JB Capital Partners LP Purchases Shares of 122,447 Portman Ridge Finance Corporation $PTMN

JB Capital Partners LP purchased a new stake in shares of Portman Ridge Finance Corporation (NASDAQ:PTMN) in the third quarter, Holdings Channel.com reports. The firm purchased 122,447 shares of the company’s stock, valued at approximately $1,412,000.

Several other institutional investors have also recently made changes to their positions in the company. Bulldog Investors LLP raised its position in shares of Portman Ridge Finance by 112.4% in the third quarter. Bulldog Investors LLP now owns 460,007 shares of the company’s stock worth $5,304,000 after buying an additional 243,461 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Portman Ridge Finance in the 3rd quarter valued at about $2,684,000. Marex Group plc purchased a new stake in shares of Portman Ridge Finance in the 2nd quarter valued at about $1,029,000. Marshall Wace LLP bought a new stake in shares of Portman Ridge Finance during the 2nd quarter valued at about $822,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Portman Ridge Finance during the second quarter worth about $574,000. Institutional investors own 30.14% of the company’s stock.

Portman Ridge Finance Stock Down 1.2%

PTMN stock opened at $8.43 on Monday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 1.54. The company’s 50 day moving average is $11.71 and its 200 day moving average is $11.99. The stock has a market cap of $111.21 million, a price-to-earnings ratio of -9.06 and a beta of 0.60. Portman Ridge Finance Corporation has a 1-year low of $11.48 and a 1-year high of $18.92.

Portman Ridge Finance Profile

Portman Ridge Finance (NASDAQ: PTMN) is a publicly traded, closed-end management investment company that has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. Since its formation in 2015, the firm has focused on providing customized financing solutions to U.S. middle-market companies, including senior secured loans, unitranche instruments, mezzanine debt and select equity co‐investments. Its flexible approach allows Portman Ridge to structure transactions that address a range of sponsor-backed and privately negotiated financing needs.

The company’s portfolio spans a variety of industry sectors such as healthcare, business services, consumer goods and industrials.