Portman Ridge Finance Corporation (NASDAQ:PTMN – Get Free Report) shares traded up 3.2% during mid-day trading on Friday. The stock traded as high as $6.17 and last traded at $6.14. Approximately 46,410 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 46,716 shares. The stock had previously closed at $5.95.
Portman Ridge Finance Price Performance
The firm has a market capitalization of $81.00 million, a P/E ratio of -6.60 and a beta of 0.60. The stock’s fifty day simple moving average is $6.96 and its 200 day simple moving average is $8.27. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.11 and a quick ratio of 3.11.
About Portman Ridge Finance
Portman Ridge Finance Corporation is a business development company (BDC) that provides financing to middle-market companies. The company seeks to invest in established businesses through a range of debt and equity instruments, with a primary focus on privately negotiated investments in U.S. companies.
Its portfolio may include senior secured loans, unitranche and subordinated debt, and equity investments. Portman Ridge generally targets companies across a variety of industries and uses its investments to support acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate purposes.
The company was formerly known as KCAP Financial, Inc and adopted the Portman Ridge Finance name in 2019.
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