Portman Ridge Finance (PTMN) Set to Announce Quarterly Earnings on Thursday

Portman Ridge Finance (NASDAQ:PTMN) is set to issue its quarterly 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 are interested in participating in the company’s earnings conference call can do so using this link.

Portman Ridge Finance (NASDAQ:PTMN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Portman Ridge Finance had a net margin of 18.14% and a return on equity of 14.86%. The company had revenue of $16.34 million during the quarter, compared to analysts’ expectations of $16.68 million. During the same quarter last year, the company posted $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 Stock Down 0.3 %

Portman Ridge Finance stock opened at $18.46 on Tuesday. The firm has a market capitalization of $170.57 million, a P/E ratio of 14.09 and a beta of 1.02. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.44. Portman Ridge Finance has a twelve month low of $16.27 and a twelve month high of $20.84. The stock’s fifty day simple moving average is $18.38 and its 200-day simple moving average is $19.08.

Portman Ridge Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.76 annualized dividend and a yield of 14.95%. Portman Ridge Finance’s dividend payout ratio (DPR) is 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.