Portman Ridge Finance (NASDAQ:BCIC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Portman Ridge Finance (NASDAQ:BCIC) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings raised shares of Portman Ridge Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Portman Ridge Finance Stock Up 0.4%

NASDAQ BCIC opened at $11.31 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $147.93 million, a price-to-earnings ratio of 10.38 and a beta of 0.38. Portman Ridge Finance has a 1-year low of $11.12 and a 1-year high of $17.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Portman Ridge Finance stock. Arlington Trust Co LLC acquired a new stake in Portman Ridge Finance Corp (NASDAQ:BCIC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,468 shares of the company’s stock, valued at approximately $29,000. Institutional investors and hedge funds own 30.14% of the company’s stock.

About Portman Ridge Finance

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.