Zacks Investment Research downgraded shares of Portman Ridge Finance (NASDAQ:PTMN) from a hold rating to a sell rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Portman Ridge Finance Corporation is an investment company. It focuses on investment in consumer products, food and beverages, heathcare, logistics and distribution, media, telecommunication, education, aerospace and defense, industrial and environmental industries. Portman Ridge Finance Corporation, formerly known as KCAP Financial Inc., is based in New York, United States. “

PTMN has been the subject of a number of other reports. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. TheStreet upgraded TELUS from a c+ rating to a b- rating in a research report on Thursday, April 4th.

NASDAQ PTMN opened at $2.45 on Tuesday. The stock has a 50 day moving average of $2.54. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $92.27 million, a price-to-earnings ratio of 16.47 and a beta of 0.74. Portman Ridge Finance has a 52-week low of $2.25 and a 52-week high of $3.80.

Portman Ridge Finance (NASDAQ:PTMN) last announced its quarterly earnings results on Friday, May 10th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). The company had revenue of $5.80 million for the quarter. Portman Ridge Finance had a negative net margin of 88.64% and a positive return on equity of 3.28%. As a group, equities research analysts predict that Portman Ridge Finance will post 0.21 EPS for the current fiscal year.

An institutional investor recently bought a new position in Portman Ridge Finance stock. Almitas Capital LLC bought a new position in shares of Portman Ridge Finance Corp (NASDAQ:PTMN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,408 shares of the company’s stock, valued at approximately $70,000. Almitas Capital LLC owned approximately 0.05% of Portman Ridge Finance as of its most recent SEC filing. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

Portman Ridge Finance Company Profile

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.

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