Portman Ridge Finance (NASDAQ:BCIC) Releases Quarterly Earnings Results

Portman Ridge Finance (NASDAQ:BCIC) released its earnings results on Thursday. The company reported ($0.79) EPS for the quarter, FiscalAI reports. Portman Ridge Finance had a return on equity of 12.45% and a net margin of 28.39%.The company had revenue of $2.65 million during the quarter.

Portman Ridge Finance Stock Performance

Shares of BCIC traded down $0.05 during trading hours on Thursday, hitting $11.42. The stock had a trading volume of 40,892 shares, compared to its average volume of 61,259. Portman Ridge Finance has a fifty-two week low of $11.12 and a fifty-two week high of $17.08. The stock has a market cap of $149.39 million, a P/E ratio of 10.48 and a beta of 0.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.18 and a quick ratio of 2.18.

Institutional Investors Weigh In On Portman Ridge Finance

An institutional investor recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC purchased a new position in Portman Ridge Finance Corp (NASDAQ:BCIC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,468 shares of the company’s stock, valued at approximately $29,000. Institutional investors own 30.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BCIC. Weiss Ratings downgraded Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Wall Street Zen lowered Portman Ridge Finance from a “strong-buy” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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, 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.