Zacks Research upgraded shares of Portman Ridge Finance (NASDAQ:BCIC – Free Report) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks reports.
BCIC has been the topic of a number of other research reports. Weiss Ratings raised Portman Ridge Finance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Oppenheimer decreased their price objective on shares of Portman Ridge Finance from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, August 10th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating on the stock in a report on Monday, August 10th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $9.25.
Get Our Latest Analysis on Portman Ridge Finance
Portman Ridge Finance Stock Performance
NASDAQ BCIC opened at $6.03 on Tuesday. Portman Ridge Finance has a 1-year low of $5.78 and a 1-year high of $13.50. The company has a 50 day moving average of $6.82 and a 200-day moving average of $8.01. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.56. The firm has a market cap of $74.65 million, a price-to-earnings ratio of -10.96 and a beta of 0.55.
Portman Ridge Finance Company Profile
Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities.
Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.
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