Wealth Enhancement Advisory Services LLC Makes New Investment in Portman Ridge Finance Corporation $PTMN

Wealth Enhancement Advisory Services LLC bought a new stake in Portman Ridge Finance Corporation (NASDAQ:PTMN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 232,354 shares of the company’s stock, valued at approximately $2,684,000.

Other large investors have also recently added to or reduced their stakes in the company. Marex Group plc purchased a new stake in Portman Ridge Finance in the 2nd quarter valued at approximately $1,029,000. Squarepoint Ops LLC acquired a new stake in shares of Portman Ridge Finance in the 2nd quarter valued at approximately $574,000. Winnow Wealth LLC purchased a new stake in shares of Portman Ridge Finance in the second quarter valued at approximately $201,000. Virtus Investment Advisers LLC grew its holdings in Portman Ridge Finance by 15.3% during the second quarter. Virtus Investment Advisers LLC now owns 43,619 shares of the company’s stock worth $546,000 after acquiring an additional 5,775 shares during the period. Finally, Marshall Wace LLP acquired a new position in Portman Ridge Finance during the second quarter worth $822,000. 30.14% of the stock is owned by hedge funds and other institutional investors.

Portman Ridge Finance Price Performance

Shares of NASDAQ PTMN opened at $12.41 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.11 and a current ratio of 3.11. Portman Ridge Finance Corporation has a one year low of $11.48 and a one year high of $18.92. The firm has a market capitalization of $163.71 million, a P/E ratio of -13.34 and a beta of 0.60. The company’s fifty day moving average is $12.40 and its two-hundred day moving average is $12.21.

Portman Ridge Finance Company Profile

Portman Ridge Finance (NASDAQ: PTMN) is a publicly traded, closed-end management investment company that has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. Since its formation in 2015, the firm has focused on providing customized financing solutions to U.S. middle-market companies, including senior secured loans, unitranche instruments, mezzanine debt and select equity co‐investments. Its flexible approach allows Portman Ridge to structure transactions that address a range of sponsor-backed and privately negotiated financing needs.

The company’s portfolio spans a variety of industry sectors such as healthcare, business services, consumer goods and industrials.