Portman Ridge Finance Co. (NASDAQ:PTMN) Shares Bought by Founders Financial Alliance LLC

Founders Financial Alliance LLC raised its holdings in Portman Ridge Finance Co. (NASDAQ:PTMN) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,217 shares of the company’s stock after acquiring an additional 3,671 shares during the quarter. Founders Financial Alliance LLC owned 0.68% of Portman Ridge Finance worth $1,017,000 as of its most recent filing with the SEC.

Separately, Raymond James Financial Inc. acquired a new position in shares of Portman Ridge Finance during the 4th quarter worth $1,702,000. 30.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Portman Ridge Finance Trading Down 0.5 %

NASDAQ:PTMN opened at $16.93 on Tuesday. The company has a market capitalization of $155.98 million, a PE ratio of 45.76 and a beta of 1.02. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 1.41. Portman Ridge Finance Co. has a 52-week low of $15.94 and a 52-week high of $20.84. The stock has a fifty day simple moving average of $16.85 and a 200-day simple moving average of $17.47.

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.