Oppenheimer initiated coverage on Portman Ridge Finance with a new price target
$PTMN
Finance: Consumer Services
Finance
Oppenheimer initiated coverage of Portman Ridge Finance with a rating of Perform and set a new price target of $26.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/6/2022 | $26.00 | Perform | Oppenheimer |
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
Oppenheimer initiated coverage of Portman Ridge Finance with a rating of Perform and set a new price target of $26.00
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
Portman Ridge Finance (NASDAQ:PTMN) reported quarterly earnings of $0.67 per share which missed the analyst consensus estimate of $0.72 by 6.94 percent. This is a 24.72 percent decrease over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $16.526 million which missed the analyst consensus estimate of $17.716 million by 6.72 percent. This is a 18.70 percent decrease over sales of $20.327 million the same period last year.
Keefe, Bruyette & Woods analyst Ryan Lynch maintains Portman Ridge Finance (NASDAQ:PTMN) with a Market Perform and lowers the price target from $20.5 to $20.
Oppenheimer analyst Mitchel Penn maintains Portman Ridge Finance (NASDAQ:PTMN) with a Perform and maintains $20 price target.
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8-K - Portman Ridge Finance Corp (0001372807) (Filer)
8-K - Portman Ridge Finance Corp (0001372807) (Filer)
10-Q - Portman Ridge Finance Corp (0001372807) (Filer)