Financial Services -
Asset Management - NASDAQ - US
$ 12.12
-6.77 %
$ 111 M
Market Cap
-18.94
P/E
1. INTRINSIC VALUE
Balance Sheet
Portman Ridge Finance Corporation
| Current Assets | 23.6 M |
| Cash & Short-Term Investments | 17.5 M |
| Receivables | 6.09 M |
| Other Current Assets | 0 |
| Non-Current Assets | 405 M |
| Long-Term Investments | 405 M |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 10 M |
| Accounts Payable | 6.65 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 3.35 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Portman Ridge Finance Corporation
| Revenue | 46.9 M |
| Cost Of Revenue | 0 |
| Gross Profit | 46.9 M |
| Operating Expenses | 3.65 M |
| Operating Income | 43.2 M |
| Other Expenses | 49.2 M |
| Net Income | -5.94 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Portman Ridge Finance Corporation
| Net Income | -5.94 M |
| Depreciation & Amortization | -1.01 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 0 |
| Others | 54.7 M |
| Free Cash Flow | 56.6 M |
Wall Street Analysts Price Targets
Portman Ridge Finance Corporation
PTMN has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
4.13%
DIVIDEND YIELD
0.54 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Portman Ridge Finance Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Portman Ridge Finance Corporation Schedules First Quarter 2025 Earnings Release and Conference Call
NEW YORK, April 03, 2025 (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, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 10:00 a.m.
globenewswire.com
- 2 weeks ago
Portman Ridge Finance: NAV Continues To Slide (Rating Downgrade)
PTMN's NAV and earnings are declining, with poor new investment activity and a recent 32% dividend cut, prompting a downgrade to a sell rating. The portfolio is diverse and mostly secured, but non-accruals and growing PIK income indicate quality issues and distressed borrowers. PTMN's price is inversely related to interest rates, and with rates expected to remain high, the stock is likely to continue underperforming.
seekingalpha.com
- 1 month ago
Portman Ridge Finance Corporation (PTMN) Q4 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q4 2024 Results Conference Call March 14, 2025 10:30 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer Conference Call Participants Chris Nolan - Ladenburg Steve Slater - Slater Capital Management Paul Johnson - KBW Operator Welcome to Portman Ridge Finance Corporation's Fourth Quarter and Full Year Ended December 31, 2024 Earnings Conference Call. An earnings press release was distributed yesterday, March 13 2025, after the close of the market.
seekingalpha.com
- 1 month ago
Portman Ridge (PTMN) Q4 Earnings and Revenues Lag Estimates
Portman Ridge (PTMN) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.19 per share a year ago.
zacks.com
- 1 month ago
Portman Ridge Finance Corporation Announces Fourth Quarter and Full Year 2024 Financial Results
Reports Net Investment Income of $2.59 Per Share for Full Year 2024 and Net Asset Value of $19.41 Per Share
globenewswire.com
- 1 month ago
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PTMN and LRFC on Behalf of Shareholders
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
globenewswire.com
- 2 months ago
LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Logan Ridge Finance Corporation (NasdaqGS: LRFC) to Portman Ridge Finance Corporation (NasdaqGS: PTMN). Under the terms of the proposed transaction, shareholders of Logan Ridge will receive 1.50 newly issued shares of Portman for each share of Logan Ridge that they own. KSF is seeking to determine whether this.
businesswire.com
- 2 months ago
PTMN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Portman Ridge Finance Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Portman Ridge Finance Corporation (NASDAQ: PTMN) and Logan Ridge Finance Corporation is fair to Portman shareholders. Halper Sadeh encourages Portman shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Portman an.
businesswire.com
- 2 months ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Portman Ridge Finance Corporation - PTMN
NEW YORK , Jan. 31, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Portman Ridge Finance Corporation (Nasdaq: PTMN ), relating to the proposed merger with Logan Ridge Finance Corporation.
prnewswire.com
- 2 months ago
Portman Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
NEW YORK, Jan. 16, 2025 (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, 2024, on Thursday, March 13, 2025, after market close. The Company will host a conference call on Friday, March 14, 2025, at 10:30 a.m.
globenewswire.com
- 3 months ago
Portman Ridge Finance: Vulnerable To Higher Interest Rates
Portman Ridge Finance's price has declined by over 32% in three years due to high interest rates, but offers a 16.8% dividend yield. PTMN's portfolio is diverse, with 85.5% in first lien senior secured debt, but has seen a decrease in net asset value and investment income as the portfolio quality deteriorates. The current dividend yield is unsustainable, and a cut is likely, making PTMN less attractive for income-focused investors.
seekingalpha.com
- 3 months ago
Portman Ridge Finance: This 16.4% Yield Is A Hold For Now, But Proceed With Caution
Portman Ridge Finance Corporation offers a high yield but has shown disappointing returns, with a nearly 20% decline over the past 3 years. The business development company's financials are concerning, with declining net investment income and NAV erosion, raising questions about dividend safety. Despite a 17.19% discount to NAV and spillover income, the dividend coverage is weak, and leverage is above the sector median.
seekingalpha.com
- 4 months ago
8. Profile
Summary
Portman Ridge Finance Corporation PTMN
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 111 M
Dividend Yield
4.13%
Description
Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.
Contact
650 Madison Avenue, New York, NY, 10022
https://www.portmanridge.com
IPO
Date
Dec. 12, 2006
Employees
0
Officers
Mr. Patrick Schafer
Chief Investment Officer & Director
Mr. Edward Joseph Goldthorpe
Chairman, Chief Executive Officer & President
Mr. David Isaac Held J.D.
Chief Compliance Officer
Mr. Brandon Satoren
Chief Financial Officer, Secretary & Treasurer