Portman Ridge Finance (NASDAQ:BCIC) Downgraded by Zacks Research to Strong Sell

Portman Ridge Finance (NASDAQ:BCIC) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

BCIC has been the topic of several other research reports. Weiss Ratings cut shares of Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. LADENBURG THALM/SH SH lowered shares of Portman Ridge Finance from a “buy” rating to a “neutral” rating in a research note on Monday. Wall Street Zen lowered shares of Portman Ridge Finance from a “buy” rating to a “sell” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods dropped their price target on Portman Ridge Finance from $14.00 to $9.00 and set a “market perform” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $9.00.

Portman Ridge Finance Trading Down 4.8%

Shares of Portman Ridge Finance stock opened at $8.53 on Wednesday. Portman Ridge Finance has a 52 week low of $8.53 and a 52 week high of $16.91. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $105.69 million, a price-to-earnings ratio of 14.97 and a beta of 0.39.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC purchased a new stake in shares of Portman Ridge Finance Corp (NASDAQ:BCIC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,468 shares of the company’s stock, valued at approximately $29,000. Hedge funds and other institutional investors own 30.14% of the company’s stock.

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, 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.