Founders Financial Alliance LLC Boosts Stock Position in Portman Ridge Finance Co. (NASDAQ:PTMN)

Founders Financial Alliance LLC increased its stake in shares of Portman Ridge Finance Co. (NASDAQ:PTMN) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,217 shares of the company’s stock after purchasing an additional 3,671 shares during the quarter. Founders Financial Alliance LLC’s holdings in Portman Ridge Finance were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

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

Portman Ridge Finance Stock Down 0.5 %

PTMN opened at $16.93 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.14 and a quick ratio of 3.14. The stock has a market capitalization of $155.98 million, a price-to-earnings ratio of 45.76 and a beta of 1.02. The business has a 50-day moving average of $16.85 and a two-hundred day moving average of $17.47. Portman Ridge Finance Co. has a 12 month low of $15.94 and a 12 month high of $20.84.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered their price target on 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.