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

Wall Street Zen lowered shares of Portman Ridge Finance (NASDAQ:BCIC) from a strong-buy rating to a buy rating in a research report released on Monday.

Separately, Weiss Ratings lowered Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Portman Ridge Finance currently has a consensus rating of “Sell”.

Portman Ridge Finance Price Performance

BCIC stock opened at $11.47 on Monday. Portman Ridge Finance has a twelve month low of $11.12 and a twelve month high of $17.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a market cap of $150.03 million, a P/E ratio of 10.52 and a beta of 0.39.

Institutional Investors Weigh In On Portman Ridge Finance

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

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.