Portman Ridge Finance Corp (NASDAQ:BCIC) to Issue Monthly Dividend of $0.09

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Thursday, August 6th. Investors of record on Monday, November 23rd will be paid a dividend of 0.09 per share on Friday, December 4th. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Monday, November 23rd.

Portman Ridge Finance Trading Up 1.8%

Portman Ridge Finance stock traded up $0.13 on Friday, reaching $7.52. 109,859 shares of the stock were exchanged, compared to its average volume of 84,512. The firm has a market cap of $93.10 million, a PE ratio of -31.33 and a beta of 0.50. The company has a debt-to-equity ratio of 1.74, a quick ratio of 4.43 and a current ratio of 4.43. Portman Ridge Finance has a twelve month low of $6.70 and a twelve month high of $13.50. The company’s fifty day moving average is $7.30.

Analyst Ratings Changes

A number of research firms recently weighed in on BCIC. Zacks Research raised Portman Ridge Finance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Portman Ridge Finance in a research report on Friday, May 22nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $9.00.

About Portman Ridge Finance

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.