Portman Ridge Finance Corp (BCIC) to Issue Monthly Dividend of $0.09 on July 31st

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Thursday, May 7th. Investors of record on Wednesday, July 15th will be given a dividend of 0.09 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Wednesday, July 15th.

Portman Ridge Finance Price Performance

Shares of BCIC stock opened at $8.35 on Friday. The firm has a market capitalization of $103.37 million, a PE ratio of -34.79 and a beta of 0.51. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 1.47. The company has a fifty day moving average price of $8.42. Portman Ridge Finance has a one year low of $7.11 and a one year high of $13.50.

Analysts Set New Price Targets

BCIC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Portman Ridge Finance from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Zacks Research cut shares of Portman Ridge Finance from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. LADENBURG THALM/SH SH cut shares of Portman Ridge Finance from a “buy” rating to a “neutral” rating in a research note on Monday, March 9th. Keefe, Bruyette & Woods cut their price target on shares of Portman Ridge Finance from $14.00 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, March 10th. Finally, Weiss Ratings cut shares of Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Portman Ridge Finance currently has an average rating of “Reduce” and an average price target of $9.00.

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.