50 day simple moving average is $2.54. The company has a market cap of $92.27 million, a price-to-earnings ratio of 16.47 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.24 and a quick ratio of 0.24. Portman Ridge Finance has a one year low of $2.25 and a one year high of $3.80.

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

An institutional investor recently bought a new position in Portman Ridge Finance stock. Almitas Capital LLC acquired a new stake in Portman Ridge Finance Corp (NASDAQ:PTMN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,408 shares of the company’s stock, valued at approximately $70,000. Almitas Capital LLC owned approximately 0.05% of Portman Ridge Finance at the end of the most recent reporting period. Institutional investors own 22.02% of the company’s stock.

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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