Portman Ridge Finance Key Executives
This section highlights Portman Ridge Finance's key executives, including their titles and compensation details.
Find Contacts at Portman Ridge Finance
(Showing 0 of )
Portman Ridge Finance Earnings
This section highlights Portman Ridge Finance's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-14 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-12 | $0.68 | $0.63 |
| Read Transcript | Q1 | 2024 | 2024-05-09 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-14 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-09 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-10 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-11 | N/A | N/A |
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, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.
$14.37
Stock Price
$132.13M
Market Cap
-
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for Portman Ridge Finance, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $46.90M | $58.40M | $54.24M | $38.75M | $37.46M |
| Cost of Revenue | $- | $- | $17.84M | $18.21M | $10.82M |
| Gross Profit | $46.90M | $58.40M | $36.40M | $20.54M | $26.64M |
| Gross Profit Ratio | 100.00% | 100.00% | 67.11% | 53.00% | 71.11% |
| Research and Development Expenses | $- | $- | $-1 | $0 | $1 |
| General and Administrative Expenses | $3.65M | $4.34M | $8.55M | $9.45M | $6.60M |
| Selling and Marketing Expenses | $- | $2.38M | $- | $- | $- |
| Selling General and Administrative Expenses | $3.65M | $6.72M | $8.55M | $9.45M | $6.60M |
| Other Expenses | $- | $6.02M | $-23.10M | $1.83M | $-711.45K |
| Operating Expenses | $3.65M | $12.74M | $8.55M | $11.28M | $5.89M |
| Cost and Expenses | $3.65M | $12.74M | $40.72M | $11.28M | $5.89M |
| Interest Income | $46.90M | $58.40M | $54.24M | $65.01M | $28.23M |
| Interest Expense | $20.78M | $25.31M | $17.70M | $13.64M | $10.28M |
| Depreciation and Amortization | $- | $-17.37M | $40.94M | $34.32M | $8.67M |
| EBITDA | $- | $36.69M | $46.80M | $41.51M | $31.57M |
| EBITDA Ratio | 0.00% | 62.82% | 86.29% | 70.89% | 84.28% |
| Operating Income | $43.24M | $54.06M | $28.89M | $27.47M | $31.57M |
| Operating Income Ratio | 92.21% | 92.57% | 53.26% | 70.89% | 84.28% |
| Total Other Income Expenses Net | $-50.03M | $-43.09M | $-52.46M | $16.77M | $10.82M |
| Income Before Tax | $-6.79M | $10.97M | $-20.21M | $27.47M | $31.57M |
| Income Before Tax Ratio | -14.47% | 18.78% | -37.26% | 70.89% | 84.28% |
| Income Tax Expense | $-853.00K | $-414.00K | $786.00K | $1.44M | $-322 |
| Net Income | $-5.93M | $11.38M | $-21.00M | $26.03M | $31.57M |
| Net Income Ratio | -12.66% | 19.49% | -38.71% | 67.16% | 84.28% |
| EPS | $-0.64 | $1.20 | $-2.18 | $3.05 | $6.32 |
| EPS Diluted | $-0.64 | $1.20 | $-2.18 | $3.05 | $6.32 |
| Weighted Average Shares Outstanding | 9.27M | 9.51M | 9.63M | 8.54M | 5.00M |
| Weighted Average Shares Outstanding Diluted | 9.27M | 9.51M | 9.63M | 8.54M | 5.00M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $-1.29M | $308.00K | $-4.97M | $14.47M | $3.55M | $13.91M | $-942.00K | $1.19M | $-10.48M | $14.55M | $11.51M | $6.38M | $2.19M | $10.93M | $12.94M | $12.70M | $51.45M | $9.55M | $4.14M | $-27.68M |
| Cost of Revenue | $- | $- | $3.42M | $3.32M | $-726.00K | $3.98M | $15.41M | $4.43M | $- | $4.72M | $4.08M | $4.66M | $4.01M | $4.76M | $4.93M | $4.50M | $- | $- | $- | $27.68M |
| Gross Profit | $-1.29M | $308.00K | $-8.38M | $11.15M | $4.28M | $9.93M | $-16.35M | $-3.24M | $-10.48M | $9.83M | $7.43M | $1.72M | $-1.82M | $6.16M | $8.01M | $8.20M | $51.45M | $9.55M | $4.14M | $-55.36M |
| Gross Profit Ratio | 100.00% | 100.00% | 168.70% | 77.10% | 120.40% | 71.40% | 1736.10% | -272.80% | 100.00% | 67.50% | 64.50% | 26.90% | -83.40% | 56.40% | 61.90% | 64.60% | 100.00% | 100.00% | 100.00% | 200.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.57M | $1.41M | $1.44M | $1.61M | $1.52M | $1.08M | $1.79M | $1.71M | $2.21M | $2.08M | $2.38M | $1.88M | $2.75M | $1.78M | $2.09M | $2.83M | $2.43M | $1.23M | $1.31M | $1.63M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.57M | $1.41M | $1.44M | $1.61M | $1.52M | $1.08M | $1.79M | $1.71M | $2.21M | $2.08M | $2.38M | $1.88M | $2.75M | $1.78M | $2.09M | $2.83M | $2.43M | $1.23M | $1.31M | $1.63M |
