Portman Ridge Finance (NASDAQ:BCIC) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Portman Ridge Finance (NASDAQ:BCICFree Report) from a strong-buy rating to a buy rating in a research note released on Saturday.

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

View Our Latest Stock Analysis on Portman Ridge Finance

Portman Ridge Finance Price Performance

Shares of NASDAQ:BCIC opened at $12.10 on Friday. Portman Ridge Finance has a one year low of $11.12 and a one year high of $17.51. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $158.28 million, a P/E ratio of 11.10 and a beta of 0.38.

Hedge Funds Weigh In On Portman Ridge Finance

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

Portman Ridge Finance Company Profile

(Get Free Report)

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.

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