Portman Ridge Finance (NASDAQ:PTMN) and Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI) Head-To-Head Comparison

Profitability

This table compares Portman Ridge Finance and Western Asset Investment Grade Defined Opportunity Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Portman Ridge Finance	-15.92%	11.49%	4.54%
Western Asset Investment Grade Defined Opportunity Trust	N/A	N/A	N/A

Institutional & Insider Ownership

30.1% of Portman Ridge Finance shares are owned by institutional investors. 2.1% of Portman Ridge Finance shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Dividends

Portman Ridge Finance pays an annual dividend of $1.88 per share and has a dividend yield of 24.3%. Western Asset Investment Grade Defined Opportunity Trust pays an annual dividend of $0.85 per share and has a dividend yield of 5.3%. Portman Ridge Finance pays out -202.2% of its earnings in the form of a dividend.

Earnings & Valuation

This table compares Portman Ridge Finance and Western Asset Investment Grade Defined Opportunity Trust”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Portman Ridge Finance	-$2.85 million	-35.84	-$5.93 million	($0.93)	-8.31
Western Asset Investment Grade Defined Opportunity Trust	$7.02 million	N/A	N/A	N/A	N/A

Western Asset Investment Grade Defined Opportunity Trust has higher revenue and earnings than Portman Ridge Finance.

Summary

Portman Ridge Finance beats Western Asset Investment Grade Defined Opportunity Trust on 6 of the 8 factors compared between the two stocks.

About Portman Ridge Finance

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, mezzanine, 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. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust Inc. is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited. The fund invests in fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in investment-grade corporate debt securities with varied maturities. It will liquidate on or about December 2, 2024. The fund conducts in-house research to make its investments. Western Asset Investment Grade Defined Opportunity Trust Inc. was formed on June 26, 2009 and is domiciled in the United States.