| Other Expenses | $-2.86M | $-1.11M | $39.00K | $-726.00K | $10.66M | $887.00K | $-5.69M | $-6.42M | $- | $-4.73M | $-1.52M | $671.00K | $37 | $-1.66M | $114.04K | $1.83M | $711.45K | $- | $-455.34K | $-256.11K |
| Operating Expenses | $-1.29M | $308.00K | $1.48M | $726.00K | $-3.70M | $1.08M | $2.01M | $1.71M | $2.21M | $2.08M | $2.38M | $1.88M | $2.75M | $1.78M | $2.09M | $4.66M | $2.43M | $1.23M | $855.40K | $1.37M |
| Cost and Expenses | $-1.29M | $308.00K | $4.89M | $4.04M | $-3.70M | $1.08M | $1.13M | $1.03M | $- | $2.08M | $2.38M | $1.88M | $2.75M | $1.78M | $2.09M | $4.66M | $2.43M | $1.23M | $855.40K | $1.37M |
| Interest Income | $10.24M | $11.71M | $12.22M | $12.72M | $13.38M | $13.91M | $15.41M | $15.70M | $14.93M | $14.55M | $11.51M | $13.26M | $- | $17.39M | $17.26M | $14.09M | $14.30M | $4.52M | $4.81M | $4.60M |
| Interest Expense | $4.57M | $5.12M | $5.37M | $5.72M | $6.26M | $6.34M | $6.37M | $6.33M | $5.79M | $4.67M | $3.89M | $3.34M | $- | $3.41M | $3.53M | $3.38M | $3.30M | $2.24M | $2.39M | $2.35M |
| Depreciation and Amortization | $- | $- | $- | $-71.00K | $-9.28M | $-39.59K | $122.08K | $5.96M | $- | $27.08K | $86.06K | $-2.14M | $-1.44M | $54.00K | $55.81K | $-6.75B | $-6.81B | $52.75K | $51.12K | $234.93M |
| EBITDA | $- | $- | $-968.00K | $10.42M | $- | $12.83M | $3.26M | $5.82M | $- | $468.00K | $- | $- | $- | $12.55M | $14.37M | $11.42M | $52.32M | $- | $3.28M | $-26.70M |
| EBITDA Ratio | 0.00% | 0.00% | 19.48% | 72.04% | 204.17% | 92.20% | -1516.03% | 489.15% | 0.00% | 6.94% | -38.82% | 122.97% | 60.69% | 114.90% | 111.08% | 89.92% | 101.69% | 110.52% | 137.19% | 96.46% |
| Operating Income | $-3.43M | $-7.22M | $-929.00K | $10.42M | $7.25M | $12.83M | $14.28M | $5.82M | $-12.69M | $1.01M | $-4.47M | $7.84M | $2.77M | $12.55M | $14.37M | $11.42M | $52.32M | $10.56M | $5.68M | $-26.70M |
| Operating Income Ratio | 266.46% | -2344.81% | 18.69% | 72.04% | 204.17% | 92.20% | -1516.03% | 489.15% | 121.10% | 6.94% | -38.82% | 122.97% | 126.56% | 114.90% | 111.08% | 89.92% | 101.69% | 110.52% | 137.19% | 96.46% |
| Total Other Income Expenses Net | $576.00K | $5.71M | $-5.44M | $-6.40M | $-983.00K | $-5.65M | $-2.95M | $3.92M | $- | $-7.32M | $-3.97M | $-3.34M | $-4.77M | $-3.41M | $-3.53M | $-3.38M | $-3.30M | $- | $2.40M | $-2.35M |
| Income Before Tax | $-2.86M | $-1.51M | $-6.37M | $4.49M | $7.25M | $7.18M | $-2.95M | $-516.00K | $-12.69M | $-3.66M | $-8.36M | $4.50M | $-557.99K | $9.14M | $10.84M | $8.04M | $49.02M | $8.32M | $3.28M | $-29.05M |
| Income Before Tax Ratio | 221.74% | -489.94% | 128.21% | 31.00% | 204.17% | 51.61% | 313.16% | -43.40% | 121.10% | -25.18% | -72.62% | 70.53% | -25.49% | 83.70% | 83.82% | 63.30% | 95.28% | 87.07% | 79.33% | 104.95% |
| Income Tax Expense | $-316.00K | $- | $- | $-459.00K | $257.00K | $-264.00K | $164.00K | $-571.00K | $-273.00K | $542.00K | $77.00K | $440.00K | $1.44M | $-54.00K | $-55.81K | $-55.21K | $-55.13K | $-52.75K | $-51.12K | $-47.30K |
| Net Income | $-2.54M | $-1.51M | $-6.37M | $4.49M | $7.00M | $7.45M | $-3.11M | $55.00K | $-12.42M | $-4.21M | $-8.43M | $4.06M | $-2.00M | $9.14M | $10.84M | $8.04M | $49.02M | $8.32M | $3.28M | $-29.05M |
| Net Income Ratio | 197.20% | -489.94% | 128.21% | 31.00% | 196.93% | 53.51% | 330.57% | 4.63% | 118.50% | -28.90% | -73.29% | 63.63% | -91.36% | 83.70% | 83.82% | 63.30% | 95.28% | 87.07% | 79.33% | 104.95% |
| EPS | $-0.27 | $-0.16 | $-0.69 | $0.48 | $0.75 | $0.78 | $-0.33 | $0.01 | $0.00 | $-0.44 | $-0.88 | $0.42 | $-0.21 | $1.00 | $1.40 | $1.07 | $6.52 | $1.87 | $0.70 | $-6.48 |
| EPS Diluted | $-0.27 | $-0.16 | $-0.69 | $0.48 | $0.75 | $0.78 | $-0.33 | $0.01 | $0.00 | $-0.44 | $-0.88 | $0.42 | $-0.21 | $1.00 | $1.40 | $1.07 | $6.52 | $1.87 | $0.70 | $-6.48 |
| Weighted Average Shares Outstanding | 9.27M | 9.24M | 9.29M | 9.34M | 9.38M | 9.51M | 9.54M | 9.56M | - | 9.60M | 9.63M | 9.70M | 9.50M | 9.13M | 7.75M | 7.52M | 7.52M | 4.44M | 4.46M | 4.48M |
| Weighted Average Shares Outstanding Diluted | 9.27M | 9.24M | 9.29M | 9.34M | 9.38M | 9.51M | 9.54M | 9.56M | - | 9.60M | 9.63M | 9.70M | 9.70M | 9.13M | 7.75M | 7.52M | 7.52M | 4.44M | 4.46M | 4.48M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $17.53M | $26.91M | $5.15M | $28.92M | $6.99M |
