Portman Ridge Finance (NASDAQ:BCIC) Upgraded by Wall Street Zen to “Hold” Rating

Portman Ridge Finance (NASDAQ:BCIC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

BCIC has been the topic of a number of other research reports. Zacks Research downgraded Portman Ridge Finance from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. Weiss Ratings downgraded Portman Ridge Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. LADENBURG THALM/SH SH lowered Portman Ridge Finance from a “buy” rating to a “neutral” rating in a research report on Monday, March 9th. Finally, Keefe, Bruyette & Woods lowered their target price on Portman Ridge Finance from $14.00 to $9.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $9.00.

Portman Ridge Finance Price Performance

NASDAQ:BCIC opened at $8.04 on Wednesday. The firm has a market capitalization of $99.59 million, a PE ratio of 14.11 and a beta of 0.40. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 1.47. Portman Ridge Finance has a 1 year low of $7.88 and a 1 year high of $15.77.

Insider Buying and Selling

In related news, Director Dean C. Kehler sold 16,200 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $8.84, for a total transaction of $143,208.00. Following the transaction, the director directly owned 111,216 shares in the company, valued at approximately $983,149.44. The trade was a 12.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 26,554 shares of company stock worth $236,671 over the last ninety days. Corporate insiders own 2.11% of the company’s stock.

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 stake in shares of Portman Ridge Finance Corp (NASDAQ:BCIC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,468 shares of the company’s stock, valued at approximately $29,000. Institutional investors and hedge funds own 30.14% of the company’s stock.

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.