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

Portman Ridge Finance (NASDAQ:BCIC) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.

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

Portman Ridge Finance Stock Performance

Shares of NASDAQ BCIC opened at $11.25 on Monday. The firm has a market capitalization of $147.15 million, a P/E ratio of 10.32 and a beta of 0.40. Portman Ridge Finance has a 52 week low of $11.12 and a 52 week high of $17.50. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.39.

Institutional Trading of Portman Ridge Finance

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

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.