| Short Term Investments | $- | $- | $483.70M | $- | $- |
| Cash and Short Term Investments | $17.53M | $26.91M | $488.85M | $28.92M | $6.99M |
| Net Receivables | $6.09M | $7.27M | $7.15M | $26.21M | $28.44M |
| Inventory | $- | $- | $39.35M | $94.55M | $111.34M |
| Other Current Assets | $- | $- | $- | $- | $- |
| Total Current Assets | $23.62M | $34.18M | $495.07M | $55.13M | $35.43M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $405.02M | $467.87M | $576.48M | $549.99M | $487.74M |
| Tax Assets | $- | $- | $619.49M | $648.30M | $600.18M |
| Other Non-Current Assets | $-405.02M | $- | $-619.49M | $-648.30M | $-600.18M |
| Total Non-Current Assets | $405.02M | $467.87M | $576.48M | $549.99M | $487.74M |
| Other Assets | $24.99M | $47.19M | $-452.06M | $43.18M | $77.01M |
| Total Assets | $453.63M | $549.24M | $619.49M | $648.30M | $600.18M |
| Account Payables | $6.65M | $8.70M | $9.61M | $12.24M | $2.88M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-373.31M | $-334.95M | $-370.43M |
| Other Current Liabilities | $-6.65M | $4.61M | $-9.61M | $-12.24M | $-2.88M |
| Total Current Liabilities | $10.00M | $13.31M | $4.61M | $12.24M | $2.88M |
| Long Term Debt | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $335.72M | $387.36M | $368.18M | $383.91M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-387.36M | $-20.99M | $-10.61M |
| Other Non-Current Liabilities | $- | $-335.72M | $- | $- | $- |
| Total Non-Current Liabilities | $- | $335.72M | $382.75M | $347.19M | $373.31M |
| Other Liabilities | $275.14M | $-13.31M | $- | $8.75M | $7.73M |
| Total Liabilities | $275.14M | $335.72M | $387.36M | $368.18M | $383.91M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $92.00K | $94.00K | $96.00K | $97.00K | $751.64K |
| Retained Earnings | $- | $-504.41M | $-504.76M | $-453.07M | $-422.95M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $232.12M | $280.12M | $216.26M |
| Other Total Stockholders Equity | $178.40M | $717.84M | $736.78M | $733.10M | $638.46M |
| Total Stockholders Equity | $178.49M | $213.52M | $232.12M | $280.12M | $216.26M |
| Total Equity | $178.49M | $464.36M | $572.30M | $558.97M | $506.67M |
| Total Liabilities and Stockholders Equity | $453.63M | $549.24M | $619.49M | $648.30M | $600.18M |
| Minority Interest | $- | $250.85M | $340.18M | $278.85M | $290.41M |
| Total Liabilities and Total Equity | $453.63M | $549.24M | $619.49M | $648.30M | $600.18M |
| Total Investments | $405.02M | $467.87M | $576.48M | $549.99M | $487.74M |
| Total Debt | $- | $322.41M | $373.31M | $347.19M | $373.31M |
| Net Debt | $-17.53M | $-26.91M | $368.16M | $318.27M | $366.32M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $17.53M | $13.74M | $9.81M | $39.60M | $26.91M | $14.90M | $20.25M | $11.87M | $5.15M | $16.87M | $22.04M | $20.52M | $28.92M | $28.54M | $65.66M | $30.84M | $6.99M | $677.44K | $414.16K | $403.50K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $561.62B | $519.65B | $473.97B | $487.25B | $10.22B | $2.07B | $2.57B |
| Cash and Short Term Investments | $17.53M | $13.74M | $9.81M | $39.60M | $26.91M | $14.90M | $20.25M | $11.87M | $5.15M | $16.87M | $22.04M | $20.52M | $28.92M | $28.54M | $65.66M | $30.84M | $6.99M | $677.44K | $414.16K | $403.50K |
| Net Receivables | $7.46M | $7.06M | $6.20M | $7.71M | $7.27M | $8.89M | $8.90M | $5.84M | $7.15M | $16.01M | $8.30M | $5.86M | $26.21M | $11.76M | $12.31M | $17.88M | $- | $3.96M | $11.58M | $4.55M |
| Inventory | $- | $- | $- | $- | $78.83M | $39.77M | $40.69M | $49.88M | $- | $39.05M | $44.03M | $89.48M | $94.55M | $32.79B | $69.67B | $33.76B | $- | $- | $- | $- |
| Other Current Assets | $-7.46M | $-7.06M | $- | $-47.32M | $- | $- | $- | $-51.95M | $-7.15M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $17.53M | $13.74M | $16.02M | $25.96M | $34.18M | $20.96M | $25.50M | $15.64M | $5.15M | $16.87M | $22.04M | $26.39M | $55.13M | $32.77B | $69.62B | $33.73B | $6.99B | $12.82B | $4.39B | $3.89B |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $405.02M | $428.98M | $444.37M | $471.25M | $467.87M | $500.42M | $510.10M | $539.12M | $576.48M | $571.66M | $581.48M | $568.01M | $549.99M | $562.18M | $520.17M | $474.45M | $487.74M | $289.08M | $280.72M | $272.42M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-405.02M | $-428.98M | $-444.37M | $8.81M | $-467.87M | $-500.42M | $-510.10M | $-539.12M | $-576.48M | $-571.66M | $-581.48M | $-568.01M | $-549.99M | $-562.18M | $-520.17M | $-474.45M | $592.70B | $-289.08M | $-280.72M | $-272.42M |
