Portman Ridge Finance (NASDAQ:PTMN) Releases Earnings Results, Misses Estimates By $0.08 EPS

Portman Ridge Finance (NASDAQ:PTMN) issued its quarterly earnings data on Thursday. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08), Zacks reports. The business had revenue of $14.40 million during the quarter, compared to the consensus estimate of $15.14 million. Portman Ridge Finance had a return on equity of 14.68% and a net margin of 5.47%.

Portman Ridge Finance Trading Down 4.0 %

Shares of NASDAQ PTMN opened at $15.79 on Friday. The business has a fifty day moving average price of $16.85 and a 200 day moving average price of $17.42. Portman Ridge Finance has a 1-year low of $15.16 and a 1-year high of $20.84. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.14 and a quick ratio of 3.14. The stock has a market capitalization of $145.47 million, a P/E ratio of 42.68 and a beta of 1.02.

Portman Ridge Finance Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 11.91%. The ex-dividend date of this dividend is Monday, March 24th. Portman Ridge Finance’s payout ratio is -431.25%.

Portman Ridge Finance Company Profile

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, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.