Portman Ridge Finance Corp (NASDAQ:BCIC) Declares Quarterly Dividend of $0.32

Portman Ridge Finance Corp (NASDAQ:BCIC) announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.32 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date of this dividend is Monday, March 16th.

Portman Ridge Finance Stock Down 1.2%

Portman Ridge Finance stock opened at $8.43 on Friday. Portman Ridge Finance has a 12 month low of $8.39 and a 12 month high of $16.42. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.52 and a current ratio of 2.52. The company has a market capitalization of $104.45 million, a PE ratio of 14.79 and a beta of 0.39.

Insider Activity at Portman Ridge Finance

In other news, Director Dean C. Kehler sold 16,200 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $8.84, for a total transaction of $143,208.00. Following the completion of the transaction, the director owned 111,216 shares in the company, valued at approximately $983,149.44. This represents a 12.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 26,554 shares of company stock worth $236,671. 2.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Portman Ridge Finance

A hedge fund recently bought a new stake in Portman Ridge Finance stock. Arlington Trust Co LLC acquired a new stake in Portman Ridge Finance Corp (NASDAQ:BCIC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 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.