| Total Non-Current Assets | $436.10M | $449.94M | $444.37M | $480.06M | $467.87M | $500.42M | $510.10M | $539.12M | $614.34M | $571.66M | $581.48M | $568.01M | $549.99M | $562.18M | $520.17M | $474.45M | $593.19B | $289.08M | $280.72M | $272.42M |
| Other Assets | $453.63M | $463.67M | $28.43M | $21.35M | $47.19M | $24.33M | $21.64M | $38.87M | $619.49M | $41.00M | $49.29M | $66.46M | $43.18M | $-32.70B | $-69.49B | $-33.65B | $-599.58B | $-12.81B | $-4.37B | $-3.88B |
| Total Assets | $453.63M | $463.67M | $488.81M | $527.38M | $549.24M | $545.71M | $557.24M | $593.63M | $619.49M | $629.52M | $652.81M | $660.86M | $648.30M | $627.10M | $649.51M | $552.83M | $600.18M | $300.13M | $305.76M | $283.31M |
| Account Payables | $6.65M | $6.90M | $6.27M | $23.98M | $8.70M | $8.77M | $8.03M | $9.72M | $9.61M | $9.02M | $27.47M | $30.05M | $12.24M | $12.21M | $7.21M | $17.44M | $2.88M | $2.33M | $10.28M | $28.87M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-6.65M | $-6.90M | $-6.27M | $-23.98M | $-8.70M | $-8.77M | $-8.03M | $-9.72M | $-9.61M | $-9.02M | $-27.47M | $-30.05M | $-12.24M | $-12.21M | $-7.21M | $-17.44M | $-2.88M | $-2.33M | $-10.28M | $-28.87M |
| Total Current Liabilities | $- | $- | $9.74M | $23.98M | $8.70M | $8.77M | $8.03M | $9.72M | $- | $9.02M | $27.47M | $30.05M | $12.24M | $12.21M | $7.21M | $17.44M | $2.88M | $2.33M | $10.28M | $28.87M |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $- | $316.77M | $322.41M | $317.81M | $329.63M | $9.72M | $- | $9.02M | $27.47M | $30.05M | $12.24M | $335.45M | $363.96M | $307.12M | $373.31M | $168.65M | $172.41M | $131.02M |
| Other Liabilities | $275.14M | $275.69M | $292.38M | $-23.98M | $4.61M | $4.38M | $4.57M | $349.08M | $387.36M | $359.90M | $336.21M | $322.46M | $343.71M | $8.40M | $9.75M | $8.42M | $7.73M | $3.21M | $2.35M | $3.04M |
| Total Liabilities | $275.14M | $275.69M | $292.38M | $316.77M | $335.72M | $330.96M | $342.23M | $368.52M | $387.36M | $377.94M | $391.14M | $382.56M | $368.18M | $356.06M | $380.91M | $332.98M | $383.91M | $174.19M | $185.05M | $162.94M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $92.00K | $92.00K | $93.00K | $93.00K | $94.00K | $95.00K | $95.00K | $96.00K | $96.00K | $97.00K | $97.00K | $97.00K | $97.00K | $91.23K | $917.41K | $751.95K | $751.64K | $441.69K | $444.95K | $447.26K |
| Retained Earnings | $-535.93M | $-527.04M | $-519.15M | $-506.37M | $-504.41M | $-520.00M | $-520.89M | $-511.20M | $-504.76M | $-479.87M | $-469.62M | $-455.12M | $-453.07M | $-409.49M | $-413.17M | $-419.42M | $-422.95M | $-325.10M | $-330.75M | $-331.35M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $714.33M | $714.93M | $715.49M | $716.88M | $717.84M | $734.66M | $735.81M | $736.21M | $736.78M | $731.36M | $731.19M | $733.33M | $733.10M | $680.45M | $680.86M | $638.52M | $638.46M | $450.60M | $451.01M | $451.27M |
| Total Stockholders Equity | $178.49M | $187.98M | $196.43M | $210.61M | $213.52M | $214.75M | $215.01M | $225.11M | $232.12M | $251.58M | $261.67M | $278.30M | $280.12M | $271.05M | $268.60M | $219.86M | $216.26M | $125.95M | $120.71M | $120.37M |
| Total Equity | $178.49M | $187.98M | $196.43M | $210.61M | $213.52M | $214.75M | $215.01M | $225.11M | $232.12M | $251.58M | $261.67M | $278.30M | $280.12M | $271.05M | $268.60M | $219.86M | $216.26M | $125.95M | $120.71M | $120.37M |
| Total Liabilities and Stockholders Equity | $453.63M | $463.67M | $488.81M | $527.38M | $549.24M | $545.71M | $557.24M | $593.63M | $619.49M | $629.52M | $652.81M | $660.86M | $648.30M | $627.10M | $649.51M | $552.83M | $600.18M | $300.13M | $305.76M | $283.31M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $453.63M | $463.67M | $488.81M | $527.38M | $549.24M | $545.71M | $557.24M | $593.63M | $619.49M | $629.52M | $652.81M | $660.86M | $648.30M | $627.10M | $649.51M | $552.83M | $600.18M | $300.13M | $305.76M | $283.31M |
