Portman Ridge Finance Corp (BCIC) to Issue Monthly Dividend of $0.09 on December 4th

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a monthly dividend on Thursday, August 6th. Investors of record on Monday, November 23rd will be given a dividend of 0.09 per share on Friday, December 4th. This represents a c) annualized dividend and a yield of 14.4%. The ex-dividend date of this dividend is Monday, November 23rd.

Portman Ridge Finance Stock Performance

BCIC stock opened at $7.50 on Friday. Portman Ridge Finance has a one year low of $6.70 and a one year high of $13.50. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.74. The firm’s fifty day moving average price is $7.30. The firm has a market capitalization of $92.85 million, a price-to-earnings ratio of -13.64 and a beta of 0.50.

Insider Activity at Portman Ridge Finance

In other Portman Ridge Finance news, CEO Edward J. Goldthorpe bought 13,738 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $7.16 per share, for a total transaction of $98,364.08. Following the transaction, the chief executive officer directly owned 99,878 shares of the company’s stock, valued at approximately $715,126.48. This represents a 15.95% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dean C. Kehler sold 15,000 shares of Portman Ridge Finance stock in a transaction on Monday, May 18th. The shares were sold at an average price of $7.64, for a total transaction of $114,600.00. Following the completion of the sale, the director directly owned 5,649 shares in the company, valued at $43,158.36. This represents a 72.64% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Portman Ridge Finance

An institutional investor recently bought a new stake in Portman Ridge Finance stock. Arlington Trust Co LLC bought a new stake in Portman Ridge Finance Corp (NASDAQ:BCIC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,468 shares of the company’s stock, valued at approximately $29,000. Institutional investors and hedge funds own 30.14% of the company’s stock.

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.