Portman Ridge Finance Corp (BCIC) To Go Ex-Dividend on June 15th

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, March 5th. Stockholders of record on Monday, June 15th will be given a dividend of 0.09 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date of this dividend is Monday, June 15th.

Portman Ridge Finance Stock Down 0.7%

BCIC stock traded down $0.05 during mid-day trading on Friday, reaching $7.46. The company had a trading volume of 50,383 shares, compared to its average volume of 65,396. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $92.35 million, a PE ratio of -31.08 and a beta of 0.50. Portman Ridge Finance has a one year low of $7.11 and a one year high of $13.50. The business has a 50-day moving average price of $7.75.

Insiders Place Their Bets

In related news, Director Dean C. Kehler sold 27,378 shares of Portman Ridge Finance stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $7.60, for a total value of $208,072.80. Following the transaction, the director owned 57,749 shares of the company’s stock, valued at approximately $438,892.40. This trade represents a 32.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 68,467 shares of company stock valued at $530,757. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Portman Ridge Finance

An institutional investor recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC bought a new stake in shares of Portman Ridge Finance Corp (NASDAQ:BCIC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,468 shares of the company’s stock, valued at approximately $29,000. 30.14% of the stock is owned by institutional investors.

About Portman Ridge Finance

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.