| Total Investments | $405.02M | $428.98M | $444.37M | $471.25M | $467.87M | $500.42M | $510.10M | $539.12M | $576.48M | $571.66M | $581.48M | $568.01M | $549.99M | $562.18B | $520.17B | $474.45B | $487.74B | $289.08B | $280.72B | $272.42B |
| Total Debt | $- | $- | $282.64M | $288.86M | $322.41M | $317.81M | $329.63M | $353.74M | $- | $363.80M | $359.52M | $347.41M | $347.19M | $335.45M | $363.96M | $307.12M | $373.31M | $168.65M | $172.41M | $131.02M |
| Net Debt | $-17.53M | $-13.74M | $-9.81M | $249.26M | $295.50M | $302.91M | $309.38M | $341.88M | $-5.15M | $346.93M | $337.49M | $326.89M | $318.27M | $306.91M | $298.30M | $276.27M | $366.32M | $167.97M | $172.00M | $130.62M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $11.38M | $-21.00M | $26.03M | $31.57M |
| Depreciation and Amortization | $-1.01M | $- | $17.91M | $8.44M | $-6.81B |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $-344.00K | $15.07M | $9.26M | $4.36M |
| Accounts Receivables | $573.00K | $217.00K | $18.80M | $4.91M | $-687.55M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $-182.00K | $-146.00K | $-205.00K | $1.21M | $745.79M |
| Other Working Capital | $-2.92M | $-415.00K | $-3.52M | $3.13M | $-53.88M |
| Other Non Cash Items | $57.64M | $109.86M | $-45.09M | $17.42M | $6.90B |
| Net Cash Provided by Operating Activities | $56.63M | $120.90M | $-33.10M | $61.15M | $121.68M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-78.42M | $-48.19M | $-222.20M | $-280.56M | $-115.99B |
| Sales Maturities of Investments | $125.69M | $146.94M | $160.96M | $329.46M | $213.05B |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $98.76M | $-61.24M | $48.90M | $97.06B |
| Debt Repayment | $-58.20M | $-52.48M | $25.73M | $-57.71M | $-32.61M |
| Common Stock Issued | $- | $- | $378.00K | $4.02M | $571.84K |
| Common Stock Repurchased | $-3.83M | $-4.36M | $-3.83M | $-1.83M | $-863.00K |
| Dividends Paid | $-25.26M | $-25.63M | $-23.55M | $-19.65M | $-10.55M |
| Other Financing Activities | $-951.00K | $- | $-836.00K | $-547.00K | $-432.09K |
| Net Cash Used Provided by Financing Activities | $-88.25M | $-82.47M | $-2.11M | $-75.71M | $-43.88M |
| Effect of Forex Changes on Cash | $- | $- | $61.24M | $-48.90M | $-97.06B |
| Net Change in Cash | $-31.61M | $38.43M | $-35.21M | $-14.56M | $77.80M |
| Cash at End of Period | $39.95M | $71.56M | $33.13M | $68.34M | $82.90M |
| Cash at Beginning of Period | $71.56M | $33.13M | $68.34M | $82.90M | $5.10M |
| Operating Cash Flow | $56.63M | $120.90M | $-33.10M | $61.15M | $121.68M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $56.63M | $120.90M | $-33.10M | $61.15M | $121.68M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.54M | $-1.51M | $-6.37M | $4.49M | $7.00M | $7.45M | $-3.11M | $55.00K | $-12.42M | $-4.21M | $-8.43M | $4.06M | $-2.00M | $9.14M | $10.84M | $8.04M | $49.02M | $8.32M | $3.28M | $-29.05M |
| Depreciation and Amortization | $- | $- | $- | $-71.00K | $-9.28M | $- | $- | $5.96M | $- | $- | $- | $-2.14M | $8.44M | $- | $- | $-6.75B | $-6.81B | $- | $- | $234.93M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-1.20M | $112.00K | $-9.80M | $7.77M | $2.05M | $781.00K | $-5.37M | $2.20M | $8.85M | $-9.50M | $-21.60M | $37.32M | $-14.13M | $4.38M | $-6.22M | $25.23M | $-18.77M | $657.73K | $-26.75M | $49.22M |
| Accounts Receivables | $-393.00K | $-859.00K | $1.51M | $-446.00K | $3.04M | $-694.00K | $-2.30M | $705.00K | $8.85M | $-20.53M | $-1.14M | $18.04M | $4.91M | $3.72M | $-13.65M | $10.96B | $-687.55M | $- | $- | $21.08B |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $-9.60M | $7.21M | $797.00K | $38.00K | $-1.23M | $-677.00K | $- | $-6.90M | $-3.56M | $282.00K | $1.21M | $-2.34M | $12.16M | $620.95M | $745.79M | $- | $- | $115.55M |
| Other Working Capital | $-803.00K | $971.00K | $-1.71M | $1.01M | $-1.79M | $1.44M | $-1.84M | $-28.00K | $-4.00K | $17.93M | $-16.90M | $19.00M | $-20.25M | $3.00M | $-4.73M | $-11.56B | $-77.01M | $- | $- | $-21.14B |
| Other Non Cash Items | $23.96M | $16.91M | $9.48M | $-7.92M | $32.85M | $9.92M | $29.42M | $31.70M | $-4.51M | $10.64M | $-13.17M | $-17.99M | $21.06M | $-41.72M | $22.26M | $6.76B | $6.91B | $-8.12M | $-8.07M | $-229.37M |
