Portman Ridge Finance Corp

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. The company was founded on August 8, 2006 and is headquartered in New York, NY.

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NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, after market close. The Company will host a conference call on Thursday, May 9, 2024, at 9:00 a.m.

Portman Ridge Finance Corporation Schedules First Quarter 2024 Earnings Release and Conference Call

Portman Ridge Finance Corporation (PTMN) Q4 2023 Earnings Call Transcript

Reports Strong Year-Over-Year Performance with Total Investment Income of $76.3 Million, an Increase of 9.6% and Net Investment Income of $34.8 Million

Portman Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results

BCPC created PTMN by purchasing several underperforming BDCs with the goal of selling off the Legacy investments and replacing them with Core MM Loans ("Portfolio Optimization Process"). The Portfolio Optimization Process is almost completed, with Legacy investments only making up 27% of its investments. The process hasn't come without pain. PTMN incurred realized and unrealized losses of $4.39/share and $2.76/share over the last 2 years. Most of the losses were related to its Legacy investments.

Portman Ridge Finance's Transformation Is Nearly Complete, So It's Time To Reconsider This 14.5% Yielding BDC

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, March 13, 2024, after market close. The Company will host a conference call on Thursday, March 14, 2024, at 9:00 a.m.

Portman Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Portman Ridge Finance is a small business development company investing in middle market businesses across various sectors. The company's portfolio at fair value has been falling with its net asset value also experiencing weakness but with buybacks helping to repair the per share figure. A 15% dividend yield that's 109% covered by fiscal 2023 third quarter net investment income is under pressure to open the specter of a dividend cut this year.

Portman Ridge Finance: Complicated 15% Dividend At An 18.5% Discount To NAV

Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q3 2023 Results Conference Call November 9, 2023 4:00 PM ET Company Participants Ted Goldthorpe - Chairman, CEO and President Patrick Schafer - Chief Investment Officer Jason Roos - CFO, Secretary and Treasurer Conference Call Participants Paul Johnson - KBW Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Operator Welcome to Portman Ridge Finance Corporation's Third Quarter 2023 Earnings Conference Call. An earnings press release was distributed yesterday, November 8, after market close.

Portman Ridge Finance Corporation (PTMN) Q3 2023 Earnings Call Transcript

Reports Strong Performance with Increases in Net Asset Value Per Share Quarter-over-Quarter, Core Investment Income and Net Investment Income Year-over-Year, While Also Continuing Share Repurchase Program in the Third Quarter of 2023

Portman Ridge Finance Corporation Announces Third Quarter 2023 Financial Results

NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the third quarter ended September 30, 2023, on Wednesday, November 8, 2023, after market close. The Company will host a conference call on Thursday, November 9, 2023, at 4:00 p.m.

Portman Ridge Finance Corporation Schedules Third Quarter 2023 Earnings Release and Conference Call

Portman Ridge (PTMN) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.57 per share a year ago.

Portman Ridge (PTMN) Misses Q2 Earnings and Revenue Estimates

Reports Strong Performance with Elevated Total Investment Income, Core Investment Income and Net Investment Income Year-over-Year, While Also Continuing Share Repurchase Program in the Second Quarter of 2023

Portman Ridge Finance Corporation Announces Second Quarter 2023 Financial Results

Portman Ridge Finance has been struggling to outperform its peers and the S&P 500, with its stock underperforming over the past nine months. Despite a rise in total investment, core investment, and net investment income in Q1 2023, the company saw a decline in total investments at fair value and an increase in non-accruals. The company is still absorbing costs and monetizing assets from M&A activities between 2019 and 2021, and analysts rate the stock as underperforming with a negative view.

Portman Ridge - Seeking Total Return, But Not Finding It

NEW YORK, July 13, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) to release its financial results for the second quarter ended June 30, 2023, on Wednesday, August 9, 2023, after market close. The Company will host a conference call on Thursday, August 10, 2023, at 9:00 a.m.

Portman Ridge Finance Corporation Schedules Second Quarter 2023 Earnings Release and Conference Call

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that its management team will be presenting at the LD Micro Invitational Conference to be held at the Luxe Sunset Boulevard Hotel, in California.

Portman Ridge Finance Corporation to Present at the LD Micro Invitational Conference on June 6

Portman Ridge (PTMN) could produce exceptional returns because of its solid growth attributes.

Looking for a Growth Stock? 3 Reasons Why Portman Ridge (PTMN) is a Solid Choice

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Portman Ridge Finance (PTMN) Stock Undervalued Right Now?

3 Reasons Why Portman Ridge (PTMN) Is a Great Growth Stock

Portman Ridge (PTMN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Portman Ridge (PTMN) a New Buy Stock

Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Company Participants Ted Goldthorpe - CEO, President and Director Jason Roos - CFO Patrick Schafer - CIO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Ryan Lynch - KBW Steven Martin - Slater Operator Welcome to Portman Ridge Finance Corporation's First Quarter 2023 Earnings Conference Call. An earnings press release was distributed yesterday, May 10, after market close.

Portman Ridge Finance Corporation (PTMN) Q1 2023 Earnings Call Transcript

Portman Ridge (PTMN) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.82 per share a year ago.

Portman Ridge (PTMN) Q1 Earnings and Revenues Beat Estimates

Reports Strong Performance with Higher Total Investment Income, Core Investment Income and Net Investment Income Quarter-over-Quarter, While Also Continuing Share Repurchase Program in the First Quarter of 2023

Portman Ridge Finance Corporation Announces First Quarter 2023 Financial Results

NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) to release its financial results for the first quarter ended March 31, 2023 on Wednesday, May 10, 2023, after market close. The Company will host a conference call on Thursday, May 11, 2023 at 9:00 a.m.

Portman Ridge Finance Corporation Schedules First Quarter 2023 Earnings Release and Conference Call

NEW YORK, March 23, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that it has entered into a new Rule 10b5-1 stock trading plan to facilitate the repurchase of its common stock in accordance with its recently re-authorized $10 million share repurchase program, effective March 22, 2023.

Portman Ridge Finance Corporation Resumes Share Repurchases Under a New 10b5-1 Stock Trading Plan

Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q4 2022 Results Conference Call March 10, 2023 9:00 AM ET Company Participants Ted Goldthorpe - CEO, President & Director Jason Roos - CFO Patrick Schafer - CIO Conference Call Participants Ryan Lynch - KBW Christopher Nolan - Ladenburg Thalmann Operator Welcome to Portman Ridge Finance Corporation's Fourth Quarter and Full Year 2022 Earnings Conference Call. An earnings press release was distributed yesterday, March 9, after market close.

Portman Ridge Finance Corporation (PTMN) Q4 2022 Earnings Call Transcript

Portman Ridge (PTMN) delivered earnings and revenue surprises of -2.63% and 1.39%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Portman Ridge Finance Corp ETF (PTMN)