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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Portman Ridge Finance Corp reports strong Q2 earnings and optimistic outlook for growth

Portman Ridge Finance Corp's Q2 2024 performance reflects solid financial results, strategic initiatives, and a positive outlook for the future. Despite challenges in private credit spreads, the company's diversified portfolio and enhanced credit facility provide a strong foundation for growth and value creation.

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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) a Great Value Stock Right Now?

Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q1 2022 Earnings Conference Call May 11, 2022 9:00 AM ET Company Participants Ted Goldthorpe – Chief Executive Officer Jason Ross – Chief Financial Officer Patrick Schafer – Chief Investment Officer Conference Call Participants Christopher Nolan – Ladenburg Thalmann Ryan Lynch – Keefe, Bruyette & Woods, Inc. Steven Martin – Slater Capital Investment Operator Good day and thank you for standing by. Welcome to the Portman Ridge first-quarter 2022, Financial Results Conference Call.

Portman Ridge Finance Corporation (PTMN) CEO Ted Goldthorpe on Q1 2022 Results - Earnings Call Transcript

Well Positioned to Further Improve Portfolio Performance and Increase Investment Income in 2022; Refinances JPMorgan Chase Bank (“JPM”) Credit Facility and Reduces Cost of Capital

Portman Ridge Finance Corporation Announces First Quarter 2022 Financial Results

NEW YORK, March 21, 2022 (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.

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

Portman Ridge Finance Corporation (PTMN) CEO Ted Goldthorpe on Q4 2021 Results - Earnings Call Transcript

Increases Quarterly Distribution to $0.63 Per Share Increases Quarterly Distribution to $0.63 Per Share

Portman Ridge Finance Corporation Announces Full Year 2021 Financial Results

Portman Ridge has completed the integration of the three BDCs that it acquired over the last two years.

Portman's Growing Pains Should Be Over - Increase In Q4 Dividend Expected

PTMN is a small cap BDC backed by BC Partners that is growing NAV and paying a 10% distribution that is well covered. After a series of M&A transactions over the past 3 years, the portfolio is being repositioned to leverage the expanded scale and breadth of BCP Credit and affiliated businesses.

Portman Ridge - Revisiting An Old Friend Pays Dividends

NEW YORK, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) will participate in the Sidoti Virtual Small Cap Conference taking place on January 19-20, 2022.

Portman Ridge Finance Corporation to Present at the Sidoti Virtual Small Cap Conference

If you are looking for stocks that are well positioned to maintain their recent uptrend, Portman Ridge (PTMN) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Portman Ridge (PTMN) Is a Great Choice for "Trend" Investors, Here's Why

Portman Ridge Finance Corporation's (PTMN) CEO Ted Goldthorpe on Q3 2021 Results - Earnings Call Transcript

NEW YORK, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the third quarter ended September 30, 2021 and declared a quarterly stockholder distribution of $0.62 per share for the fourth quarter of 2021, payable on November 30, 2021 to stockholders of record at the close of business on November 15, 2021. This is an increase of $0.02 per share from $0.60 per share last quarter.

Portman Ridge Finance Corporation Reports Third Quarter 2021 Earnings Results; Declares Quarterly Distribution of $0.62 Per Share

Call Scheduled for 11:00 a.m. Eastern Time on Friday, November 5, 2021 Call Scheduled for 11:00 a.m. Eastern Time on Friday, November 5, 2021

Portman Ridge Finance Corporation Schedules Third Quarter 2021 Earnings Release and Conference Call

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Portman Ridge (PTMN) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

What Makes Portman Ridge (PTMN) a Good Fit for "Trend Investing"

NEW YORK, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”, “Portman Ridge”, or “PTMN”) reported that its previously announced 1-for-10 reverse stock split became effective today, Thursday, August 26, 2021, and its common stock will begin trading on a split-adjusted basis on the Nasdaq Stock Market at market open. As a result of the reverse stock split, the number of issued and outstanding shares of the Company's common stock will be reduced on a 10:1 basis, such that each shareholder will receive one share for every ten shares owned. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol “PTMN” under a new CUSIP number 73688F201.

Portman Ridge Finance Corporation Announces Completion of its Previously Announced 1-for-10 Reverse Stock Split

NEW YORK, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”, “Portman Ridge”, or “PTMN”) reported that it expects to implement the previously announced 1-for-10 reverse stock split effective Thursday, August 26, 2021 with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol “PTMN” but the security will be assigned a new CUSIP number.

Portman Ridge Finance Corporation Announces Further Detail on its Previously Announced 1-for-10 Reverse Stock Split

Portman Ridge Finance Corporation (PTMN) CEO Ted Goldthorpe on Q2 2021 Results - Earnings Call Transcript

NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the second quarter ended June 30, 2021 and declared a quarterly stockholder distribution of $0.06 per share, payable on August 31, 2021 to stockholders of record at the close of business on August 17, 2021. The Company also announced that its Board of Directors has approved a 1-for-10 reverse stock split of the Company's then outstanding common stock, which is expected to be completed in the third quarter of 2021.

Portman Ridge Finance Corporation Reports Second Quarter 2021 Earnings Results; Declares Quarterly Distribution of $0.06 Per Share and Announces 1-for-10 Reverse Stock Split

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “Portman Ridge”) today provided an update on its previously announced share buyback program. Following the recent lifting of the suspension on repurchases under the share buyback program due to its merger transaction with Harvest Capital Credit Corporation (“HCAP”), the Company has been actively repurchasing its shares under the program. To date, the Company has repurchased approximately $1.1 million of its shares since the closing the HCAP merger transaction on June 9. 2021. The Company expects to continue to conduct buybacks under the program throughout the remainder of the year based on market conditions and other factors, subject to legal and contractual restrictions.

Portman Ridge Finance Corporation Resumes Share Buyback Program

Call Scheduled for 11:00 a.m. Eastern Time on Friday, August 6, 2021 Call Scheduled for 11:00 a.m. Eastern Time on Friday, August 6, 2021

Portman Ridge Finance Corporation Schedules Second Quarter 2021 Earnings Release and Conference Call

Let's see if Portman Ridge Finance (PTMN) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Choose Portman Ridge Finance Stock?

NEW YORK, June 24, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a business development company, today announced that on June 23, 2021, it closed a private placement of $28.0 million in aggregate principal amount of 4.875% senior unsecured notes due 2026 (the “Notes”). The Notes have identical terms to the Company's $80.0 of aggregate principal amount of 4.875% Notes due 2026 that were issued on April 30, 2021. The net proceeds to the Company were approximately $27.4 million, after deducting payment of fees and estimated offering expenses.

Portman Ridge Finance Corporation Closes Private Placement of $28 Million of 4.875% Senior Unsecured Notes due 2026

NEW YORK, June 09, 2021 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “PTMN”) announced today the closing of the previously announced merger with Harvest Capital Credit Corporation (formerly NASDAQ: HCAP) (“HCAP”). The combined company, which will remain externally managed by Sierra Crest Investment Management LLC (“Sierra Crest”), an affiliate of BC Partners Advisors L.P. (“BC Partners”), is expected to have total assets of approximately $614 million and net asset value of approximately $268 million after closing.

Portman Ridge Finance Corporation Completes Merger with Harvest Capital Credit Corporation

Portman Ridge Finance's (PTMN) CEO Ted Goldthorpe on Q1 2021 Results - Earnings Call Transcript

News for Portman Ridge Finance Corp ETF (PTMN)