| Net Cash Provided by Operating Activities | $20.23M | $15.52M | $-6.69M | $11.10M | $41.90M | $18.14M | $20.93M | $39.92M | $-8.08M | $-3.07M | $-43.20M | $21.24M | $13.37M | $-28.20M | $26.88M | $49.09M | $126.63M | $858.26K | $-31.53M | $25.72M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $-13.90M | $-37.19M | $-14.65M | $-10.37M | $-9.89M | $-13.28M | $- | $-52.83M | $-69.16M | $-58.31M | $-280.56M | $-94.35M | $-62.51M | $-58.35B | $-115.99B | $- | $- | $-47.94B |
| Sales Maturities of Investments | $- | $- | $32.09M | $35.48M | $46.59M | $23.78M | $30.78M | $45.79M | $- | $55.53M | $45.51M | $39.35M | $329.46M | $60.02M | $78.96M | $80.77B | $213.05B | $- | $- | $23.45B |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $18.19M | $-1.71M | $31.94M | $13.41M | $20.89M | $32.51M | $- | $2.70M | $-23.65M | $-18.96M | $48.90M | $-34.33M | $16.45M | $22.42B | $97.06B | $- | $- | $-24.49B |
| Debt Repayment | $- | $-17.59M | $-6.58M | $-34.03M | $4.19M | $-12.18M | $-24.62M | $-19.88M | $9.23M | $4.00M | $12.50M | $- | $11.50M | $-28.75M | $28.84M | $-68.25M | $-46.84M | $-4.00M | $41.16M | $-22.92M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $-1.00K | $-35.00K | $-25.00K | $439.00K | $402 | $- | $4.02M | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-688.00K | $-638.00K | $-1.55M | $-953.00K | $-1.79M | $-1.22M | $-553.00K | $-792.00K | $-827.00K | $- | $-2.46M | $-545.00K | $-455 | $-1.45M | $-380.00K | $- | $- | $-455.55K | $-284.00K | $-123.33K |
| Dividends Paid | $-6.26M | $-6.30M | $-12.70M | $- | $-6.44M | $-6.48M | $-6.43M | $-6.28M | $-6.21M | $-5.84M | $-5.72M | $-5.77M | $-5.52M | $-5.25M | $-4.43M | $-4.45M | $-2.61M | $-2.63M | $-2.66M | $-2.65M |
| Other Financing Activities | $-99.00K | $-852.00K | $6.37M | $-6.37M | $- | $- | $- | $- | $-31.00K | $-29.00K | $-689.00K | $-87.00K | $-604.54K | $-35.00K | $-963.08K | $130 | $-432.34K | $- | $- | $-1 |
| Net Cash Used Provided by Financing Activities | $-7.05M | $-25.38M | $-14.46M | $-41.35M | $-4.04M | $-19.88M | $-31.59M | $-26.95M | $2.15M | $-1.91M | $3.61M | $-5.97M | $5.38M | $-35.49M | $27.09M | $-72.70M | $-49.31M | $-7.09M | $38.22M | $-25.70M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-31.94M | $-13.41M | $-20.89M | $-32.51M | $- | $-2.70M | $23.65M | $18.96M | $-48.90M | $- | $- | $-22.42B | $-97.06B | $- | $- | $24.49B |
| Net Change in Cash | $13.18M | $-9.86M | $-2.96M | $-31.96M | $37.85M | $-1.74M | $-10.66M | $12.97M | $-5.92M | $-4.98M | $-39.59M | $15.28M | $18.75M | $-63.68M | $53.98M | $-23.61M | $77.32M | $-6.23M | $6.68M | $27.15K |
| Cash at End of Period | $39.95M | $26.77M | $36.64M | $39.60M | $71.56M | $33.71M | $35.45M | $46.11M | $33.13M | $39.05M | $44.03M | $83.62M | $68.34M | $49.59M | $113.27M | $59.30M | $82.90M | $5.58M | $11.81M | $5.13M |
| Cash at Beginning of Period | $26.77M | $36.64M | $39.60M | $71.56M | $33.71M | $35.45M | $46.11M | $33.13M | $39.05M | $44.03M | $83.62M | $68.34M | $49.59M | $113.27M | $59.30M | $82.90M | $5.58M | $11.81M | $5.13M | $5.10M |
| Operating Cash Flow | $20.23M | $15.52M | $-6.69M | $11.10M | $41.90M | $18.14M | $20.93M | $39.92M | $-8.08M | $-3.07M | $-43.20M | $21.24M | $13.37M | $-28.20M | $26.88M | $49.09M | $126.63M | $858.26K | $-31.53M | $25.72M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $20.23M | $15.52M | $-6.69M | $11.10M | $41.90M | $18.14M | $20.93M | $39.92M | $-8.08M | $-3.07M | $-43.20M | $21.24M | $13.37M | $-28.20M | $26.88M | $49.09M | $126.63M | $858.26K | $-31.53M | $25.72M |
Portman Ridge Finance Dividends
Explore Portman Ridge Finance's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
16.67%
Dividend Payout Ratio
-425.58%
Dividend Paid & Capex Coverage Ratio
2.24x
Portman Ridge Finance Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.54 | $0.54 | March 24, 2025 | March 24, 2025 | March 31, 2025 | March 13, 2025 |
| $0.69 | $0.69 | November 19, 2024 | November 19, 2024 | November 29, 2024 | November 07, 2024 |
| $0.69 | $0.69 | August 22, 2024 | August 22, 2024 | August 30, 2024 | August 08, 2024 |
| $0.69 | $0.69 | May 20, 2024 | May 21, 2024 | May 31, 2024 | May 08, 2024 |
| $0.69 | $0.69 | March 22, 2024 | March 25, 2024 | April 02, 2024 | March 13, 2024 |
| $0.69 | $0.69 | November 17, 2023 | November 20, 2023 | November 30, 2023 | November 08, 2023 |
