Wall Street Zen Downgrades Portman Ridge Finance (NASDAQ:BCIC) to Buy

Portman Ridge Finance (NASDAQ:BCIC) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings raised shares of Portman Ridge Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Portman Ridge Finance Stock Up 0.5%

BCIC opened at $12.10 on Friday. The stock has a market capitalization of $158.27 million, a PE ratio of 11.10 and a beta of 0.38. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.18 and a current ratio of 2.18. Portman Ridge Finance has a twelve month low of $11.12 and a twelve month high of $17.51.

Hedge Funds Weigh In On Portman Ridge Finance

An institutional investor recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC bought a new position in shares of Portman Ridge Finance Corp (NASDAQ:BCIC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,468 shares of the company’s stock, valued at approximately $29,000. 30.14% of the stock is currently owned by hedge funds and other institutional investors.

Portman Ridge Finance Company 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, 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.