IPO Year: 2006
Exchange: NASDAQ
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/6/2022 | $26.00 | Perform | Oppenheimer |
Reports Net Investment Income of $0.47 Per Share and Net Asset Value of $18.85 Per Share Deployment of Approximately $17.5 Million and Sales and Repayments of Approximately $15.7 Million for Net Deployment of Approximately $1.8 Million Announces Second Quarter 2025 Quarterly Base Distribution of $0.47 Per Share Investors are Encouraged to Vote FOR the Acquisition of Logan Ridge Finance Corporation NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) (the "Company" or "Portman Ridge") announced today its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total investment
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or the "Company") to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 10:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 9782758. A replay of this conference call will be available shortly after the live call through May 16, 2025. By Webcast: A live audio webcast of the conference call can be accessed via
Generated $15.3 million of insurance segment Spread Related Earnings ("SRE") for the year ended December 31, 2024, a significant increase over the prior year period Asset management segment generated $7.5 million in Fee Related Earnings ("FRE") for the year ended December 31, 2024, a 36% increase over the prior year, and within our previously stated 2024 FRE guidance range During the quarter, the Company completed an amendment to its existing corporate credit facility, which included an upsize to support key business initiatives and introduced a pricing step-down mechanism During January 2025, the Company announced it entered into a definitive agreement to combine with 180 Degree Capital
Reports Net Investment Income of $2.59 Per Share for Full Year 2024 and Net Asset Value of $19.41 Per Share Continued Share Repurchase Program: Total of 202,357 Shares for an Aggregate Cost of Approximately $3.8 Million Repurchased During Full Year 2024; Accretive to NAV by $0.07 Per Share Announces First Quarter 2025 Regular Quarterly Base Distribution of $0.47 Per Share and Introduces a Quarterly Supplemental Distribution of $0.07 Per Share Merger Agreement with Logan Ridge Aims to Create Meaningful Shareholder Value Via Greater Scale, Enhanced Liquidity, and Improved Operational Efficiencies NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN
Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Enter into Merger Agreement Combined Entity Will be Managed by Sierra Crest Investment Management, LLC, an Affiliate of BC Partners Advisors L.P. Companies to Host a Joint Conference Call on January 30, 2025, at 4:00 PM ET to Discuss the Proposed Merger NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") and Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") (together, the "Companies"), business development companies ("BDCs") managed by affiliates of BC Partners Advisors L.P. ("BC Partners"), announced today that they have e
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or the "Company") to release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 13, 2025, after market close. The Company will host a conference call on Friday, March 14, 2025, at 10:30 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 968-2525 approximately 10 minutes prior to the start of the conference call and use the conference ID 4473265. A replay of this conference call will be available shortly after the live call through March 21, 2025. By Webcast: A live audio webcast of the conference c
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge") and Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge") announced today that their boards of directors have established special committees of independent directors to more fully evaluate the potential business combination of the two companies that was previously disclosed in their respective Form 10-Q filings with the Securities and Exchange Commission (the "SEC"), which may result in the use of an exchange ratio other than NAV-for-NAV (including but not limited to relative market price or a fixed exchange ratio) in connection therewith. The special committee
Reports Net Investment Income of $0.63 Per Share and Net Asset Value of $20.36 Per Share Recurring PIK Income as a Percentage of Total Investment Income Declines by Over 200 Basis Points Continued Share Repurchase Program: Total of 33,429 Shares for an Aggregate Cost of Approximately $0.6 Million Repurchased During the Third Quarter; Accretive to NAV by $0.01 Per Share Announces Fourth Quarter 2024 Quarterly Distribution of $0.69 Per Share NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) (the "Company" or "Portman Ridge") announced today its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or the "Company") to release its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after market close. The Company will host a conference call on Tuesday, November 12, 2024, at 10:00 a.m. ET to discuss these results. By Phone:To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 6715408. A replay of this conference call will be available shortly after the live call through November 19th. By Webcast:A live audio webcast of the conference call can be a
Reports Net Investment Income of $0.70 Per Share and Net Asset Value of $21.21 Per Share Amends and Extends Existing Senior Secured Revolving Credit Facility; Upsizes Commitments to $200.0 Million from $115.0 Million, Reduces Interest Rate Margin to 2.50% from 2.80% Continued Share Repurchase Program: Total of 79,722 Shares for an Aggregate Cost of Approximately $1.6 Million Repurchased During the Second Quarter; Accretive to NAV by $0.03 Per Share Announces Third Quarter 2024 Quarterly Distribution of $0.69 Per Share NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) (the "Company" or "Portman Ridge") announced today its financial results for
3 - Portman Ridge Finance Corp (0001372807) (Issuer)
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Reports Net Investment Income of $0.47 Per Share and Net Asset Value of $18.85 Per Share Deployment of Approximately $17.5 Million and Sales and Repayments of Approximately $15.7 Million for Net Deployment of Approximately $1.8 Million Announces Second Quarter 2025 Quarterly Base Distribution of $0.47 Per Share Investors are Encouraged to Vote FOR the Acquisition of Logan Ridge Finance Corporation NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) (the "Company" or "Portman Ridge") announced today its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total investment