| $0.69 | $0.69 | August 21, 2023 | August 22, 2023 | August 31, 2023 | August 09, 2023 |
| $0.69 | $0.69 | May 19, 2023 | May 22, 2023 | May 31, 2023 | May 10, 2023 |
| $0.68 | $0.68 | March 17, 2023 | March 20, 2023 | March 31, 2023 | March 09, 2023 |
| $0.67 | $0.67 | November 22, 2022 | November 24, 2022 | December 13, 2022 | November 08, 2022 |
| $0.63 | $0.63 | August 15, 2022 | August 16, 2022 | September 02, 2022 | August 09, 2022 |
| $0.63 | $0.63 | May 23, 2022 | May 24, 2022 | June 07, 2022 | May 11, 2022 |
| $0.63 | $0.63 | March 18, 2022 | March 21, 2022 | March 30, 2022 | March 10, 2022 |
| $0.62 | $0.62 | November 12, 2021 | November 15, 2021 | November 30, 2021 | November 04, 2021 |
| $0.06 | $0.6 | August 16, 2021 | August 17, 2021 | August 31, 2021 | August 05, 2021 |
| $0.06 | $0.6 | May 18, 2021 | May 19, 2021 | June 01, 2021 | May 06, 2021 |
| $0.06 | $0.6 | February 19, 2021 | February 22, 2021 | March 02, 2021 | February 12, 2021 |
| $0.06 | $0.6 | October 23, 2020 | October 26, 2020 | November 27, 2020 | October 16, 2020 |
| $0.06 | $0.6 | August 14, 2020 | August 17, 2020 | August 28, 2020 | August 05, 2020 |
| $0.06 | $0.6 | May 06, 2020 | May 07, 2020 | May 27, 2020 | March 17, 2020 |
Portman Ridge Finance News
Read the latest news about Portman Ridge Finance, including recent articles, headlines, and updates.
Portman Ridge Finance: NAV Continues To Slide (Rating Downgrade)
PTMN's NAV and earnings are declining, with poor new investment activity and a recent 32% dividend cut, prompting a downgrade to a sell rating. The portfolio is diverse and mostly secured, but non-accruals and growing PIK income indicate quality issues and distressed borrowers. PTMN's price is inversely related to interest rates, and with rates expected to remain high, the stock is likely to continue underperforming.
Portman Ridge Finance Corporation (PTMN) Q4 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q4 2024 Results Conference Call March 14, 2025 10:30 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer Conference Call Participants Chris Nolan - Ladenburg Steve Slater - Slater Capital Management Paul Johnson - KBW Operator Welcome to Portman Ridge Finance Corporation's Fourth Quarter and Full Year Ended December 31, 2024 Earnings Conference Call. An earnings press release was distributed yesterday, March 13 2025, after the close of the market.
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PTMN and LRFC on Behalf of Shareholders
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
LOGAN RIDGE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Logan Ridge Finance Corporation - LRFC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Logan Ridge Finance Corporation (NasdaqGS: LRFC) to Portman Ridge Finance Corporation (NasdaqGS: PTMN). Under the terms of the proposed transaction, shareholders of Logan Ridge will receive 1.50 newly issued shares of Portman for each share of Logan Ridge that they own. KSF is seeking to determine whether this.
PTMN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Portman Ridge Finance Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Portman Ridge Finance Corporation (NASDAQ: PTMN) and Logan Ridge Finance Corporation is fair to Portman shareholders. Halper Sadeh encourages Portman shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Portman an.
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Portman Ridge Finance Corporation - PTMN
NEW YORK , Jan. 31, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Portman Ridge Finance Corporation (Nasdaq: PTMN ), relating to the proposed merger with Logan Ridge Finance Corporation.
Portman Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
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.
Portman Ridge Finance: Vulnerable To Higher Interest Rates
Portman Ridge Finance's price has declined by over 32% in three years due to high interest rates, but offers a 16.8% dividend yield. PTMN's portfolio is diverse, with 85.5% in first lien senior secured debt, but has seen a decrease in net asset value and investment income as the portfolio quality deteriorates. The current dividend yield is unsustainable, and a cut is likely, making PTMN less attractive for income-focused investors.
