Portman Ridge Finance Corp Declares Monthly Dividend of $0.09 (NASDAQ:BCIC)

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, March 5th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.09 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date is Monday, June 15th.

Portman Ridge Finance Stock Performance

Shares of Portman Ridge Finance stock traded down $0.05 during midday trading on Friday, reaching $7.46. 50,383 shares of the company’s stock traded hands, compared to its average volume of 65,396. The stock has a market capitalization of $92.35 million, a P/E ratio of -31.08 and a beta of 0.50. The firm has a 50 day moving average of $7.75. The company has a debt-to-equity ratio of 1.74, a quick ratio of 4.43 and a current ratio of 4.43. Portman Ridge Finance has a 52 week low of $7.11 and a 52 week high of $13.50.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Portman Ridge Finance in a report on Friday, May 22nd. Zacks Research upgraded shares of Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Portman Ridge Finance from a “sell” rating to a “hold” rating in a report on Wednesday, March 18th. LADENBURG THALM/SH SH downgraded shares of Portman Ridge Finance from a “buy” rating to a “neutral” rating in a report on Monday, March 9th. Finally, 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 on the stock in a report on Tuesday, March 10th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Portman Ridge Finance presently has an average rating of “Reduce” and a consensus 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.