Portman Ridge Finance Corp (NASDAQ:BCIC) Stock Has Consensus Target Price of $9.25 According to Analysts

Portman Ridge Finance Corp (NASDAQ:BCIC) has been assigned an average recommendation of “Reduce” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $9.25.

Several research firms recently commented on BCIC. Oppenheimer cut their target price on shares of Portman Ridge Finance from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, August 10th. Keefe, Bruyette & Woods decreased their price target on shares of Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Portman Ridge Finance in a report on Wednesday, August 19th.

Portman Ridge Finance Price Performance

BCIC opened at $6.79 on Tuesday. The business has a 50 day moving average of $7.32 and a 200-day moving average of $7.48. The stock has a market capitalization of $84.06 million, a price-to-earnings ratio of -12.35 and a beta of 0.53. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.56. Portman Ridge Finance has a 1-year low of $6.70 and a 1-year high of $13.50.

Portman Ridge Finance Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.08 dividend on an annualized basis and a yield of 15.9%. Portman Ridge Finance’s dividend payout ratio (DPR) is -196.36%.

About Portman Ridge Finance

Portman Ridge Finance Corporation is a business development company that provides financing to middle-market businesses. The company primarily invests in privately originated debt and equity securities, with an emphasis on senior secured loans and other forms of credit designed to generate income while supporting the growth and operations of its portfolio companies.

In addition to direct investments, Portman Ridge Finance has invested in broadly syndicated loans and collateralized loan obligation vehicles.