Portman Ridge Finance (NASDAQ:BCIC) Raised to Hold at Zacks Research

Portman Ridge Finance (NASDAQ:BCIC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Portman Ridge Finance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Oppenheimer dropped their price target on shares of Portman Ridge Finance from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, August 10th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating for the company in a report on Monday, August 10th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Portman Ridge Finance presently has a consensus rating of “Reduce” and an average price target of $9.25.

Portman Ridge Finance Trading Up 1.0%

Shares of BCIC opened at $6.03 on Tuesday. Portman Ridge Finance has a fifty-two week low of $5.78 and a fifty-two week high of $13.50. The business has a 50-day moving average of $6.82 and a 200 day moving average of $8.01. The firm has a market cap of $74.65 million, a P/E ratio of 2.64 and a beta of 0.55. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.45 and a current ratio of 1.45.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities.

Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.