Portman Ridge Finance Co. (NASDAQ:PTMN) Shares Sold by Gables Capital Management Inc.

Gables Capital Management Inc. trimmed its holdings in Portman Ridge Finance Co. (NASDAQ:PTMN) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,100 shares of the company’s stock after selling 967 shares during the quarter. Gables Capital Management Inc. owned 0.67% of Portman Ridge Finance worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Founders Financial Alliance LLC lifted its holdings in Portman Ridge Finance by 6.3% in the 4th quarter. Founders Financial Alliance LLC now owns 62,217 shares of the company’s stock valued at $1,017,000 after acquiring an additional 3,671 shares during the last quarter. 30.14% of the stock is owned by institutional investors and hedge funds.

Portman Ridge Finance Price Performance

Shares of NASDAQ PTMN opened at $16.93 on Tuesday. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 1.41. Portman Ridge Finance Co. has a twelve month low of $15.94 and a twelve month high of $20.84. The company has a market capitalization of $155.98 million, a price-to-earnings ratio of 45.76 and a beta of 1.02. The firm has a 50-day moving average of $16.85 and a two-hundred day moving average of $17.47.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods cut their price target on shares of Portman Ridge Finance from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Thursday, November 14th.

Portman Ridge Finance Profile

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, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.