Portman Ridge Finance (PTMN) Scheduled to Post Earnings on Thursday

Portman Ridge Finance (NASDAQ:PTMN) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Portman Ridge Finance (NASDAQ:PTMN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $16.34 million during the quarter, compared to the consensus estimate of $16.68 million. Portman Ridge Finance had a return on equity of 14.86% and a net margin of 18.14%. During the same period in the prior year, the business earned $0.83 EPS. On average, analysts expect Portman Ridge Finance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Portman Ridge Finance Trading Down 0.8 %

NASDAQ:PTMN opened at $18.40 on Thursday. Portman Ridge Finance has a 12-month low of $16.27 and a 12-month high of $20.84. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.44. The stock’s 50 day simple moving average is $18.41 and its 200-day simple moving average is $19.09. The firm has a market cap of $170.09 million, a P/E ratio of 14.05 and a beta of 1.02.

Portman Ridge Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were paid a $0.69 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.76 annualized dividend and a yield of 15.00%. Portman Ridge Finance’s dividend payout ratio is currently 210.69%.

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, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.