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or the "Company") to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 10:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 9782758. A replay of this conference call will be available shortly after the live call through May 16, 2025. By Webcast: A live audio webcast of the conference call can be accessed via
Generated $15.3 million of insurance segment Spread Related Earnings ("SRE") for the year ended December 31, 2024, a significant increase over the prior year period Asset management segment generated $7.5 million in Fee Related Earnings ("FRE") for the year ended December 31, 2024, a 36% increase over the prior year, and within our previously stated 2024 FRE guidance range During the quarter, the Company completed an amendment to its existing corporate credit facility, which included an upsize to support key business initiatives and introduced a pricing step-down mechanism During January 2025, the Company announced it entered into a definitive agreement to combine with 180 Degree Capital
Reports Net Investment Income of $2.59 Per Share for Full Year 2024 and Net Asset Value of $19.41 Per Share Continued Share Repurchase Program: Total of 202,357 Shares for an Aggregate Cost of Approximately $3.8 Million Repurchased During Full Year 2024; Accretive to NAV by $0.07 Per Share Announces First Quarter 2025 Regular Quarterly Base Distribution of $0.47 Per Share and Introduces a Quarterly Supplemental Distribution of $0.07 Per Share Merger Agreement with Logan Ridge Aims to Create Meaningful Shareholder Value Via Greater Scale, Enhanced Liquidity, and Improved Operational Efficiencies NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN
Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Enter into Merger Agreement Combined Entity Will be Managed by Sierra Crest Investment Management, LLC, an Affiliate of BC Partners Advisors L.P. Companies to Host a Joint Conference Call on January 30, 2025, at 4:00 PM ET to Discuss the Proposed Merger NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") and Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") (together, the "Companies"), business development companies ("BDCs") managed by affiliates of BC Partners Advisors L.P. ("BC Partners"), announced today that they have e
NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or the "Company") to release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 13, 2025, after market close. The Company will host a conference call on Friday, March 14, 2025, at 10:30 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 968-2525 approximately 10 minutes prior to the start of the conference call and use the conference ID 4473265. A replay of this conference call will be available shortly after the live call through March 21, 2025. By Webcast: A live audio webcast of the conference c
Reports Net Investment Income of $0.63 Per Share and Net Asset Value of $20.36 Per Share Recurring PIK Income as a Percentage of Total Investment Income Declines by Over 200 Basis Points Continued Share Repurchase Program: Total of 33,429 Shares for an Aggregate Cost of Approximately $0.6 Million Repurchased During the Third Quarter; Accretive to NAV by $0.01 Per Share Announces Fourth Quarter 2024 Quarterly Distribution of $0.69 Per Share NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) (the "Company" or "Portman Ridge") announced today its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or the "Company") to release its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after market close. The Company will host a conference call on Tuesday, November 12, 2024, at 10:00 a.m. ET to discuss these results. By Phone:To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 6715408. A replay of this conference call will be available shortly after the live call through November 19th. By Webcast:A live audio webcast of the conference call can be a
Reports Net Investment Income of $0.70 Per Share and Net Asset Value of $21.21 Per Share Amends and Extends Existing Senior Secured Revolving Credit Facility; Upsizes Commitments to $200.0 Million from $115.0 Million, Reduces Interest Rate Margin to 2.50% from 2.80% Continued Share Repurchase Program: Total of 79,722 Shares for an Aggregate Cost of Approximately $1.6 Million Repurchased During the Second Quarter; Accretive to NAV by $0.03 Per Share Announces Third Quarter 2024 Quarterly Distribution of $0.69 Per Share NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) (the "Company" or "Portman Ridge") announced today its financial results for
NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or the "Company") to release its financial results for the second quarter ended June 30, 2024, on Thursday, August 8, 2024, after market close. The Company will host a conference call on Friday, August 9, 2024, at 10:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 9474953. A replay of this conference call will be available shortly after the live call through August 16th. By Webcast: A live audio webcast of the conference call can be acce
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SC 13G/A - Portman Ridge Finance Corp (0001372807) (Subject)
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SC 13G - Portman Ridge Finance Corp (0001372807) (Subject)
8-K - Portman Ridge Finance Corp (0001372807) (Filer)
EFFECT - Portman Ridge Finance Corp (0001372807) (Filer)
10-Q - Portman Ridge Finance Corp (0001372807) (Filer)
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DEF 14A - Portman Ridge Finance Corp (0001372807) (Filer)
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8-K - Portman Ridge Finance Corp (0001372807) (Filer)
10-K - Portman Ridge Finance Corp (0001372807) (Filer)
N-14 8C - Portman Ridge Finance Corp (0001372807) (Filer)
EFFECT - Portman Ridge Finance Corp (0001372807) (Filer)
Oppenheimer initiated coverage of Portman Ridge Finance with a rating of Perform and set a new price target of $26.00