Portman Ridge Finance: This 16.4% Yield Is A Hold For Now, But Proceed With Caution
Portman Ridge Finance Corporation offers a high yield but has shown disappointing returns, with a nearly 20% decline over the past 3 years. The business development company's financials are concerning, with declining net investment income and NAV erosion, raising questions about dividend safety. Despite a 17.19% discount to NAV and spillover income, the dividend coverage is weak, and leverage is above the sector median.
Dividend Cut Alert: 2 BDCs With Likely Lower Dividends In 2025
BDCs offer attractive opportunities for income investors to enhance their portfolio yields. Yet, since the yields are so enticing, the chances are high for getting caught in value traps. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability of making the announcements in 2025.
Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination
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.
Portman Ridge Finance Corporation (PTMN) Q3 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Capital Paul Johnson - KBW Operator Welcome to Portman Ridge Finance Corporation's Third Quarter 2024 Earnings Conference Call. An earnings press release was distributed Thursday, November 7th after market closed.
Portman Ridge Finance Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call
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.
Portman Ridge Finance Corporation (PTMN) Q2 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President and Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer, Secretary and Treasurer Conference Call Participants Christopher Nolan - Ladenburg Deepak Sarpangal - Repertoire Partners Steven Martin - Slater Capital Management Operator Good morning, ladies and gentlemen, and welcome to Portman Ridge Finance Corporation's Second Quarter 2024 Earnings Conference Call. An earnings press release was distributed yesterday, August 8th, after market close.
Portman Ridge Finance Corporation Announces Second Quarter 2024 Financial Results
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 the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total investment income for the second quarter of 2024 was $16.3 million, as compared to $16.5 million for the first quarter of 2024.
Portman Ridge Finance Corporation Amends and Extends Its 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% NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that it has amended and extended its existing senior secured revolving credit facility (“Credit Facility”) with JPMorgan Chase Bank, National Association (“JPM”). Under the terms of the amendment, there was a committed increase to the aggregate principal amount of the Credit Facility in an amount not to exceed $85.0 million, for a total of $200.0 million, the applicable margin was reduced from 2.80% per annum to 2.50% per annum, and there was a committed seven-day bridge advance in an aggregate principal amount of approximately $18.3 million.
Portman Ridge Finance: A Year Later, I Still Rate This 14% Yielding BDC A Hold
BDCs have performed well in recent years due to higher interest rates and strong economy, with 5-year total returns approaching 90%. Portman Ridge Finance Corporation has delivered a total return of about 13% in the past year, below median BDC performance. PTMN shows improvement in YTD total return at 15.9%, but still lags behind larger peer BDCs in terms of performance.
Portman Ridge Finance Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call
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.
Portman Ridge Finance Corporation (PTMN) Q1 2024 Earnings Call Transcript
Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer Conference Call Participants Christopher Nolan - Ladenburg Deepak Sarpangal - Repertoire Partners Steven Martin - Slater Operator Welcome to Portman Ridge Finance Corporation's First Quarter 2024 Earnings Conference Call. An earnings press release was distributed yesterday May 8 after market close.
Portman Ridge Finance Corporation Announces First Quarter 2024 Financial Results
Reports Net Investment Income of $0.67 Per Share and Net Asset Value of $22.57 Per Share Continued Share Repurchase Program: Total of 51,015 Shares for an Aggregate Cost of Approximately $1.0 Million Repurchased During the First Quarter; Accretive to NAV by $0.02 Per Share Announces Second Quarter 2024 Quarterly Distribution of $0.69 Per Share NEW YORK, May 08, 2024 (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, 2024. First Quarter 2024 Highlights Total investment income for the first quarter of 2024 was $16.5 million (inclusive of the reversal $0.4 million, or $0.04 per share, of previously accrued income on two loans that were placed on non-accrual status in the first quarter), as compared to $17.8 million for the fourth quarter of 2023.
Portman Ridge Finance Corporation Schedules First Quarter 2024 Earnings Release and Conference Call
NEW YORK, April 12, 2024 (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, 2024, on Wednesday, May 8, 2024, after market close. The Company will host a conference call on Thursday, May 9, 2024, at 9:00 a.m.
Portman Ridge Finance's Transformation Is Nearly Complete, So It's Time To Reconsider This 14.5% Yielding BDC
BCPC created PTMN by purchasing several underperforming BDCs with the goal of selling off the Legacy investments and replacing them with Core MM Loans ("Portfolio Optimization Process"). The Portfolio Optimization Process is almost completed, with Legacy investments only making up 27% of its investments. The process hasn't come without pain. PTMN incurred realized and unrealized losses of $4.39/share and $2.76/share over the last 2 years. Most of the losses were related to its Legacy investments.
Portman Ridge Finance Corporation Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
NEW YORK, Jan. 17, 2024 (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, 2023, on Wednesday, March 13, 2024, after market close. The Company will host a conference call on Thursday, March 14, 2024, at 9:00 a.m.
Similar Companies
Virtus Convertible & Income 2024 Target Term Fund
CBH
Price: $9.19
Market Cap: $167.75M
Eaton Vance National Municipal Opportunities Trust
EOT
Price: $16.71
Market Cap: $261.09M
RiverNorth Flexible Municipal Income Fund, Inc.
RFM
Price: $14.83
Market Cap: $90.65M
Related Metrics
Explore detailed financial metrics and analysis for PTMN.